Russia’s Sberbank has launched an overseas crypto payment scheme for its corporate clients conducting international trade and investment. The Russian Central Bank authorised the method from September 1 with the mechanism likely to be a considerable game changer in global trade flows.
Russia’s FESCO Transportation have opened a Representative Office in Jakarta, the Indonesian capital and its largest port. A Eurasian Economic Union Free Trade Agreement came into effect from December last year, with the immediate result being a 22% increase in bilateral trade volumes in 2026 year to date.
Russia’s VTB bank has launched its QR code payment service to Indonesia and the Philippines. Both are increasingly popular with Russian tourists, with the system avoiding Western payment mechanisms with direct debit from Russian clients’ ruble bank accounts at the prevailing exchange rate from the relevant local store in rupiah or pesos. There is no commission on the transaction.
Aeroflot have purchased the 49% stake in Russia’s largest in-flight catering company, Aeromar, from Germany’s Lufthansa. The deal is noteworthy as Aeroflot is sanctioned, while Aeromar’s recent performance saw it make losses. Aeroflot will be expected to turn the business around and back into profitability under all Russian investment and management. Aeroflot’s international passenger flight capacity increased by 8.9% in Q1 this year.
The Russian and Kazakh Presidentshave met in Bishkek to discuss bilateral cooperation. Trade volumes have jumped 15% this year to date and if maintained will reach the US$30 billion goal the two Presidents agreed upon in 2024, well ahead of schedule.
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The Russian and Tajikistan Presidents have met in Bishkek to discuss bilateral relations and regional security. Trade has been growing at 25% per annum and is at record levels, Tajikistan is also considering nuclear power options as it looks to diversify its energy mix.
The Russian and Uzbekistan Presidents have met in Bishkek. We summarise the latest trade and investment data as bilateral trade grew by 8.4% last year. Uzbekistan recently became a BRICS Partner State.
Armenia is poised to hold a referendum about joining the European Union. In this article we look at its relationship and trade with the Eurasian Economic Union and the practical issues Armenia needs to take before making a choice.
The Russian and Mongolian Presidents have met in Bishkek, with multiple projects underway between the two countries. These include nuclear power, rail connectivity, a free trade agreement, and the building of a new capital city. Mongolia’s unique position between Russia and China is about to pay dividends.
The Russian and Turkish Presidents have met in Bishkek, with central discussions focussing on nuclear energy, tourism and the agricultural sectors. We examine these and look at the threat of secondary sanctions hanging over Ankara despite Turkiye being a member of NATO.
The Russian and Iranian Presidents have met in Bishkek to discuss issues concerning conflicts with the United States, security, rail connectivity, economic development, finance and trade. We examine the issues at hand and what potentially lies ahead in terms of diplomatic meetings to resolve issues.
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