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Intra-Eurasian Economic Union Trade Up 7% In Q1 2024

Economy, Eurasian Economic Union, Trade

The mutual trade volume within the Eurasian Economic Union (EAEU) in the first quarter of 2024 increased by ₽2 trillion (US$22.5 billion), according to Dmitry Volvach, a Deputy Minister of the Russian Ministry of Economic Development of Russia. He was speaking at the ‘Export to the EAEU countries’ conference of interregional cooperation in Novosibirsk last […]

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Russia Outlines “BRICS Bridge” Digital Settlement Plans

BRICS, Economy, Trade

Russia has proposed to BRICS countries and partnership members a mechanism for cross-border payments based on the BRICS Bridge settlement platform, according to Anton Siluanov, Russia’s Finance Minister. He explained that the mechanism would see BRICS members central banks issue digital financial assets (DFAs), which would in turn peg their value to the national currencies

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The Real Purpose Of Ukraine’s ‘Peace Conference’: Asking For A 60% Reduction In Western Debt

Economy, Finance, Investment

The Financial Times has published an article describing a key meeting between the Ukrainian Finance Ministry and Officials attending the Peace Conference held over the weekend in Lucerne, Switzerland. The newspaper reported that Ukraine had asked for its official bondholders to take a 60% haircut on foreign exchange bonds due in August of US$20 billion.

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Stablising Afghanistan: Russia’s New Opportunity

Infrastructure, Investment, Trade

Stabilising the situation in the Islamic Emirate of Afghanistan, requires fundamentally new approaches to relations with this country. It is necessary to ease the military-political tension along such an extensive border, which is also crucial for Russia’s positions in the region, according to AsiaIs, a website devoted to Russia-Asia political analysis. Afghanistan shares the longest

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Russia – North Korea 2024 Trade & Security Developments

China, Economy, Trade

Update June 18: As we predicted, Russian President Vladimir Putin will meet Kim Jong-Un, the President of North Korea, with the dates now confirmed for June 18th/19 in Pyongyang. According to the Kremlin, the Russian delegation will also include Foreign Minister Sergey Lavrov, First Deputy Prime Minister Denis Manturov, Defense Minister Andrey Belousov, Health Minister

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The Chinese RMB Yuan Becomes Russia’s Currency Valuation Baseline: The Implications For The US Dollar and Euro 

BRICS, China, Economy, Finance

In response to Wednesday’s (June 12) US sanctions concerning the provision of services to Russia for trading US dollars or Euros, the Bank of Russia has stated that the Chinese RMB Yuan / Russian Ruble exchange rate will now be the baseline from which other currency pairs, including for the euro and the dollar, will

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Moscow: Iran Would Benefit By Joining BRICS New Development Bank

BRICS, Finance, Investment, Trade

Sergey Ryabkov, Russia’s Deputy Foreign Minister has said that Iran would benefit if it joined New Development Bank established by the BRICS countries. Speaking at the BRICS foreign ministers meeting in Nizhny Novgorod, he said that “In order for Iran’s entry into BRICS to face the least difficulties, it is necessary to take a number

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