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 […]
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
Moscow: Iran Would Benefit By Joining BRICS New Development Bank Read More »
Russian Foreign Minister Sergey Lavrov said during talks with his Venezuelan counterpart Yvan Gil Pinto during the BRICS Foreign Ministers’ meeting this week, that Russia welcomes Venezuela’s interest in BRICS and will contribute to the strengthening of relations as the BRICS 2024 chair. Lavrov stated that “We are glad to see you and your delegation
In a sign that Russia’s push towards a multipolar world is gaining traction, and that the international community is happy to connect with the with country, Vladimir Poteshkin, Russia’s Deputy Transport Minister has stated that direct flights to Tanzania, Kuwait, Saudi Arabia and Indonesia are due to begin before the end of this year. New
Russia Introduces New Direct Flights To Africa, Asia & Middle East Read More »
The Bank of Russia has announced it is suspending trade in the Hong Kong dollar with immediate effect from Thursday, June 13, with the move meaning that settlements on the Moscow Exchange (MOEX) will be suspended. The suspension has come after the United States issued a further round of sanctions on Russia meaning that third-country
Bank Of Russia Suspends Trading In Hong Kong Dollars Read More »
The Cuban Foreign Minister, Bruno Rodríguez Parrilla has held discussions with Russian Foreign Minister Sergey Lavrov concerning the development of trade ties in St. Petersburg. The meetings have been held at the same time that a small fleet of Russian warships and support craft have arrived in Havana. Lavrov had visited Cuba in February this
A little commented on issue in Western Europe is the significant possibility that Republika Srpska, currently part of Bosnia & Herzegovina (BiH), may shortly declare independence. Part of the former Yugoslavia, Republika Srpska is one of the two entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina. It is located
A New European Country In The Making? An Introduction To Republika Srpska Read More »
In a major trade step forward, the Eurasian Economic Union (EAEU) and China have agreed to implement vital elements of cooperation in trade digitalisation, making mutual trade flows increasingly transparent and effective. The impact will further increase multilateral trade throughout China, Russia and the Eurasian landmass. Russia’s Minister of Trade of the Eurasian Economic Commission,
Eurasian Economic Union, China, Integrate Digital Regional Trade Connectivity Read More »
Alexander Korytny, the CEO of Kaliningrad’s Khrabrovo Airport has stated that the airport is actively working with Chinese airlines as a service hub for Western Europe. Korytny said that “We are actively cooperating with Chinese airlines, having made a pivot to the East. We are working with five leading Chinese airlines through the government of
Kaliningrad Airport Becomes A Chinese Aviation Hub Read More »
As we reported last week, Russian President Vladimir Putin has held meetings with Dilma Rousseff, the Head of the BRICS New Development Bank (NDB). A new priority for the NDB, as directed by its shareholders, is the development of a new digital currency to facilitate direct trade between members and bypass sanctions imposed on Russia
Future BRICS Currency To Combine A Gold Standard & Sovereign Currency Mix Read More »
Русский