News

Latest updates, insights, and analysis.

July 25, 2024

Russia To Permit Foreign Bank Branches & Cryptocurrency Settlements

Changes in Russia’s policy towards allowing Foreign banks to operate in the county are in the pipeline, as growing problems with cross-border payments have forced the government and the Central Bank to agree to open branches of foreign banks in Russia. These have been strictly prohibited in recent decades. Additionally, Russian officials are ready to […]

July 25, 2024

De-Dollarizing Via mBridge – How Close Are We?

In a world where de-dollarization has become the byword for independent sovereignty, there has been a lot of talk about BRICS currency, cross-border settlements in national currencies, and much speculative guesstimating. However, what is the root program that has been developed to enable cross-border settlements to handle transactions in different sovereign national Central Bank Digital […]

July 24, 2024

Russia – Syria 2024 Bilateral Relations: Update

Russia’s Foreign Minister Sergey Lavrov gave a speech concerning the 80th anniversary of diplomatic relations between Russia and Syria on July 19, in Moscow. He outlined the historic relations between the two countries and future developments. We reproduce his comments below: “Russian-Syrian diplomatic relations were established on July 21, 1944 at the height of WWII. […]

July 24, 2024

Russia – Libya Bilateral 2024 Relations: Update

Russia’s Foreign Minister Sergey Lavrov met with Taher al-Baour, the Acting Foreign Minister of Libya, in New York on the sidelines of the UN Security Council’s open debate on multilateral cooperation on July 16. During the discussion on the developing situation in Libya, Lavrov underscored Moscow’s  unchanging intent to keep on supporting sustainable stabilisation of […]

July 22, 2024

Burning Down The House: How European Politicians Have Collapsed The European Economy

One of the difficulties when reporting statistics concerning Russia or the European Union in these chaotic times is the ultra-partisan nature of contemporary thought. Anything pro-Russian or Western-negative is automatically regarded as suspect and not to be trusted. Such items are also avoided as subjects for discussion in Western media. Hiding the truth has always […]

July 21, 2024

More Countries Want To Join The Shanghai Cooperation Organisation As Full Members

Several countries want to upgrade their relations with the Shanghai Cooperation Organization (SCO), the group’s Secretary-General Zhang Ming has stated. The SCO is a multifunctional trade, security and geopolitical alliance formed in 2001 by China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, primarily to deal with the repercussions of the United States and NATO invasion of […]

July 20, 2024

Russia’s Tax Revenues From ‘Unfriendly Countries’ Business Exceeds Forecasts

Other unexpected bonuses are increasing Russia’s taxable corporate income from foreign investors originating from unfriendly countries as a direct result of sanctions being placed upon the country. Political pressures are also being placed on foreign investors to exit. It is another example of political thinking in the West apparently being divided from the fiscal repercussions. […]

July 20, 2024

Corporate Registrations In Russia’s Offshore SAR Increase 30% In 2024 YTD

Russian and foreign investors are starting to become more savvy over tax incentives on offer in Russia’s Special Administrative Regions (SAR), increasing their investments by almost a third since the beginning of this year. The two SAR that Russia currently has are sited in Kaliningrad, in Western Russia, and Russky Island, Vladivostok in the Primorye […]

July 18, 2024

Russia To Develop A Pacific Ocean Port for Belarus Exports To China

Oleg Kozhemyako, the Governor of Russia’s Far Eastern Primorsky territory, has stated that a special port for use by Belarusian exporters will be developed on Russia’s eastern seaboard. The announcement was made after Kozhemyaako met with Alexander Lukashenko, the President of Belarus in Minsk earlier this month. Chinese developers are also interested in the construction […]

July 18, 2024

Russia – Kyrgyzstan Eurasian Development Agenda Puts Priority On Regional Trade

Sergey Glazyev, the Eurasian Economic Union Minister for Integration and Macroeconomics, has been taking part in the 11th Russian-Kyrgyz Interregional Conference in Krasnoyarsk. The event is annually attended by heads of regions, entrepreneurs, representatives of business development and support institutions of the countries of the Eurasian Economic Union (EAEU). These include Armenia, Belarus, Kazakhstan, Kyrgyzstan […]

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