The Russian State Duma has ratified an agreement with the United Arab Emirates to avoid double taxation of income and capital and prevent tax evasion. The government introduced the bill, No. 930586-8, on May 29. This new agreement replaces an earlier 2011 agreement which applied only to the income of state-owned investment funds. An explanatory […]
The Central Bank of Russia has proposed to the Russian State Duma that the largest “systemically important” Russian banks must provide their clients with the option to use digital rubles from September 1, 2026. This is a pushback from the previously agreed-upon deadline of July 1 this year. The bank has instructed Russian retail companies with annual revenues exceeding
Rollout of Digital Ruble Pushed Back to September 2026 Read More »
Russian rapeseed oil has gained increasing popularity in the Chinese market and now accounts for over half of China’s imports of this product, according to Dmitry Kurbatov, Director of International Trade at Forward East Group. He was speaking at a Russian export business mission in Chengdu, China. Kurbatov said, “Chengdu is the global capital of
Russian Rapeseed Oils Conquer 50% of China’s Total Market as Agricultural Exports Boom Read More »
Russia’s PhosAgro boosted fertilizer exports 10% year-on-year to 4.3 million tonnes in January-May 2025, CEO Mikhail Rybnikov has said. He was speaking at the St. Petersburg International Economic Forum and stated, “After fully covering the needs of Russian farmers, we increased exports by approximately 10%, or 400,000 tonnes, to 4.3 million tonnes in the first five months of 2025.
President Putin has engaged in a lengthy, moderated Q&A session, with Nadim Koteich, of Sky News Arabia the moderator at the SPIEF 2025 event. Questions were direct and included involved answers from Putin about the concept of developing a multipolar global society, in-depth discussions about the Israel-Iran conflict, the Ukraine conflict, and issues pertaining to
President Putin Q&A On Multipolarity, Iran, Ukraine, Nuclear War, & Foreign Investment Read More »
Vladimir Putin has given the annual plenary speech at the St.Petersburg International Economic Forum (SPIEF). The main basis for his speech was all Russian domestic policy, in which he discussed the Russian Economy, Monetary Policy, Employment, Education, Tax and Funding Policies, Tourism and Recycling, Russia’s Investment Climate, Technological Development and Funding, Digitization, Foreign Trade, Defence
President Putin’s Speech At SPIEF 2025: Key Points & Analysis Read More »
A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched, according to the Financial Times. Described as the first stablecoin pegged to the Russian ruble, the A7A5 token was officially launched in
Russian, Ruble-Linked A7A5 Stablecoin Services Billions Of Dollars Worth Of Trade Read More »
Russia and Cuba are working on the creation of a logistics center based at Mariel Port, according to Tatyana Mashkova, Director General of the National Committee for Economic Cooperation with Latin American Countries (NC SESLA). Mariel Port is located 45 km from Havana, the capital of Cuba, in a sheltered deep-water bay. It is located
Russia and Cuba to Develop Logistics Hub in the Gulf of America Read More »
Russia’s FESCO Transport Group intends to set up transport and logistics hubs in China and India, according to FESCO’s Vice President for Finance, Leonid Zvyagintsev. The hubs will be used to transport goods both within the Shanghai Cooperation Organization (SCO) countries and to Africa. Zvyagintsev said that FESCO has initiated the transition to digital veterinary
Russia’s Nordwind Airlines has requested permission from Russia’s Federal Air Transport Agency (Rosaviatsia) for flight clearance from Moscow to Pyongyang, North Korea. Permission is being sought for flights up to two times a week. There are currently no direct flights between the capitals of Russia and North Korea. Flight times between Moscow and Pyongyang direct would be
Russia’s Nordwind Requests Permission To Fly Moscow–Pyongyang Read More »
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