News

Ethiopia

Russia Donates 1,600 Tonnes of Grain to Ethiopia

Africa, Agriculture, BRICS, Exports, Security

The Russian Embassy in Addis Ababa has announced that Russia has donated more than 1,600 tonnes of grain to Ethiopia as part of its ongoing food aid initiative. The donation aims to support refugees in Ethiopia’s Gambella region, where severe financial shortages have left many in need. The Embassy stated that funding shortages have severely […]

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Tax

Russia 2025 Individual and Corporate Income Tax Rates

Finance, Regulatory, Russian Market, Trade

2024 saw the biggest tax base reform in Russia for the last twenty years, with numerous  changes. The tax innovations will affect all Russian citizens, foreigners working in the country, individual entrepreneurs, as well as small and large businesses. The move to “a fairer distribution of the tax burden” for those with higher personal and

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Counterfeit

Russian Products Being Counterfeited In China As Consumer Interest In Russia Increases 

BRICS, China, Exports, Regulatory, Trade

Copying someone is a form of flattery, however Chinese authorities are having to crack down on counterfeit Russian goods being sold in the country, a dubious form of cultural appreciation and one that somewhat inevitably goes with strengthening trade ties. The moves follow a rising number of complaints from consumers about the quality and authenticity

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Russia’s Ust-Luga Oil Sea Port In Danger Of Rising Sea Levels Among 13 Globally  

Energy, Infrastructure, Logistics & Transport, Security, Trade

A study by the Swedish climate organisation International Cryosphere Climate Initiative has revealed that according to global warming scientists, 13 of the largest oil ports around the world are at operational risk due to rising sea levels and subsequent flooding. A rise of just 1 meter could create disruptions as early as 2070 if carbon

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Russia Economy

American Hedge Fund Manager Predicts A Russian Economic Boom 

BRICS, Economy, Finance, Foreign Investment, Russian Market

Jim Rogers, the legendary American investor and hedge fund manager has predicted a Russian economic boom once the Ukraine conflict ends, allowing foreign investors to return to the market. In an interview he gave on January 8th, Rogers said the resolution of the conflict would stabilize the geopolitical situation and positively impact Russian bonds, the

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Russian Government Procurement From the BRICS, Asian and Eurasian Banks

BRICS, Finance, Infrastructure, Russian Market, Trade

Contracts from international financial organizations will appear on the Russian government procurement website. These include projects being tendered for by several international banks that Russia holds equity and invests in, including the New Development Bank (NDB – formally known as the BRICS Development Bank). The NDB plans to unfreeze investments in Russia — money that

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How Russia Is Repositioning Its Wine Industry To Boost BRICS and Domestic Production 

Agriculture, BRICS, Imports, Russian Market, Trade

A symbol, as well as being representative of Russia’s move to replace previously EU manufactured imported products with products of Russian origin is Russia’s viniculture sector. Wines from Italy, France and Spain have long been popular in Russia, with these three countries alone accounting for 80% of all EU wine exports. In addition, viniculture is

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BRICS

Indonesia Joins BRICS As A Full Member

BRICS, Economy, Eurasian Economic Union, Exports, Imports, Russia's Belt & Road, Trade

Indonesia has become a full member of the BRICS group, the its current rotating chair country, Brazil, announced on Monday (January 6). It brings the full member number of BRICS countries to ten, with the others being Brazil, Russia, India, China and South Africa, in addition to Egypt, Ethiopia, Iran, and the UAE. Several other

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