Chinese payment company Helipay is in talks with Russian banks to set up cross-border transactions, the company’s development director told the International Banking Forum in Sochi on Friday (September 29).
Trade up from US$15.7 million in 2021 to US$400 million in 2023 By Emil Avdaliani Amid the re-orientation of trade from the West to Asian markets, Russia has been expanding its trade and, to some degree, investments ties with South Asian countries. Among them Myanmar stands out as a promising market for Russian companies which[…..]
Maxim Reshetnikov, Russia’s Economic Development Minister has said that the Russian government’s resolution on foreign tourists opening accounts remotely in Russian banks should be passed very soon, and it could enter into effect by the end of 2023.
Russia has wasted no time in developing its new BRICS relationship with Addis Ababa Ethiopia will launch the production of Russian Lada cars on its territory for the African market, the countries Ambassador to Russia Cham Ugala Uriat has said. The move is significant as it illustrates why Ethiopia has joined BRICS – its low[…..]
Coordination of the North-South Transport Corridor To Lead To Greater Trade & Transit Opportunities Tehran’s full-scale involvement in BRICS’ activities was the focus of a telephone call between Presidents Vladimir Putin of Russia and Ebrahim Raisi of Iran, the Kremlin press service said on Tuesday (September 26).
2022 bilateral trade increased by nearly 50% By Michael Barantschik Russia is expanding its global trade by enhancing its infrastructure and transportation options in its eastern regions. In light of that, the business relationship between Russia and Mongolia has strengthened in recent years. Both countries are exploring new areas for collaboration and working together to[…..]
Mistrust over asset management in Europe is driving investors away While much of the focus on Russian assets in Europe has been on sanctioned properties and frozen bank accounts, there has also been a reaction to the perceived threat to overseas property being held by the EU in particular. Many of the assets and bank[…..]
Russia and China also holding Ministerial level talks in Moscow The Russian President Vladimir Putin will meet with Chinese President Xi Jinping in Beijing next month, the Kremlin has confirmed. Discussions will take place during the backdrop of the Belt and Road Initiative Forum, the first China has hosted for four years. This year marks[…..]
Unrealised potential as Russian clothing manufacturers should look east for textiles By Emil Avdaliani Russia’s turn eastward plays out differently in the relations with developing Asian countries. Most benefit from the Western sanctions imposed on Russia as the latter seeks to alleviate the effects of the unfolding decoupling with the European Union. There are however[…..]
Russia and India cooperating on shipbuilding as NSR route gains importance in India’s energy strategy Aleksey Chekunkov, the Russian Minister for the Development of the Far East and the Arctic, has stated that despite sanctions affecting shipbuilding projects, the Northern Sea Route (NSR) in Russia’s Arctic economic zone is experiencing an unprecedented surge in[…..]