Russia’s Sberbank intends to accelerate currency payments in China, and plans to join the Chinese banking payment system.
According to President Putin, Russia’s foreign exchange reserves can now cover all of the debt owed by both government and domestic businesses.
Russia and China are planning to work together to develop the majority of future global AI research and applications, according to Konstantin Gorbach, AI business director of Russian industrial digitalization technology firm Zyfra.
The US-China trade war and US sanctions against Russia have created new opportunities for Russian firms, as per the China Overseas Development Association.
The Moscow backed Eurasian Economic Union (EAEU) is poised to sign Free Trade Agreements with Egypt, Iran, India and Singapore.
Several member nations of the European Union are pursuing increased trade and cooperation with Russia, defying Brussels hard line.
Russia has allocated US$320 million to develop tourist infrastructure from 2019 to 2022, creating sustainable growth opportunities in the sector.
15 years after the Concorde was retired, Russia wants to bring back supersonic passenger aircraft services.
Chris Devonshire-Ellis explains why it is time to reassess Russia’s foreign investment potential.
Russia is making a strategic shift in its reserves towards holding fewer dollars and more assets in other currencies, especially the RMB and Euro.