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    Russia To Resume Flights To Sri Lanka

    Island is becoming a haven for digital nomads able to work from home in tropical surroundings Air traffic between Russia and Sri Lanka is planned to be restored by mid-October, according to Bandula Gunawardana, Sri Lanka’s Minister of Transport. Flights will be operated by Sri Lankan airlines and will depart initially from Moscow direct to[…..]

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    Moscow Exchange To Start Russian Ruble / Uzbeki Som Trading

    The Moscow Exchange will begin trading the currency pair Uzbek Som/Russian Ruble (UZS/RUB) on September 12, the exchange has said. The currency pair will be traded on the spot market with today and tomorrow settlements. Trading participants and their clients will also have access to overnight swaps. The new currency pair will expand trading options[…..]

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    Iran Set To Join Russia’s MIR Card Payment System

    Move will accelerate Iran’s regional trade and bypass US sanctions The Iranian Central Bank of Iran is negotiating to join Russia’s MIR payment card system to facilitate financial transfers and trade, according to Hadi Tizhoush Taban, the Chairman of the Iran Russia Joint Chamber of Commerce. MIR is supported by Russia’s SPFS payment system and[…..]

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    Russia’s Chelyabinsk Makes Trade & Investment Moves Into Azerbaijan

    A delegation from Russia’s Chelyabinsk Oblast, together with Russia’s trade representative in Azerbaijan, Ruslan Mirsayapov and Head of the Russian Export Center’s representative office in Azerbaijan Nuri Guliyev have been looking at ways to increase direct trade with Azerbaijan. Chelyabinsk is sited in Russia’s Ural Mountains region, on the border of Europe and Asia. Its[…..]

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    Eurasian Economic Union Dedollarizes; Emphasis Now On Increasing Use Of Mutual Currencies & China Yuan Trade

    The Eurasian Intergovernmental Council, the governing body of the Eurasian Economic Union (EAEU) has been meeting at Lake Issyk-Kul in Kyrgyzstan, to coordinate numerous factors concerning the EAEU member states, which include Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. A major issue has been the development of changes to settle transactions in respective currencies and to[…..]

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    H1 2022 Russian Exports To Mexico Increase 20%

    Opportunities in new markets for Russian exporters Russia’s exports of goods to Mexico increased by more than 20% during the first six months of the current year, according to the latest figures released by the Bank of Mexico. In monetary terms, Mexican imports from Russia amounted to US$1.193 billion. In June, Mexican purchases of Russian[…..]

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    Russia’s July 2022 Imports From China Up 29% Year on Year

    Russia now beginning the process of absorbing the complete loss of EU imports Russia bought US$6.7 billion worth of goods from China in July, as supply chains adapt in the wake of Western sanctions. The data was released by the Chinese Ministry of Customs. Chinese shipments to Russia surged 22.2% in July from a year[…..]

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    European Road Network Completely Cut From Russian Route Maps

    Istanbul connectivity the new Russia-EU transit hub By Chris Devonshire-Ellis European road connectivity has been completely cut from Russian GPS maps in an illustration of how serious Moscow views the EU’s perspective of the Ukraine conflict, and further evidence that Russia views the EU import and export markets as ‘dead.’ This of course has significant[…..]

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    Russia Relocating Trade From EU To BRICS

    President Vladimir Putin said at last week’s BRICS Business Forum that Russia was in the process of rerouting its trade and oil exports towards countries from the BRICS group of emerging economies in the wake of Western sanctions over Ukraine. The BRICS countries comprise Brazil, Russia, India, China and South Africa. The West has imposed[…..]

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    Russia – Kazakhstan Relations

    Western media has talked up differences – but bilateral trade is up 4x on 2021 By Chris Devonshire-Ellis Kazakhstan President Kassym-Jomart Tokayev has been targeted by Western media in light of comments he made at the recent St. Petersburg International Economic Forum (SPIEF). Several Western commentators have suggested a pro-Western bias is emerging from Tokayev,[…..]

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