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  August 24, 2023 by Russia Briefing
  

  Vladimir Putin’s Presidential Speech at the BRICS 2023 Summit: Analysis

  Putin discusses the Ukraine conflict, BRICS trade, working with the United Nations and showcases where Russia feels the BRICS development should be targeted. Analysis by Chris Devonshire-Ellis The Russian President Vladimir Putin gave a speech via video-conference at the BRICS summit where he directly addressed the leaders of the four other BRICS countries, Brazil, India,[…..]
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  August 23, 2023 by Russia Briefing
  

  Russia and Saudi Arabia: The 2023 –24 Trade and Investment Dynamics

  Growth is apparent but INSTC connectivity is required to boost bilateral trade By Emil Avdaliani Political and economic trends across Eurasia have pushed Russia and Saudi Arabia to seek closer ties. Riyadh seeks to diversify its foreign policy and foreign economic relations in order to implement its Saudi Vision 2030 strategic development programme, while it[…..]
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  August 22, 2023 by Russia Briefing
  

  Russia’s Trade & Development With BRICS: Analysis and Opportunities

  With the BRICS 2023 summit now underway, we examine the Russia-BRICS trade dynamics   By Chris Devonshire-Ellis The BRICS 2023 summit is now underway in Johannesburg, South Africa, with the Heads of State of Brazil, China, India, and South Africa all attending in person, together with significant trade delegations, including Russia. The Russian President, Vladimir[…..]
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  August 21, 2023 by Russia Briefing
  

  UK Asks Russia To Reverse Decision On UK-Russia Double Tax Treaty

  Russia suspended the treaty on August 8th, resulting in higher withholding tax exposure to British companies    The United Kingdom has asked Russia to reverse the suspension of the provisions of the bilateral Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital Gains[…..]
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  August 20, 2023 by Russia Briefing
  

  Russia – UAE: 2023-24 Trade and Investment Dynamics

  By Emil Avdaliani Russia’s re-orientation of trade from the West to Asia has benefited the United Arab Emirates (UAE). Trade grows as does the potential for investments. However, the Russia-West confrontation does not solely account for the burgeoning Russia-UAE ties. Those were steadily growing well before the outbreak of military hostilities in Ukraine in February[…..]
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  August 17, 2023 by Russia Briefing
  

  Russia Officially Launches The Digital Ruble

  A national roll out to all Russians who need digital ruble use for international transactions is expected by early 2025 Russia has officially launched the Digital Russian Ruble, with it becoming operational from August 1st.  This will help Moscow conduct foreign trade in the face of Western sanctions, according to Vladislav Ginko, of the Russian[…..]
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  August 16, 2023 by Russia Briefing
  

  The Bank of Russia’s Scenarios About The Russian Economy Looking Ahead

  Russia will continue moderate economic growth with some bumps but a global economic crisis could be looming  The Bank of Russia has identified differing scenarios as concerns the future trends of the Russian economy; and is putting in place mechanisms to deal with these.  These include a belief that sanctions against Russia will remain until[…..]
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  August 15, 2023 by Russia Briefing
  

  Russia and Iran: The Trade and Investment Dynamic 2023/24

  Bilateral trade up 20% in twelve months, mutual investments increasing By Emil Avdaliani In many ways Russia and Iran find themselves in a similar geo-strategic position. Both are heavily sanctioned by the West and pursue a set of policies which aim at bolstering their respective influence on their regional, if not global stage. They also[…..]
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  August 14, 2023 by Russia Briefing
  

  UK Businesses Dissatisfied With Sanctions As Foreign Investors Also Lose Trust In The Rule Of Law

  In 2019, the UK sold £2.13 billion of services to Russia. Now it sells quasi-smuggled sausages to pubs, while potentially sanctions exposed foreign investors stay well away. By Chris Devonshire-Ellis   Numerous British companies are dissatisfied with London’s sanctions policy against Russia, a member of the House of Lords of the UK Parliament has stated[…..]
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  August 13, 2023 by Russia Briefing
  

  Chinese Investors Jump In Where Western Business Have Exited Russia

  Europe’s loss is China’s gain as Beijing’s corporates hoover up the EU’s market share in Russia Major European companies have incurred at least €100 billion (US$110 billion) in direct losses from their Russia operations as a result of Western sanctions, the Financial Times reported last week. The newspaper’s survey of 600 European groups’ annual reports[…..]