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    Sberbank Given Permission To Open Client Rupee Accounts In New Delhi

    Russia’s Sberbank has received permission from the Reserve Bank of India for Russian clients in India to open Rupee accounts, Anatoly Popov, deputy chairman of Sberbank’s executive board has stated. “The presence of these accounts is designed to increase the convenience of servicing Russian customers, including banks that plan to conduct transactions in this currency.[…..]

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    Russia-India Bilateral Trade To Track To Reach US$40 Billion As Cheap Oil Exports Increase

    Setting Up In India Can Alleviate An EU Energy Crunch As Cheap Energy Fuels Productivity And GDP Growth The Ukraine conflict is having the effect of significantly boosting Russia’s trade with numerous nations, as the world’s largest energy player goes in search of new markets in the wake of energy sanctions being imposed by the[…..]

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    Russia, Turkmenistan To Launch Container Service Along INSTC

    First Russian shipments to India have recently taken place Russia and Turkmenistan are planning to launch a regular container service along the International North-South Transportation Corridor (INSTC),  according to Oleg Belozerov, the CEO of Russian Railways.

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    Russia Establishes Three New Special Economic Zones

    Industrial SEZs to be set up in Chuvash, Volgograd and Kemerovo to incentivise manufacturing investment   Russia’s Ministry of Economics has announced that three new Special Economic Zones (SEZs) will to established in three Russian Federal Districts – the Southern Federal District, Central Federal District and Siberian Federal District. Ministry stated that this will attract[…..]

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    Russia’s Chuvash Republic Seeks Direct Trade Ties With Azerbaijan

    In common with several regions of Russia, the Russian Chuvash Republic, a semi-autonomous state in the European South-East of Russia, is holding bilateral trade talks with Azerbaijan.

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    CIS Heads Of State, and Russia-Central Asia Forum Meetings In Astana: Analysis & Opinion

    Increased trade, investment and regional security promised by Putin as 2022 Russia-Central Asia trade grows by 16% YTD, yet tensions remain over sanctions and Afghanistan    By Chris Devonshire-Ellis   The Council of Heads of State of the Commonwealth of Independent States (CIS) had their annual meeting in Astana, Kazakhstan over the past weekend, with[…..]

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    Russian Corporate Tax Use Of Special Administrative Regions Doubles in 2022

    Despite high capitalisation costs, use of Russian SARs is increasing Increased Western sanctions have motivated Russian domestic businesses to relocate Russia’s own offshore jurisdictions in the first nine months of 2022, according to the Russian Ministry of Economic Development. 49 Russian MNCs have moved to Special Administrative Regions (SAR) of Russia, more than double the[…..]

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    Russia To Pilot The Digital Ruble From April 2023

    “The Digital Ruble is a replacement for the Cash Ruble” – Russian Deputy Minister of Finance Aleksey Moiseev on a new form of money.     The Russian Ministry of Finance has begun discussing with the Central Bank options for using the Digital Ruble in the budget process. Deputy Finance Minister Alexei Moiseev said the next[…..]

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    Russia, UAE Discuss Elements Of Developing A New World Order

    Thousands of Russian Digital Nomads Are Taking Up Residence In The Emirates  Russian President Putin has met with the United Arab Emirates Sheikh Mohamed Bin Zayed Al Nahyan, where they reviewed a number of regional and international issues and developments of common concern during discussions.

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    Iran To Connect National Grid To Russia And Other Shanghai Cooperation Organisation Countries

    Iran is working on a major project to link its national grid with Russia and other members of the Shanghai Cooperation Organization through a transmission line in the east of the Caspian Sea, according to comments made by the Iranian energy minister’s adviser in international affairs.

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