By Chris Devonshire-Ellis Russia has been making trade and investment decisions that affect both corporate businesses and individuals based upon a new nationally defined category of country of origin – the ‘unfriendly countries’ list. These are essentially countries whose governments have been perceived by Moscow to have taken ‘unfriendly’ positions against Russia, including the imposition[…..]
Bilateral trade up 16.4% in 2022 By Emil Avdaliani Relations between Russia and South Africa have been expanding with trade and investments potential growing exponentially. The trends were observable well before the start of the Ukraine conflict in 2021 and when the West imposed heavy sanctions on Russia. Yet after February 2022 the process significantly[…..]
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[…..]