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March 14, 2022 by Russia Briefing

Unblocking Caucasus Transport Corridors Between Russia & Azerbaijan

Russian Deputy Prime Minister Alexei Overchuk has stated at the “Current state and prospects of Russian-Azerbaijani relations in the context of integrated processes” conference in Baku, that active work is now underway to unblock transport communications in the South Caucasus.
March 14, 2022 by Russia Briefing

Inconsistent Sanctions Legislation Affecting Legitimate Russian Oligarchs & Businesses Will Find Their Way To International Courts & Tribunals

There may be avenues open for impacted individuals and companies to reclaim and unfreeze assets, while the West is embarking on a dangerous slippery slope in terms of placing possibility over actuality when imposing legally endorsed punishments. by Chris Devonshire-Ellis Pity the poor Russian Oligarchs. Deprived of years of living it up in the highlife,[…..]
March 14, 2022 by Russia Briefing

Russian Bank Begins To Offer Chinese RMB Deposit Accounts With 8% Interest

Russia’s state-run VTB Bank, which is now under US sanctions, has offered its clients the opportunity to open Chinese yuan savings accounts that stipulate a maximum interest rate of 8%. VTB said in a statement that “in light of the rising dollar and euro exchange rates, many clients are showing interest in investing in other[…..]
March 11, 2022 by Russia Briefing

Revised Russia GDP And 2022 Economic Forecast

Russian economists provide an update for Russia in light of current sanctions and financial stresses. The takeaway: A harsh global recession is imminent. The Russian economic magazine ‘The Bell’ has released a new update for Russian economic prospects for 2022. The original text is in Russian and may be viewed here. We provide[…..]
March 10, 2022 by Russia Briefing

Russian Sanctions Impact Stock Market Valuations Rise In Asian Markets

Chinese and Central Asian Stock Markets are showing high growth activities in certain areas as investors pile into Russian and Southern Corridor supply chains, with stocks doubling in a few days in certain cases. Ports, logistics and transportation sectors are all sought after. With sanctions on Russia having a crippling effect on the economy[…..]
March 8, 2022 by Russia Briefing

Putin Signs Russian Anti-Crisis Domestic Economic Package

Support for businesses, the retired, students, pharmaceuticals and asset valuations Russian President Vladimir Putin has signed a bill providing numerous economic and social support measures amid international sanctions into law.
March 8, 2022 by Russia Briefing

Russia Examines Legal Protocols For Seizure Of Foreign Assets

Foreign companies exiting Russia could have assets auctioned off or placed under Russian administration Russian First Deputy Prime Minister Andrei Belousov has held discussions with representatives of entrepreneurs and Business Russia, at which he announced the preparation of a decree by the President of Russia on temporary restrictions on the exit of foreign businesses from[…..]
March 7, 2022 by Russia Briefing

Russia Publishes List of ‘Unfriendly Countries’ – Has Foreign Remittance Implications

The Russian Government has approved on Monday a list of foreign states and territories that are deemed to have committed unfriendly actions against Russia, its companies, and citizens. The list includes the United States and Canada, all of the European Union states, the United Kingdom, (including Jersey, Anguilla, the British Virgin Islands, Gibraltar), Ukraine, Montenegro,[…..]
March 6, 2022 by Russia Briefing

India And Pakistan Look To Enhance Russia Trade Despite The West’s Sanctions

Ignoring what in Asia is generally seen as a US / European conflict, both India and Pakistan are finding ways to develop bilateral trade with Russia. Both are keen to continue Free Trade negotiations with the Eurasian Economic Union, which includes Russia as well as Armenia, Belarus, Kazakhstan, and Kyrgyzstan. India is actively looking at[…..]
March 3, 2022 by Russia Briefing

Central Asia To Benefit As Sanctions Force Russian Manufacturers To Relocate

by Chris Devonshire-Ellis The CIS and EAEU countries could soon be receiving a new wave of Russian manufacturing investment Sanctions and tariff wars always result in the movement of cross-border businesses, most recently seen with China during the US trade war -the imposition of increased tariffs motivating many Chinese and other international investors based in[…..]