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.
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,[…..]
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[…..]
  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[…..]
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. Â With sanctions on Russia having a crippling effect on the economy[…..]
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.
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[…..]
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,[…..]
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[…..]
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[…..]