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    Sberbank In Discussions For China Banking Operational License

    Would ease transactional difficulties for Russian investors in China Russia’s Sberbank plans to open a branch in China in addition to a representative office, and is negotiating with the local regulator, the bank has said. “We are working our way in with the People’s Bank of China,” Alexander Vedyakhin, first deputy chairman of the Sberbank[…..]

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    Russia’s Seafood Exports To China Up 51% In 2022

    Russia’s total seafood exports to China have reached 430,000 metric tons as of Nov. 1 since the beginning of 2022, or up 51% year-on-year, according to Rosrybolovstvo, Russia’s Federal Fishery Agency.

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    Russia Is Getting Close To Replacing Its Entire EU 2021 Trade Volumes In Developing Markets

    Examining Russia’s multilateral trade growth in 2022   By Chris Devonshire-Ellis   Russia’s bilateral trade with the European Union in 2021 reached €257 billion, with €158 billion of those being Russian exports to the bloc. With the Euro now at parity with the US dollar, the amounts traded can now be considered the same. But[…..]

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    Russia’s Pro-Investment Policies, Post-Ukraine Conflict

    Russia’s manufacturing PMI is at 52% while the Eurozone is in recession. Moscow’s planning ahead is narrowing the development gap. Russia has begun planning for business development and attracting foreign investment in the period following an end to the current Ukraine conflict, with Russian President Vladimir Putin making it clear that he does not intend[…..]

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    Russia-Iraqi Trade Up 40% In 2022

    The trade volumes may be relatively small in the larger scheme of things, however the total trade income between Russia and Iraq in the eight months January and August 2022 reached US$313.1 million, against a 2021 total of US$282.7 million. That represents a rough 40% increase if taken over the year. Ilya Lobov, a commercial[…..]

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    Russia To Develop Eight Eco-Industrial Parks

    Will process and return recycled waste back into the economy  The Russian government has allocated 9.4 billion Rubles (US$152 million) for the construction of eight eco-industrial parks by 2024, according to Denis Butsayev, the CEO of Russian Ecological Operator (REO), said on Wednesday (November 2). That statement follows a resolution signed by Prime Minister Mikhail[…..]

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    Russia-Turkiye Bilateral Trade Up 198%

    Turkiye has registered a 198% trade volume increase with Russia since the beginning of the year, second only to India, according to the Observatory of Economic Complexity, (OEC) an online data platform.

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    Russian Banks May Start Offering Interest Bearing Deposit Accounts In Asian Currencies From April 2023

    Chinese Yuan, Hong Kong Dollars, Indian Rupees, UAE Dirhams, Turkish Lira, Kazak Tenge and others all set to be part of interest bearing accounts in Russia Russia’s Central Bank is considering the lowering of required reserve requirements for deposits in Asian currencies, and may enact this from April 1, 2023. At present, such accounts may[…..]

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    Joint Azerbaijan, Iranian Logistics Operator Proposed For Western INSTC Routes To Russia And Europe

    Russia, a key stakeholder along with Iran and India in developing the International North-South Transportation Corridor (INSTC), has has invited Azerbaijan and Iran to jointly create a logistics operator for the western route of the International North-South Transport Corridor (INSTC).

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    Putin’s Valdai Discussion Club Speech

    Western hegemony should be replaced with an actual order respectful of all, the Russian leader said  The world is entering a decade of tumult as the pursuit of a more just world order clashes with the arbitrary hegemony of the collective West, Russian President Vladimir Putin said on Thursday, addressing the annual meeting of the[…..]

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