Russian Trade With China On Track To Surpass $200 Billion Milestone This Year
According to a new release of data by Chinese customs authorities, over the first ten months of the year, trade between Russia and China has surged by 27.7% year over…
China Sees First Deficit In Foreign Investment As West “De-Risks”
According to the latest balance of payments data, amid a wave of “de-risking” moves by Western governments, China marked its first-ever quarterly deficit in foreign direct investment (FDI), highlighting the…
Italian Trade Group Says Russian Sanctions Hurt EU, Accomplished Nothing
An Italian trade group is decrying the sanctions levied against Russia, saying it has hurt the economies of Europe more than it has harmed Russia. In an interview with Russian…
Thailand To Move Away From The Dollar, Use Local Currencies
The deputy governor for monetary stability of the Bank of Thailand, Alisara Mahasantana, has come out and said that the regulator fully supports the use of local currencies for settlement…
Polish Truckers To Block Border Crossing With Ukraine To Protest EU Rules Favoring Kiev
Polish truck drivers have announced that they will block three border crossings with Ukraine on Monday, in an effort to attract attention to the harm done to them by the…
Russian Forex Reserves Continue To Grow
This week the Russian central bank reported that the nation continued to increase its foreign currency reserves, which as of October 20th stood at $569.6 billion. The regulator noted that…
Trade Between Russia and China Heads For New Record
Ruslan Davydov, the acting head of Russia’s Federal Customs Service said in an interview with the business newspaper RBK on Wednesday that it appears the trade turnover between Russia and…
Russia Has Almost Completed De-Dollarization In Trade With China
On Friday, Russian Economic Development Minister Maksim Reshetnikov said the Russia has seen the share of ruble and yuan settlements in Russia’s foreign trade surge to almost 70% as Moscow…
Putin – BRICS Nations Now Bigger Than G7
On Monday, in an interview with the China Media Group, Russian President Vladimir Putin noted that the BRICS nations have surpassed the G7 states in terms of purchasing power parity…
Russia Offers Assistance to CIS In Moving From Dollar To National Currencies In International Trade
In order to prevent other countries from interfering in their national affairs, Russian President Vladimir Putin has urged members of the Commonwealth of Independent States (CIS) to rely more on…
