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The Russian Export Center ready to test transactions in cryptocurrency

The Russian Export Center, which fell under sanctions, is considering the possibility of making payments in cryptocurrencies. This was announced at SPIEF by its...

Russian Academy of Sciences commented on exchange rate dynamics

The higher exchange rate of the ruble is useful for curbing inflation, but it negatively affects the export revenues of the state budget and...

EAEU to negotiate free trade opportunitites with Indonesia

The Eurasian Economic Union (EAEU) will start negotiations on a free trade regime with Indonesia. The decision was made at the summit of the...

Stronger ruble makes exports from Russia less competitive abroad

The government is gradually lifting restrictions in the financial sector, since the too high exchange rate of the ruble makes Russian products uncompetitive on...

Entry restriction for EU cargo carriers is considered similar to the Belarusian scenario

The Ministry of Industry and Trade of Russia supports the idea of ​​restricting entry for EU cargo carriers, similar to the Belarusian scenario, with...

Mandatory sale of exporters’ foreign exchange earnings reduced to 50%

The government commission has reduced the requirement for the mandatory sale of exporters' foreign exchange earnings from 80% to 50%, the Finance Ministry said....

Logistical issues to be solved in a new way while turning trade towards Asia

To successfully turn foreign trade towards Asia, Russia needs to solve logistical issues in a new way when developing trade processes, said the head...

Russia’s WTO participation strategy to be revised

The Russian authorities shall conduct a comprehensive assessment of the sanctions imposed this year by the member countries of the World Trade Organization for...

Uzbekistan switched to the Russian analogue of SWIFT

The National Bank of Uzbekistan switched to the financial messaging system of the Bank of Russia for mutual transactions, as an analogue of SWIFT....

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