By the end of 2025, the first branch of a Russian bank will open in the capital of Iran, Tehran. VTB will transform its representative office in Iran into a branch. It will support foreign economic activity for Russian and Iranian companies.
Russian financial group Finam may soon enter the Kazakhstani financial market, as the trader is already in talks to buy a brokerage company in Kazakhstan.
Trade turnover between Russia and Azerbaijan for 6 months increased by 0.15%. It is more than in 2023. Azerbaijan's exports amounted to more than $556 million.
The Banks Association of Türkiye received information and notified its member banks about the problems of exporters regarding payments with Russia
The vast majority of Russian banks are under British sanctions, the kingdom's government department reports. Restrictive measures also concern the Central Bank of the Russian Federation and the Ministry of Finance.
Russia and Georgia have increased trade by almost a quarter since the beginning of 2023. The export of Georgian goods to Russia has also grown by more than 25%, Georgia supplies water, wine and cars. Russia sells oil, gas and flour.
Tatneft has acquired a large network of filling stations in Türkiye
According to the USA, the Russian economy will grow faster than the British economy or German. Anti-Russian sanctions have done much more damage to the West, this is their greatest miscalculation.
Turkish President Recep Tayyip Erdogan, in an interview with reporters, spoke about the talks with Russian leader Vladimir Putin, which took place in Sochi. He noted that the parties reached an agreement on the start of the transition …
Commercial bank Bank Melli Iran has signed cooperation agreements with Russia's Sberbank, Iranian Press TV reported. It is noted that the memorandum was signed by the CEO of Bank Melli Iran Mohammad Reza Farzin, who is on a visit to …
Iranian Ambassador to Russia Kazem Jalali said that Tehran is discussing with Moscow the Mir payment system recognition. "This issue is on the agenda, which we are discussing with our Russian colleagues," RIA Novosti quoted …
Western countries have agreed to disconnect Russia from the interbank system for transferring information and payments SWIFT. At the first stage, only banks under new Western sanctions will be disconnected from the system, including Sberbank, …
Russians receive low pensions and salaries, which is why the country’s GDP will not grow,” Russian and Azerbaijani businessman, president and owner of the Crocus Group Aras Agalarov said. An increase of the …
The authorities of the Vladimir region intend to initiate the introduction of a tourist fee in Suzdal, regional head Vladimir Sipagin said at the St. Petersburg International Economic Forum (SPIEF). “In five years, Suzdal …
The Council of the Association of Russian Banks (ARB) has approved applications for withdrawal from the association of Sberbank, VTB, VTB 24, Gazprombank, Rosselkhozbank, Bank Otkrytie, Alfa Bank, Binbank and BM Bank. ”The representatives …
The project of issuing "people's" OFZ bonds, announced by Russia's Ministry of Finance on Monday, raises a lot of questions and looks fishy rather than appealing for the public, economists Sergey Hestanov and …
Inflation in Russia is now more likely to hit the Central Bank's target of 4% in 2017 than it was previously expected, the Russian Deputy Finance Minister Maxim Oreshkin said. He also said that inflation …
Today, Russian Prime Minister Dmitry Medvedev urged fellow party members and the opposition to not offer electorate unrealistic dreams in order to attract their votes in the elections, stressing that no government would increase …
