... the issue of financial settlements is directly related to national security. First and foremost, this relates to Russia, against which a significant amount of financial and trade sanctions have been imposed by the United States and its allies. It is Russia today that is most interested in diversifying global finance. Long-term stakeholders include China. So far, sanctions against China are incomparable with restrictions against Russia. In addition, we are talking mainly about American export controls in the field of high technology, and not about financial ...
... effect of higher taxes, pandemic-related effects and rouble weakness on consumer sentiment could prove palpable.
The drivers for Russia’s growth, most notably consumption and investment, face headwinds and uncertainties in the post-Covid setting. On the ... ... projects, which were to serve as the main platform for infrastructure and industrial development in which private sector was to co-finance projects with the funding from the federal and regional budgets. On the consumer side, the detrimental effects on consumer ...
On February 26, 2020, Financial Research Institute of the Ministry of Finance of the Russian Federation (FRI) held a round table discussion on sanctions against Russia: risk structure and countermeasures
On February 26, 2020, Financial Research Institute of the Ministry of Finance of the Russian Federation (FRI) held a round table discussion ...
... bank payment system and financial information exchange system) could tide it over the U.S. sanctions. However, the situation in Venezuela continued to deteriorate in January 2019 [
22
]. On March 11, the U.S. Treasury
imposed
unilateral sanctions on Russia’s Evrofinance Mosnarbank for its support for Maduro and Venezuela's state-owned petroleum corporation PDVSA. The sanction prohibits the bank’s transactions with the U.S. citizens or within the United States. On March 13, Visa and MasterCard revoked the membership ...
... called R6 or
Robust, Resolve, Relay or Reform
?
Establishing a new currency purpose oriented for trade among these six economies is long overdue. The Sr. Management of NDB can easily expand the remit of the bank by entering trade finance and project finance between these six countries alone. The bank could ask its shareholders to deploy and commit some of their gold reserves (abundant resources and gold mines in Russia, Iran, and South Africa) to this new currency to accelerate its credibility and uptake among these six countries.
Lora Chkoniya:
Fighting the Trend: How Africa is Uniting Amidst the Global Retreat from Multilateralism
Iran would sell oil in Resolve ...
On February 2, 2018, representatives of Scandinavian investment foundations, banks, and economic consulting companies (Skandia, DNB Markets, Alecta, SEK, Kammarkollegiet, AP3, Afa försäkringar) visited Russian International Affairs Council.
On February 2, 2018, representatives of Scandinavian investment foundations, banks, and economic consulting companies (Skandia, DNB Markets, Alecta, SEK, Kammarkollegiet, AP3, Afa försäkringar) visited Russian ...
... (million dollars in today’s prices)
Country
2008
2009
2010
2011
2012
2013
Source
Brazil
336,8
362,2
–
–
–
–
Brazilian Cooperation Agency (ABC)
China
1807,57
1947,65
2010,61
2841,4
–
–
Fiscal Year Book, Ministry of Finance of the People’s Republic of China
India
609,5
488,0
639,1
789,8
–
–
Annual Reports, Ministry of External Affairs, Government of India
Russia
220
789
472
514
465
609,6
OECD Development Assistance Committee, Rossotrudnichestvo
South Africa
89,2
119,5
98,4
160,5
151,9
156,7
Estimates of National Expenditure, National Treasury of South Africa
Source
:
OECD DAC
. Statistics on Resource ...
... financial system (the political version):
The idea of challenging the hegemony of the United States was originally attributed to Russia. Moscow became the catalyst for the formation of the BRIC community towards the end of the 2000s. But now it is China that ... ... concentrated expression of accumulated state power. This is why the negative effects of unipolarity are valid for the world of finance as well. Establishing economic multi-polarity should be accompanied by a more complicated monetary and financial architecture ...
Working Paper 20/2015
This Working Paper was prepared as part of a research project concerning the development of strategic partnership and constructive cooperation between Russia and China carried out by the Russian International Affairs Council (RIAC).
The authors present the results of a comprehensive review of Russian–Chinese trade, economic, financial and cross-border relations, analyse the impact of strengthening ...
The Russian Central Bank has pursued a fairly tight monetary policy over the past three years, holding the base rate high at 8.25 percent in an effort to curb inflation. That was a vital objective. Unlike most Western economies, Russia faced a serious risk ...
