Raiffeisen Halts Sale of Russian Subsidiary Amid Easing US Stance
The Western bank faced pressure to exit the business, but the withdrawal was complicated by a legal process.
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Russian Ruble Defies Global Trends to Become World’s Top Performing Currency
The Russian ruble has unexpectedly become the world’s best-performing currency in 2025, surpassing even the traditional safe haven — gold.
China Hits Back Hard: Tariffs on U.S. Imports Raised to 125% in Escalating Trade War
The Chinese Ministry of Finance stated that the new tariff rates, an increase from the previous 84%, would come into effect on April 12.
Russia’s Gold Vanishes: Banks’ Stockpiles Plunge Amid War Cash Crunch
Russian banks have experienced a dramatic decline in their physical gold reserves, which now stand at a mere 38 tonnes.
Russia’s Oil and Gas Budget Revenues Stay Elevated in January 2025
Russia recorded near-record oil and gas revenues in January 2025, defying the impact of new sanctions and rising shipping costs.
Chinese Startup DeepSeek: A Shock for Silicon Valley and a New Era of AI
Silicon Valley’s tech giants now find themselves in a situation where old approaches are no longer working, and China is rewriting the rules.
Russia’s Oil Exports to India and China Face Sharp Decline as Freight Costs Soar
“Rouble faces pressure as Russia’s trade surplus shrinks, traders warn via Reuters.”
Russian Central Bank Faces Scrutiny Over Capital Outflows
According to sources, the country’s security services are leading the probe amidst growing concerns over substantial capital outflows.
Russian Oil Exports Decline by 2.2% in 2024
Among Russia’s leading oil producers, Tatneft faced the steepest reduction, with export volumes falling by 7.5% to 7.98 million tons.
Syrian Port of Tartus: Russian Investments, Failures, and New Realities
Syria’s $500M deal with Russia’s Stroytransgaz to modernize Tartus port failed by 2024, ending amid economic and geopolitical challenges.
Russian Balance of Payments Analysis for 2024
Preliminary data for 2024 indicates a relatively stable current account surplus (CA) for the full year but reveals a negative trend in the second half.
Russia’s Central Bank Considers Rate Hike Amid Inflation Concerns
The CBR’s rationale for advocating a rate hike is rooted in accelerated price growth observed in December.
Russian Exporters Face Mounting Challenges in Repatriating Foreign Revenue Amid New US Sanctions
The November sanctions package has exacerbated delays in transactions, account freezes abroad, and the rising cost of cross-border operations.
