Tax Rules for Foreign Rental Income and Currency Controls
The tax authorities in Russia classify foreign real estate owners who collect rent into foreign accounts as individuals engaged in…
Fuel Market Bots and Regulatory Oversight on SPIMEX: Impacts on Buyers and Prices
Fuel market participants in St. Petersburg have raised concerns about a sharp rise in the use of trading bots when buying fuel on the SPIMEX…
Bank of Russia Public Guidance on Banknotes and Fraud Awareness
The Bank of Russia has advised credit institutions to display information about banknotes, including updated versions, within their branches.…
Russia Creates New Dept for Africa Ties to Boost Trade and Investment
The Russian Ministry of Economic Development is establishing a new department dedicated to strengthening ties with African nations. This…
India Eyes Stable Oil Supply as Red Sea Tensions Persist
India reassures stable oil supply amid Red Sea tensions, eyes alternative routes if needed India does not foresee a threat to its oil imports…
Arrest in Moscow Ties Armenian Case to Oleyna Brand Ownership
In Moscow’s center, authorities detained Karen Vanetsyan, the owner of the Oleyna brand, who had been on Armenia’s wanted list. The…
Ukraine Faces Budget Risks as Western Aid Timing Shapes Fiscal Outlook
In Kiev, a member of Ukraine’s Verkhovna Rada warns that the country’s finances could tilt toward instability if Western support wanes.…
Russian consumer price trends and market signals in 2023
In 2023, the Russian consumer landscape showed notable shifts, with buckwheat and potato prices dropping more sharply than many other staples,…
BRICS Expansion: Saudi Arabia and Global Reactions
Global chatter about BRICS has intensified following new claims that Saudi Arabia joined the bloc on January 1. The statements originate from…
Reassessing Russia’s Hard-to-Recover Oil and TRIZ Innovation
It is noted that a substantial portion of Russia’s oil output stems from fields characterized by challenging to recover reserves,…