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By Rhod Mackenzie

Last year alone, trillions of roubles were brought back to Russia by representatives of the richest class of Russian citizens. They used to believe that it was more profitable to keep money in foreign accounts, but now they take the opposite position. What has happened, and what...

By Rhod Mackenzie

Trade between India and Russia reached a record $54.7 billion. The majority of this volume comes from Russian exports. As a result, the Russian Federation has accumulated rupees, which are difficult to convert. The solution to this problem is increasingly being cited as reinvestm...

By Rhod Mackenzie

The Indian rupee begins trading on Thursday, February 1, with a slight decline against the American currency - by 0.08%, to 82.97 per dollar. Overall, the pair has traded around 83 per dollar since mid-January, slightly weaker than its four-month high of 82.8 reached on January 1...

By Rhod Mackenzie

The share of settlements between Russia and the BRICS countries in national currencies in 2024 will most likely remain at the level of 85%, but there is also the possibility of a slight increase, Maxim Markov commented to RIA Novosti, he is an Associate Professor of the Departme...

By Rhod Mackenzie

The Russian bank VTB published figures regarding their sales of gold ingots to individual customers. It appears that Russians are still keen to buy gold, and this autumn the demand has gone up. What is the reason behind this sudden craze for gold and what other ways are there to...

By Rhod Mackenzie

Russia has amassed “billions” of rupees with restricted convertibility through trading with India. However, as Indian exports to Russia are ten times less than their imports, these rupees cannot be utilised. In response, partners suggest investing them in local corporate bonds....