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USD/RUB 78.27
EUR/RUB 89.27
CNY/RUB 11.49
Bitcoin BTC $59294
Ethereum ETH $1600
Ripple XRP $1.05
Solana SOL $76.34
Cardano ADA $0.15

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"Three Keys to China": A practical conference of the Russian-Chinese Chamber on Settlements, Supply Chains and Business Relations with China will be held in Moscow on July 16-17

"Three Keys to China": A practical conference of the Russian-Chinese Chamber on Settlements, Supply Chains and Business Relations with China will be held in Moscow on July 16-17

On July 16-17, 2026, a practical conference on foreign economic activity with China "Three Keys to China: Settlements, Chains, Relations" will be held in Moscow, at the World Trade Center. The organizer is the Russian-Chinese Chamber for the Promotion of Trade in Machine-Technical and Innovative Products. The event's partners are the Russian Union of Industrialists and Entrepreneurs, the Moscow International Trade Center and Moscow Business Russia. The format is two days without water, five them

Customs and International Trade

NBK expands yuan REPOS — yuan will continue to grow in the medium term

NBK expands yuan REPOS — yuan will continue to grow in the medium term

The People's Bank of China plans to launch REPO operations with a certain set of securities for a period of 7 days, 1 month and 3 months in order to increase the liquidity of the international yuan market. The yuan is increasingly being used in international settlements, and other central banks are increasing the use of NBK swap lines. BKS Analysts: "We believe that the yuan's exchange rate will continue to rise in the medium term."

Cryptocurrency

The Brazilian real is weakening: inflation is 5.3%, the Central Bank is taking a break at the rate of 13.25%

The Brazilian real is weakening: inflation is 5.3%, the Central Bank is taking a break at the rate of 13.25%

Inflation in Brazil accelerated to 5.3% in May, above the Central Bank's target range of 4.5%. Brazil's central bank has taken a pause in rate cuts after the latest move to 13.25%. The Brazilian real continues to weaken against the dollar. For Russian companies conducting settlements with Brazil, this is a signal to review the currency component of contracts.

Currency

Putin at SPIEF: BRICS trade turnover exceeds $1 trillion

Putin at SPIEF: BRICS trade turnover exceeds $1 trillion

On June 5, at the SPIEF plenary session, Putin announced that the BRICS countries' trade turnover had exceeded $1 trillion. In 2018, at the same forum, he mentioned the figure of $125 billion. An eight-fold increase in eight years. Behind this figure is the infrastructure of settlements, logistics corridors and cooperation, which was built by specific companies. For Russian businesses trading with partners of the block, this is a direct context.

Economy

Russia expands CIPS: direct settlements with China without SWIFT

Russia expands CIPS: direct settlements with China without SWIFT

Russia is expanding its connection to CIPS, the Chinese interbank settlement system. A number of Russian second-tier banks have gained direct access to CIPS, bypassing correspondent chains through third countries. This reduces transaction costs, shortens deadlines, and reduces dependence on intermediaries in settlements with China. For companies trading with China, the practical expansion of operational payment channels.

Cryptocurrency

Roseximbank launches lending in yuan for foreign economic activity settlements

Roseximbank launches lending in yuan for foreign economic activity settlements

Roseximbank presented a comprehensive product for foreign economic activity settlements: lending in yuan, multicurrency settlement accounts in currencies of friendly countries, and support for foreign trade contracts. The product is aimed at companies trading with China, the EAEU countries and the Global South. For importers with a high proportion of Chinese supplies, it is an alternative to an expensive ruble loan with currency risks.

Currency

Crypta in the foreign economic activity: since July 1, bitcoin has been included in the register of the Central Bank

Crypta in the foreign economic activity: since July 1, bitcoin has been included in the register of the Central Bank

Starting from July 1, 2026, cryptocurrency transactions in Russia will be legalized through the Central Bank's registry. VAT on operations involving the sale of cryptocurrencies has been canceled since April 1. Bitcoin is fixed as a working tool for settlements with foreign partners under an experimental legal regime. Russia is officially one of the top 2 mining powers in the world, and is now building a legal infrastructure for using the mined assets in foreign trade.

Cryptocurrency

Brazil Tightens Crypto Regulation and Tests Digital Real

Brazil Tightens Crypto Regulation and Tests Digital Real

Brazil is one of the top 3 countries in the world in terms of the number of cryptocurrency users and ranks second among Latin American countries in terms of the volume of the crypto market. In 2026, the Central Bank tightened the requirements for crypto platforms and simultaneously launched testing of the digital real — CBDC. For Russian companies considering crypto settlements with Brazil, this is the moment when they need to understand the new rules.

Cryptocurrency

Russia and Brazil are looking for settlements bypassing the dollar

Russia and Brazil are looking for settlements bypassing the dollar

Among the priority topics at KAZANFORUM 2026 is the development of settlement mechanisms in national currencies with BRICS partners, including Brazil. So far, it sounds like a negotiating agenda, not a working system. But over the past year, the gap between the declaration and practice has noticeably narrowed: several BRICS countries are already testing trade settlements in rubles and national currencies.

Currency

The United States has hit Iran's payment networks — risks for settlements through the UAE and Turkey

The United States has hit Iran's payment networks — risks for settlements through the UAE and Turkey

The United States has imposed another package of sanctions against financial intermediaries through which Iran conducts international settlements, bypassing restrictions. Structures in the UAE, Turkey, Iraq and a number of Asian jurisdictions were hit. For Russian businesses using the same intermediaries to settle accounts with partners in the region, this is a direct signal to immediately check the counterparties on the sanctions lists.

Customs and International Trade

85% of Russia's trade is in rubles and BRICS currencies. The dollar and the euro are completely gone

85% of Russia's trade is in rubles and BRICS currencies. The dollar and the euro are completely gone

By the end of 2025, 85% of Russia's foreign trade is serviced by rubles or the currencies of the BRICS countries. This was stated by Deputy Head of the Presidential Administration Maxim Oreshkin at the II Open Dialogue "The Future of the World". For comparison, in 2021, three quarters of Russia's foreign trade turnover took place in G7 currencies. Now their share is zero.

Currency

The BRICS NBR is betting on the yuan: cheap money for the Global South

The BRICS NBR is betting on the yuan: cheap money for the Global South

The New BRICS Development Bank has declared the Chinese bond market one of the most profitable sources of financing in the world. According to the bank's director of treasury, Zhongxia Jin, the yuan is becoming not just an alternative to the dollar, but a "key pillar of the global financial architecture." For the countries of the Global South — and for Russian businesses — this changes the logic of international settlements.

Economy

Can BRICS replace the petrodollar: Brazil's role

Can BRICS replace the petrodollar: Brazil's role

BRICS is discussing the replacement of the petrodollar as a settlement currency in international trade. At the center of this discussion is Brazil with its digital currency DREX, the status of the largest agricultural exporter in the bloc, and growing trade with India and China. For Russian businesses working with Brazil, the topic goes beyond the realm of theory.

Economy

Russia and Iran aim for $30 billion trade turnover

Russia and Iran aim for $30 billion trade turnover

Moscow and Tehran have set a trade turnover target of $30 billion, linking it to a roadmap for cooperation and the role of regional business. For freight transportation, this is a signal of increased demand for South–North corridors, multimodal schemes and infrastructure in consolidation hubs, where timing, insurance and settlements are important.

Cargo transportation

The ruble took 54% of the payments for imports from Asia

The ruble took 54% of the payments for imports from Asia

Calculations in rubles for imports from Asian countries reached a maximum of 54% in February. At the same time, the share of the ruble in export payments in the Asian direction also increased. The trend is increasing demand for ruble liquidity and changing approaches to hedging, contracts and payment routes for foreign economic activity.

Currency

Mastercard has gathered 85 crypto partners to Speed up payments

Mastercard has gathered 85 crypto partners to Speed up payments

Mastercard is expanding its work with digital assets and launching a global Crypto Partner Program. The project includes more than 85 companies from the crypto industry, fintech and banking sectors. The goal of the program is to accelerate the implementation of on-chain tools in real payment scenarios: cross-border transfers, B2B settlements and mass payments.

Cryptocurrency

BUSINESS BREAKFAST 2026 - the first closed strategic session of Deliver-2

BUSINESS BREAKFAST 2026 - the first closed strategic session of Deliver-2

In March, a closed meeting will be held in Moscow for owners and managers of companies that work with imports and international settlements. The focus is on tax discipline in foreign economic activity, VAT on imports, financial architecture and personal responsibility of the owner. The format is designed for practical case studies and guided work in small groups.

Customs and International Trade

BRICS accelerates payment infrastructure: what will change in import payments

BRICS accelerates payment infrastructure: what will change in import payments

Following the BRICS sherpa/su-sherpa meeting in New Delhi on February 9-10, the Russian Foreign Ministry announced the need to create a cross-border payment, settlement, depository and reinsurance infrastructure for the association, as well as to develop a new investment platform and Grain Exchange. For foreign economic activity, this is primarily about the stability of settlements and the reduction of "friction" in international payments, which directly affects the timing of shipment, the cost

Economy

Putin and the UAE leader in the Kremlin: Iran, Ukraine and trade — what it means for foreign economic activity and logistics

Putin and the UAE leader in the Kremlin: Iran, Ukraine and trade — what it means for foreign economic activity and logistics

The talks between Russia and the UAE in the Kremlin on January 29 became a conversation not only about politics, but also about the risks that directly affect foreign economic activity. The agenda includes the escalation around Iran, diplomatic efforts in Ukraine and the development of trade and investment cooperation. For logistics, this means one thing: the Middle East is becoming a key hub for routes and settlements, and the cost of errors in compliance and insurance will increase.

Policy

BRICS prepares a "bundle" of digital currencies: India promotes CBDC payments for trade and tourism by the 2026 summit

BRICS prepares a "bundle" of digital currencies: India promotes CBDC payments for trade and tourism by the 2026 summit

The BRICS are discussing the creation of a single payment system based on central bank digital currencies (CBDCs): India is promoting the idea of "linking" national CBDCs for trade and tourism settlements and may take the initiative to the BRICS 2026 summit. This is not a "single currency", but new payment "rails" that will potentially speed up transfers and reduce fees. We analyze the benefits for foreign economic activity and barriers — from interoperability to compliance and clearing.

Currency

Articles

Financial calculations in foreign economic activity: why the old rules no longer work and what replaced them

Financial calculations in foreign economic activity: why the old rules no longer work and what replaced them

The usual methods of international settlements in foreign economic activity no longer work. SWIFT and the dollar are no longer reliable instruments, and payments get stuck for weeks. What replaced them? We're looking into why simple solutions like replacing the dollar with the yuan or switching to crypto haven't become a panacea, and what the new, flexible cross-border payment system that businesses will have to live with looks like.

Customs and International Trade