Cryptopolitan 2025-06-19 20:25:53

Russia's Sberbank see 50% increase in new accounts opened for Chinese businesses

Alexander Vedyakhin, the First Deputy CEO of Sberbank, Russia’s largest lender, has announced that the number of Chinese small and medium-sized businesses opening bank accounts has risen by 50% in the past year. The Russian bank Sberbank has an office in China and has opened a center in Vladivostok, a port city in Russia’s far eastern region. This is all to help Russian and Chinese businesses do more business with each other. In addition, at the St. Petersburg International Economic Forum, Alexander Vedyakhin said that a Chinese-language course on how to start a business in Russia that Sberbank made has also helped to bring in Chinese companies. Besides Syberbank, Russia’s second-largest bank, VTB, said its Shanghai branch had grown into a fully-fledged bank, expanding its customer base. On the other hand, the US is losing investors because of Trump’s tariffs. Several of them have gone as far as moving their assets from US companies. The UN gives a different outlook from Syberbank Trade between Russia and China has soared since Western countries shunned Moscow over the conflict in Ukraine. Based on Chinese customs data, its record saw a rise to 1.74 trillion yuan ($239 billion) last year. However, the UN data published on Thursday shows that foreign direct investment into Russia has fallen sharply to $3.3 billion in 2024, the lowest amount since 2001. The numbers were released at Russia’s most important economic event, the St. Petersburg International Economic Forum. They show that investment dropped by 62.8% between 2023 and 2024 and by 50% from 2021, the year before the war, when Russia drew $38.8 billion. In addition, the Central Bank says that foreign investment in Russia’s non-financial areas has dropped by 57% in the last three years. FDI dropped from $497.7 billion at the beginning of 2022 to $216 billion in January 2025, the lowest amount since 2009. Sergei Aleksashenko, a former deputy governor of the Russian Central Bank, said that even if the war ended tomorrow, few serious companies would still want to invest in Russia because of the political risks. The UNCTAD report also talks about the sharp drop in 2022, when foreign companies took out a net of $15.2 billion. This was because they had to quickly send their money back to their countries after Russia invaded Ukraine, and harsh international sanctions were put in place. The Russian economy is slowing down- Syberbank Alexander Vedyakhin, First Deputy CEO of Sberbank, Russia’s biggest bank, said that the Russian economy could slow down excessively due to high interest rates and may face difficulties returning to a growth path. “There is a danger of the economy overcooling and that we may not be able to come out of this slump, and further growth could be very restrained,” Vedyakhin said. Vedyakhin projected a growth rate of 1% and 2% in 2025, below the government’s more optimistic projection of 2.5%. “The wisdom and sensitivity of the regulator and all economic and financial authorities are required to stop inflation and prevent such a sharp decline in production,” Vedyakhin added. Netizens were not as excited to learn of the trade relationship between Russia and China. One said that a growing relationship between the two countries would not benefit world peace. However, it is too late to say that. President Vladimir Putin said Russia and China plan to hold military exercises this year. This is part of their plan to work together on several strategic problems. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

La maggior parte ha letto le notizie

TON Breaks $3 Barrier Amid Surging Volume, Ri...
2025-06-20
Kraken’s Babylon Integration Brings BTC Yield...
2025-06-20
Texas Sheriff Breaks Open Crypto ATM, Seizes...
2025-06-20
XRP Case Update: SEC Makes Ripple Ask for Mor...
2025-06-20
Pump.fun’s $4b token launch postponed again a...
2025-06-20
373,852 XRP Stolen from Iran’s Largest Exchan...
2025-06-20
$8,000 Disappears From a Couple’s Wells Fargo...
2025-06-20
Alarming Doubts: Bank of England’s Andrew Bai...
2025-06-20

Notizie correlate

Weekly Crypto Regulation News Roundup: U.S. Senate...
20 Jun 2025
Everything Blockchain Unleashes $10M Investment in...
20 Jun 2025
Experts Anticipate Crypto Market Breakthroughs wit...
20 Jun 2025
Middle East Tensions Are Making Markets Uneasy, Ac...
20 Jun 2025
USDC Issuer Circle Spikes After Wall Street Firm I...
20 Jun 2025
Institutional DeFi: Blockdaemon Unlocks Secure Cry...
20 Jun 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta