Author: BOLSHE>BRICS
Labubu has become China’s “soft power”.
Labubu is a toy with bunny-like ears, bulging eyes, and a smile full of sharp teeth. It was invented by Hong Kong-born designer and writer Kasing Lung. In 2015, influenced by Northern European mythology, he began writing “The Monsters”, a series of stories. In 2019, he signed an agreement with the Chinese company Pop Mart,…
Settlements in BRICS’ national currencies and BRICS Bridge / BRICS Clear
Large state-owned BRICS companies organized the new infrastructure: they were the first to begin paying directly in currency pairs such as yuan-rupee or ruble-rand, gradually drawing their counterparties into this scheme. Finally, banks gained a financial cushion: the Bank of Russia and the People’s Bank of China expanded ruble/yuan repo transactions and opened a five-year…
Programmers from Vietnam, India, and Cuba are rushing to Russia.
Russian companies have begun offering employment to Vietnamese programmers at salaries of 140,000 rubles in 2025, according to hh.ru. Experts believe that Vietnamese IT specialists are unlikely to compete with Russian ones. This isn’t just due to the latter’s creativity; those who perform simple tasks will be replaced by AI anyway. Russian companies have begun…
The Central Bank of Russia has defined rules for monitoring foreign economic activity transactions involving digital rights.
Foreign trade contracts that use digital rights for settlements must be registered with authorized banks, according to Russia’s Central Bank regulation. These rules currently apply to traditional payments. There are several types of digital rights. Some are digital financial assets, which are digital equivalents of shares, bonds, and other securities. For example, one company issues…
Possibility of using digital financial assets for cross-border settlements legalised in Russia
Amendments have been made to the Law on Currency Regulation and Currency Control, the Law on Digital Financial Assets and Digital Currency, the Law on Attracting Investments Using Investment Platforms, and the Law on Combating the Legalization (Laundering) of Proceeds from Crime. Digital financial assets (DFA) and utility digital rights (UDR) may be used as…
