Russia boosted gold imports to Hong Kong 42% year-on-year to 92.1 tonnes and double in value to HK$82 billion (US$10.5 billion) in 2025, according to data from the Bureau of Statistics of the Hong Kong Special Administrative Region of China. Chinese customs data indicate that gold imports from Russia to mainland China jumped 15-fold to […]
Zimbabwe is intensifying efforts to secure BRICS membership as part of a strategy to broaden its international partnerships and strengthen its economic position, according to Amon Murwira, Zimbabwe’s Foreign Affairs and International Trade Minister. He said that Harare has approached BRICS member countries to push for quicker admission into the bloc, stating “Zimbabwe is ready […]
Sergei Shishkarev, chairman of the board of directors at Russia’s Delo Group, has announced the concept of establishing a grain hub in Oman. He stated that “We are looking into establishing a grain transshipment hub, possibly for processing, or to conduct trading operations in the Sultanate of Oman, followed by redistribution and delivery of the […]
The Russian and Chinese defense ministers have held a videoconference, with Russian Defense Minister Andrei Belousov saying on Tuesday (January 27) that Russia is ready to strengthen practical cooperation with the Chinese military. Belousov and Chinese Defense Minister Dong Jun held talks to deepen practical cooperation in such areas as joint actions and personnel training. […]
The Venezuelan President, Nicolas Maduro, has said that he will have a meeting with Russian State Duma (lower house) Speaker Vyacheslav Volodin who presented Moscow during Friday’s (January 10) inauguration ceremony of the Venezuelan leader. Maduro stated “I have a meeting with Russian President Putin’s special envoy planned” at a rally supporting his inauguration as […]
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Belgrade is ready to purchase Russia’s share in the Naftna Industrija Srbije (NIS), a key energy company in Serbia, in the wake of looming US sanctions against it, the Serbian President Aleksandar Vucic has stated. Washington threatened to impose sanctions against NIS over Russian ownership. Russia provides about 15% of Serbia’s total energy needs. Vucic […]
The Deputy Prime Ministers of Russia and Armenia – Alexei Overchuk and Mher Grigorian, have highlighted the continuing rapid growth of Russian-Armenian trade during the Russian-Armenian intergovernmental commission on economic cooperation meeting in Moscow on Friday (December 20). Overchuk said “Our trade and economic relations continue to be on the rise. I can say that […]
A cross-border trade center will be created at the Kazakhstan-Russia border, as announced during a meeting between Kanat Khasenov, the Consul General of Kazakhstan in Astrakhan, and Igor Babushkin, the Governor of Russia’s Astrakhan region. Babushkin noted that the Republic of Kazakhstan is one of the main partners of Russia’s Astrakhan Oblast (Province) with strong […]
The out-going US President, Joe Biden, gave a speech to the United Nations General Assembly yesterday (September 24) in which he stated that “The good news is Putin’s war has failed at his core aim” and then went on to list achievements, mainly as regards the expansion of NATO and the fact that Ukraine remains a […]
Money Can’t Buy Me Love, but Diamonds Are Forever Russia has imported a significant quantity of diamonds from China for the first time, with 35,000 carats of the gems, worth more than US$12 million, imported last month, based on Chinese customs data. Both countries had stated that barter could be used to settle trade transactions […]
The Moscow Stock Exchange (MOEX) has begun trading in cocoa futures contracts, with trading and settlements conducted in Russian Rubles. The cocoa trade desk began operating yesterday (September 24) and reflects an international demand for the product, reflecting the dynamics of the price of cocoa beans supplied from countries in Africa, Asia, and Central and […]
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