Russian President Putin has signed into law the Russian cryptocurrency usage bill. Trading is permitted but not payment for goods or services in Russia. We examine the implications for Russia’s foreign trade and other financial settlement developments.
Pakistan’s Ambassador to Russia, Faisal Niaz Tirmizi, has said that Pakistan will complete a Free Trade Agreement with the Eurasian Economic Union anytime within the next two years. We provide a breakdown of Pakistan’s current trade with the EAEU countries.
The European Union imported a new record high of LNG volumes from Russia in July. We examine the reasons why and what this is likely to mean for the EU’s sanctions policy as it is squeezed by supply chain problems in the Persian Gulf.
Russia’s Berezovsky city, in Siberia, is developing a new freight and logistics centre to link with the eastern INSTC and better connection with markets in India and Iran. It offers opportunities to increase trade in both directions and includes Russia’s third largest city as a potential market.
The OPEC Plus Alliance, which includes Russia, is to increase oil production from next month and is negotiating output for 2027. Disruptions caused by conflicts, sanctions and tariff threats have destabilised the market amid increasing energy demand. We also discuss what this means for Europe.
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India imported a new record amount of Russian crude oil in July, defying US sanctions and tariffs threats. The United States has threatened 100% tariffs on imports from countries buying Russian oil, but the strategic and economic dynamics suggest this is unlikely to happen. We examine why.
Russia and Brazil are looking at expanding their maritime logistics capabilities as trade increases. Brazil especially is interested in closing the 90-10% trade gap between the two countries and wants to develop its exports sector to the Russian market.
Russia’s MC-21-310 aircraft, built using entirely Russian-made components, has taken to the skies for the first time, the state-run Joint Aviation Corporation (OAK) has said. The development of the aircraft renders Western aviation sanctions against Russia increasingly redundant and has instead boosted Russian engineering and manufacturing capabilities.
Russia and India are preparing for the pending Free Trade Agreement between India and the Eurasian Economic Union with logistics and other agreements all being worked on. They are preparing all sides for what can be expected to result in a significant boom in trade. India’s trade with all EAEU members is already showing significant increases.
Russia’s development of its domestic freight and logistics sector is expected to grow by over 13% in the period 2026-2031. We provide a comprehensive breakdown of this data – which is nearly 3 times more than the United States growth, and over 4 times more than the European Union over the same period.
Russia intends to raise over US$400 billion from domestic and overseas investors to complete its Transarctic Transport Corridor. That is about 30% of China’s total spending thus far on the Belt & Road Initiative. The majority of this funding is expected to come from the private sector.
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