Russia’s non-resource, non-energy exports are adapting to new conditions and strengthening their positions in the eastern and southern markets. In 2024, the positive balance of foreign trade increased by almost 8%, with exports to Africa and Asia continuing to grow. Export development reflects the potential of the domestic industry: Russian companies produce more than the […]
The Director of the Department of Economic Cooperation of the Russian Foreign Ministry, Dmitry Birichevskiy, has been speaking at the Valdai Club’s 3rd Russia-Africa conference and the South African Institute of International Affairs (SAIIA). South Africa is in a somewhat unique position as it has just taken over the Presidency of the G20, and from […]
Russia’s FESCO Transportation Group has launched a direct rail service, the “Vietnam Shuttle” from Vietnam to Moscow via China and Mongolia in partnership with logistics operator Ratraco (a subsidiary of Vietnam Railways), the company has said. The average transit time along the Vietnam Shuttle route is 35 days. Departures from Vietnam are carried out weekly. […]
Russia and Niger have formalized plans to cooperate on the peaceful use of nuclear energy, including the construction of power-generation infrastructure in the country, where nearly 80% of the population lacks access to electricity. According to the Russian Ministry of Energy, Russia’s state nuclear power corporation (Rosatom) and Niger’s Energy Ministry signed a Memorandum of […]
Russia’s Mariinsky Theatre Symphony Orchestra, conducted by Valery Gergiev, undertook a first comprehensive acoustic rehearsal at the newly constructed Sirius Concert Hall in Sochi. The rehearsal took place on Saturday (July 26) as part of the Sirius Summer Music Festival, which is currently running from July 15 to August 24. According to Gergiev, the Sirius […]
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Russian businesses have been facing unprecedented sanctions pressure, many of which have resulted in the loss of ownership over numerous Russian-owned assets based in the West due to their being frozen, transferred to Western management, total seizure or forced sales. In many of these cases, these violations are considered direct and indirect expropriation of Russian […]
The construction of a new railway station near the Russian-Azerbaijani border will be completed by 2030, Dagestan’s Deputy Prime Minister Rizvan Gazimagomedov has stated, saying “At the Tagirkent-Kazmalyar border with Azerbaijan, which is the location of current vehicle checkpoint, the Samur-2 railway station will be built. It will be completed by 2030 and will be […]
A nuclear power plant that is needed for lunar expeditions may appear in 2030-2032, Roscosmos General Director Dmitry Bakakov has stated, saying, “The horizon is 2030-2032. It is important to practice everything on Earth so that there is no risk in space. The nuclear power plant that can be landed on the Moon will give […]
Cuba has become a member of the BRICS New Development Bank (NDB) and is expected to obtain access to alternative financing, as the NDB offers credit without the strict conditions of institutions such as the IMF or the World Bank. Cuba has limited access to the dollar-dominated global financial system and is heavily sanctioned by […]
The share of the Russian ruble in payments for Russian exports has surpassed 50% of the total for the first time, according to the Russian Central Bank. Moscow and many of its trading partners have stepped up efforts to reduce exposure to the Western financial system since major Russian banks were cut off from […]
The average economic growth rate of the Eurasian Economic Union (EAEU) countries between 2025 – 2030 is projected to average out at about 6% per annum, according to various analytical sources including the Eurasian Development Bank, World Bank and data analysts Statista. That could even be higher should sanctions during the coming five years be […]
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