Russia's Pivot to Asia

FESCO

Direct Shipping Introduced Between Vladivostok, Malaysia and Vietnam

Infrastructure, Logistics & Transport, Trade

Russia’s FESCO Transportation Group is launching the FESCO Intra Asia Service (FIAS) regular line between Vietnam and Malaysia, the company has stated. A 400TEU container ship from the FESCO fleet will operate the line between the Vietnamese port of Ho Chi Minh City and Malaysia’s Port Klang. The ship will depart once a week and […]

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Ruble Rupee

Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade

Economy, Finance, India, Trade

India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India

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Russia, India Looking At Nuclear Energy Joint Ventures and Additional Nuclear Power Plants

Energy, India, Investment, Trade

India’s Nuclear Power Corporation of India Limited (NPCIL), is considering forming a joint venture with Rosatom for manufacturing nuclear fuel in the country to boost its nuclear capability. Russia is already helping build the Kudankulam Nuclear Power Plant (NPP) in southern India, set to be the largest atomic power plant in the country. That NPP

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Securities

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities   

Economy, Finance, Trade

Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of

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Russia Mongolia Flag

Russia & Mongolia 2024 Latest: Joint Venture Mineral Mining and December Free Trade Agreement

China, Eurasian Economic Union, Logistics & Transport, Trade

Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently

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Barter

Russia and China To Conduct First Barter Trade Deals In September / October  

China, Finance, Trade

Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system.

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Russia’s Domestic and International Air Freight Volumes Show Signs Of Recovery

Infrastructure, Logistics & Transport, Trade

The volume of air freight transported overseas by Russian airlines in H1 2024 amounted to 63,400 tonnes, 3% more than in the same period of 2023, according to statistics from the Federal Air Transport Agency. To compare, in the first 6 months of 2022, which saw international air cargo at 196,000 tonnes meaning that slow

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