The heads of state of the Eurasian Economic Union (EAEU) countries met in Moscow this week to discuss the ten-year progress since the bloc was formed and make plans for future development. The event was attended by the five heads of state from Armenia, (Prime Minister Nikolai Pashinyan) Belarus (President Alexander Lukashenko), Kazakhstan, (President Kassym-Zhomart […]
Andrey Belousov, Russia’s First Deputy Prime Minister, has said that Russia has worked out a plan to transform the country’s economy by 2030. His remarks followed President Putin’s decree, also issued this week, which sets out the goals for future Russian growth until the end of the decade. Speaking at a panel session on Wednesday
Russia Plans For National Economic Transition & Growth Resurgence Read More »
China’s Yangpu Newnew Shipping plans to make 10-12 shipping runs from Shanghai to Arkhangelsk along the Northern Sea Route (NSR) in 2024, according to the government of the Arkhangelsk region. Alexander Tsybulsky, Arkhangelsk Regional head, and Tsetsen Goryaev, the General Director of the Arkhangelsk Commercial Sea Port and Elena Maximova, the General Director of Torgmall
Arkhangelsk-Shanghai To Become A Regular Northern Sea Route Service Read More »
The European Union has approved the use of Russian financial assets, currently frozen in the Belgian Euroclear account, to be sent to the “European Peace Fund” (EPF) – a body established in the EU to send funds for munitions to Ukraine. In this article we examine the agreement and the implications. Deal Structure The Russian
Using The Interest On Russian Assets For Ukraine: The Details and Implications Read More »
As we discussed yesterday, Russian President Vladimir Putin has signed a decree on Russia’s National Development Goals to 2030. This includes increasing the share of domestically produced aircraft in Russian airline fleets to at least 50%. “To set the following targets and tasks – Increasing the aviation mobility of the population by at least 50%
Russia Aims For 50% Domestic Passenger Aircraft Fleet By 2030 Read More »
The Russian President Vladimir Putin made a comprehensive speech during his inauguration ceremony in the Kremlin, focusing on Russia’s future and its national strategic development plans. We summarise these and provide a link to the complete text below. Russian Priorities Amid the rapid changes in the world, Russia “must be self-sufficient and competitive,” open new
In another indication of how Western sanctions have spurred Russia’s domestic industries, a St. Petersburg-based plant formerly belonging to Japanese automaker Toyota has been transferred to Russian high-end carmaker Aurus, according to Denis Manturov, Russia’s acting Minister of Industry and Trade. Production of Aurus cars at the plant will start before the end of 2024.
Russia’s Aurus Luxury Auto Brand Takes Over Toyota’s St.Petersburg Production Plant Read More »
The Yuzhnouralsky Dry Port and Rusagrotek LLC have sent the first container train with agricultural products from Chelyabinsk to Zabaikalsk, one of the China border crossings. The train will proceed to Chengdu in China’s Sichuan Province, with the total travel time estimated at 14 days. The train consists of 70 forty-foot containers. The route was
First Agroexpress Chelyabinsk Freight Train Leaves For Chengdu Read More »
Sberbank has launched payments using the SberPay QR code service in Turkiye, the bank has stated. Turkiye had previously come under sanctions pressure from the United States over initial plans for its banks to accept Russian MIR cards. Turkiye has become one of the biggest beneficiaries of the domestic Russian tourism market as Russians move
Sberbank Launches QR Code Payment System In Turkiye Read More »
The governments of Russia and the Democratic Republic of Sao Tome and Principe have concluded an agreement on military cooperation. The parties signed the deal in St. Petersburg on April 4, and is intended to remain in force “for an indefinite period of time.” Russia and Sao Tome and Principe have agreed to cooperate in
Russia, Sao Tome & Principe Sign Cooperation Agreements Read More »
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