Mongolia is considering Rosatom’s proposal to build a small nuclear power plant, according to Alexey Evsikov, the Russian Ambassador to Mongolia. At present, Ulaanbaatar, the capital city, is powered by two Soviet-era coal-powered plants, which are both archaic and highly polluting during the winter months. The Mongolian energy system is also under enormous strain even […]
Russia has assumed the presidency of the Collective Security Treaty Organisation (CSTO) from January 1st and will hold it under the motto “Collective Security in a Multipolar World: Common Goal, Shared Responsibility.” The CSTO is sometimes referred to as Central Asia’s equivalent to NATO and has been regarded as a threat by both the European […]
Russia’s ambassador to Bolivia, Dmitry Verchenko, has been commenting on the status of the delayed Bolivia-Russia lithium mining project between Rosatom and the Bolivian state-owned enterprise YLB (Yacimientos de Litio Bolivianos). The Joint Venture agreement was signed in September 2024; however, a change of government in Bolivia has held up any development. The JV is […]
Russia is introducing multiple improvements to its various social security payments to citizens during 2026, with increases across the board—good news for Russian nationals. These range from financial support for families to taxation and pension payments. Basic pension indexations will be implemented, new tax breaks for families with children will be introduced, and other measures […]
The final 2025 trading session of the Moscow Stock Exchange took place on December 30th, showing a slight increase of 0.6% to 2,759.52 points. That means that the bourse ended 2025 pretty much at the same level that it began the year. Analysts, however, do not rule out that in the first days of 2026, […]
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Russia’s container turnover in its Arctic basin ports increased by 8.2% year-on-year compared to November 2024. According to the industry watchdog PORTSTAT, 97.4% of Russia’s Arctic-based containers moved in coastal trade, which also grew by 6%. The data confirms the increasing use of Russia’s Arctic ports and Northern Sea Route traffic. Imports of Arctic-bound containers […]
Russia’s FESCO transportation group is demonstrating its long voyage polar capabilities with the Vasily Golovnin diesel-electric ship undertaking its latest voyage to Antarctica to supply the Indian Antarctic stations Bharati and Maitri, delivering fuel, food, and specialized equipment. FESCO has a contract with the Indian side to maintain deliveries and confirms the company’s role as […]
An Islamic bank may open for services in Russia in 2026, according to Anatoly Aksakov, the head of the State Duma Committee on the Financial Market and chairman of the council of the Association of Banks of Russia. He stated that “We are now actively working on creating an Islamic bank in Russia. We are […]
The Chinese Ambassador to Russia, Zhang Hanhui, has been interviewed in Russian media, commenting on numerous bilateral issues, including the joint development of hi-tech products, cross-border finance, joint aircraft manufacturing, tourism, and the prospects of a joint lunar base. This is what he had to say: Q: “Russian-Chinese cooperation has broad prospects in the field […]
Georgia’s Mtskheta–Stepantsminda–Lars Highway, also known as the Military Road, is undergoing a large-scale modernization, including a 27 km high-speed section and numerous new bridges. The Georgian government is spending about 1.2 billion lari (US$450 million) in upgrades, which includes the construction of the longest arch bridge in the country and a strategically important tunnel, with […]
Russian Vice-Prime Minister Vitaly Savelyev has stated that work on the proposed Northern Latitudinal Railway (NLR) is to be suspended for three years. The financing required, estimated at ₽800 billion (US$10.2 billion) has not yet been arranged, while the implementation deadlines and needs for the project have already shifted. A pause will allow the development […]
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