The Russian Foreign Minister, Sergey Lavrov, has stated that “Eurasia needs a continent-wide structure akin to the African Union or the Community of Latin American and Caribbean States (CELAC)” in interviews this week. Bearing in mind that Western Europe already has the European Union and the Organisation for Security & Defence in Europe (OSCD), his […]
Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office […]
Russia and Indonesia grew their trade turnover of agricultural products to nearly US$1.5 billion in 2024, up 41.4% compared to the previous year, according to Russia’s Agroexport centre. This included approximately 1.4 million tonnes of agricultural goods. The main commodity items in the value structure of Indonesian imports from Russia in 2024 were wheat (92.3%), […]
Hong Kong’s Exchanges and Clearing house, which runs the Hong Kong stock market, said last week that it was working with the Hong Kong monetary authority to develop an Asian international settlement house intended to rival Belgium’s Euroclear and Luxembourg’s Clearstream. The move comes as a bid to lessen dependence on western financial infrastructure, and […]
The Vietnamese Ambassador to Russia, Dang Minh Khoi has stated that more than 80,000 Russian tourists have visited Vietnam between January 1 and March 10, with a total of 400,000 to 500,000 Russian tourist arrivals expected over the full year. Dang said that over 250,000 Russian tourists visited Vietnam in 2024, as tourist arrivals started […]
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Russia supplied 896,800 tonnes of peas to India, worth US$424.9 million in 2024, becoming the second largest supplier of peas to the Indian market after Canada, according to India’s Ministry of Commerce and Industry. The humble pea is a popular item in many Indian dishes. Peas have climbed sharply in price on the Indian domestic […]
The Joint Maritime Security Belt 2025 exercise involving Russian, Iranian, and Chinese warships has begun from Iran’s Chabahar port in the Gulf of Oman. The Russian side is represented by the Rezky and Hero of Russia Aldar Tsydenzhapov corvettes, and the Pechenga tanker of the Pacific Fleet. China had deployed two warships and one logistics […]
Russia’s First Deputy Prime Minister Denis Manturov has been meeting with Uzbekistan’s Deputy Prime Minister Jamshid Khodjaev in Moscow. Manturov and Khodjaev are co-chairs of the Russia-Uzbekistan intergovernmental commission on economic cooperation. The two parties discussed priority issues regarding bilateral cooperation during the meeting, with Manturov emphasizing the significant potential of interregional cooperation. The two […]
The Belarus Ministry of Transport and Communications has said that logistics companies from Russia, Belarus and Pakistan have signed a MoU that will allow increasing freight traffic between the three countries, but also with the countries of the “Far Arc” which also includes Brazil, Cuba, and Venezuela in Latin America; Nigeria and South Africa in […]
The Rusagrotrans analytical centre, which services Russian agricultural logistics, has stated that Russia exported 275,000 tonnes of wheat to China in the first eight months of the current agricultural year from July 2024 to February 2025. This has exceeded the volume of supplies from the United States to China for the first time. Rusagrotrans […]
The Russian Agriculture Ministry’s Agroexport centre has said that Russia boosted exports of agricultural products to Africa 19% year-on-year, valued at over US$7 billion in 2024, shipping products to 45 countries on the continent. Egypt was the largest buyer, increasing imports from Russia 21% in value terms. Egypt is a leading importer of Russian wheat, […]
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