Russia's Pivot to Asia, Author at RUSSIA'S PIVOT TO ASIA

Featured September 23, 2024

Russia – Azerbaijan Overland Border Crossing Being Enlarged – Increases Throughput 12 Times

The overland Tagirkent-Kazmalyar checkpoint on the border between Russia and Azerbaijan is to be upgraded and expanded, with plans to increase its vehicle throughput by 12 times. The Tagirkent-Kazmalyar crossing is a priority development project as it is a key access along the International North-South Transportation Corridor, (INSTC) which connects Russia south to markets in […]

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Featured September 22, 2024

Russia Publishes List of ‘Destructive Countries’ – With Their Nationals Eligible For Russian Residency

Moscow has listed 47 countries, including some from Asia, whose “destructive attitudes” contradict Russian values, opening the path for nationals of these nations to seek asylum in Russia if they so choose. This follows the signing of a Presidential decree last month allowing foreigners who disagree with the “neoliberal” agenda pushed by their own governments […]

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September 22, 2024

Russia, Iran, Overtake Saudi Arabia and Iraq As Leading Oil Exporters To China

The Future Iraq Institute for Economic Research and Consulting has reported that Iraq and Saudi Arabia have lost their positions as the largest oil exporters to China due to purchasing incentives offered by Russia and Iran. According to the report, Russia captured 22% of China’s oil imports in August 2024, offering prices that were 6% […]

September 22, 2024

Russia Invests In Nigerian Steel Industry Revival

A Russian consortium has signed a Memorandum of Understanding (MoU) with the Nigerian government to restart operations at Nigeria’s Ajaokuta Steel Plant. The plant, together with Nigeria’s National Iron Ore Mining Company (NIOMCO), have been dormant for 42 years. The agreement was formalized during a recent visit to Moscow by Prince Shuaibu Abubakar Audu, Nigeria’s […]

September 22, 2024

Indian Exporters To Get More Russia Agricultural Market Access

The Moscow World Food Trade Fair has been held this week, with senior officials from India’s Agricultural and Processed Food Products Export Development Authority (APEDA), part of the Indian Ministry of Commerce, has said that the Russian market offers opportunities for Indian exporters across a wide range of categories, including whole grains, pulses, millets, processed […]

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September 21, 2024

Russia To Assist Pakistan With Agricultural Productivity & Industrial Investments

Russia’s Deputy Minister of Trade and Industry, Aleksei Gruzdev, has been visiting Islamabad and holding meetings with his counterpart, Rana Tanveer Hussain, Pakistan’s Minister for Industries, Production, and National Food Security. The two officials discussed enhancing bilateral trade, with a focus on improving agricultural outputs. As a result, Russia has agreed to supply the latest […]

September 21, 2024

UAE Investor Buys Raiffeisen Bank Belarus Subsidiary In Significantly Discounted Acquisition

In signs that more wealth and capital is moving away from Europe to Asia as a result of Western sanctions, Soven 1 Holding Limited, an investor from the UAE, has signed an agreement to purchase the Austrian Raiffeisen Bank International’s 87.74% stake in the Belarus-based subsidiary Priorbank, and its subsidiaries. Raiffeisen’s core business has been […]

September 20, 2024

Ruble Trade Volumes Up As US Dollar And Euro Decline In Russian Exports Trade

Russia is increasing the volume of payments in its national currency, with the Ruble’s share in its export trade with Europe rising to a historical high of 67% of the total, according to the Russian Central Bank. This indicates that the global structure of renumerations is changing against the backdrop of Western financial sanctions, and […]

September 19, 2024

Russia’s Aircraft Manufacturers To Move Into Aircraft Export Industry

Russia’s Trade and Industry Ministry is making plans to prepare a program to get Russian manufactured aircraft onto the international market, according to Anton Alikhanov, the Trade and Industry Minister. The move comes a Russia has been barred from purchasing the standard Airbus and Boeing aircraft however already had a significant domestic aircraft manufacturing industry. […]

September 19, 2024

Russian Railways To Build 2,000km Of Extra Track Along The Trans-Siberian and BAM Routes To Asia

The third expansion stage of Trans-Siberian and Baikal-Amur Mainline (BAM) railway has been approved by the Russian government, allowing the Russian Railways to immediately invest in design and survey work on these extensions. This includes labour-intensive work involving the laying of over 2,000 km of new tracks, three new tunnels for the accompanying road highway, […]

September 19, 2024

New Chinese Auto Brand To Enter Russian Market

China’s Soueast automobile brand is planning to enter the Russian market at the end of this year, the company has stated. “Soueast will offer Russian consumers two models, the flagship crossover, Soueast S09, in the D-SUV segment, and the intelligent urban crossover, Soueast S07, in the C-SUV segment” the company said. Full technical specifications and […]