The Russian city of Omsk is to be directed as a key transmodal logistics hub servicing trade with China and Kazakhstan, according to development plans and investments of ₽30 billion (US$340 million) outlined by Vitaly Khotsenko, the regional governor. Omsk will focus its regional trade on organising cargo transportation with China, Kazakhstan and other Asian […]
Russian-owned multinationals (MNCs) are relocating to friendlier jurisdictions, with another two businesses announcing redomiciling plans this past week. Both are representative of the new, more financially attractive options available for them. Qiwi Qiwi provides payment and financial services in Russia and CIS countries. The group includes QIWI payment systems, QIWI Bank, CONTACT money transfer system, […]
China is expected to join the consortium formed to build a multipurpose fast neutron experimental reactor (MBIR) in Dimitrovgrad, Russia’s Ulyanovsk Region before the end of this year, according to Vasily Konstantinov, a director of international scientific and technical projects at Russian SOE Rosatom Group. Konstantinov is also the CEO of the IRC MBIR Consortium. […]
Gazprom, on the look-out for new markets following the cancellation of its trade with Europe, has doubled its gas supplies to Central Asia in the January – August 2024 period, Gazprom CEO Alexei Miller has said, stating that “We are expanding cooperation with countries of Central Asia. Energy consumption in these countries is growing very […]
S7 Airlines plans to launch flights from Moscow to Dubai beginning on September 30, the company has stated. S7 will operate the flights four times per week, on Mondays to Dubai International Airport (DXB), and on Tuesdays, Thursdays, and Saturdays to Al Maktoum Airport (DWC). They will use narrow-body Boeing 737-800 aircraft that could accommodate […]
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Russia’s Foreign Minister, Sergei Lavrov has arrived in Saudi Arabia for a Russia-Gulf Cooperation Council (GCC) ministerial conference. He will attend a ministerial meeting of the Russia-GCC Strategic Dialogue and will have several additional bilateral meetings. The Gulf Cooperation Council is a regional free trade organization comprising Bahrain, Qatar, Kuwait, the United Arab Emirates, Oman and […]
In another example of China’s Belt & Road Initiative investments leading into Russia, China’s Guangdong Xinhui Cimc Special Transportation Equipment Co. Ltd; (GXCSTE) a container manufacturer, plans to develop cargo shipments through the Lotus Special Economic Zone (SEZ) in Russia’s Astrakhan Region, on the Caspian Sea. GXCSTE, the Moscow-based Kiton Group, and JSC Lotus SEZ […]
As we predicted would happen, Chinese investors have already begun making investments into tax incentive-driven projects in Russia. China’s Xuan Yuan, (XY Group) a Beijing-based, cross-border investment firm that specialises in international trade, including railway rolling stock and other large export of electromechanical products, public safety testing equipment, urban public security and emergency systems, urban […]
Kinet Railway Solutions, a company formed by Transmashholding, Russia’s largest locomotive and rail equipment manufacturer, and the Indian government-owned Rail Vikas Nigam Limited (RVNL), have announced that they have won a US$6.5 billion Indian government contract to manufacture 120 electric trains for Indian Railways at Kinet’s production facility in Latur, Maharashtra. The company won the […]
Alfa Bank is to open an office in India, the Russian lender’s deputy CEO, Pavel Vysotsky as said. “We see that it is necessary to open a large network of Russian banks and representative offices in India and expand the existing presence there. Alfa Bank is no exception in this regard, and we have such […]
The Russian President, Vladimir Putin, gave a plenary speech at the Eastern Economic Forum (EEF) on Thursday (September 5) in which he outlined Russia’s plans for regional Asian development and other issues related to security, trade and investment. The speech was one of Putin’s longer talks, lasting close to 45 minutes. Attendees included the Malaysian […]
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