In a major trade step forward, the Eurasian Economic Union (EAEU) and China have agreed to implement vital elements of cooperation in trade digitalisation, making mutual trade flows increasingly transparent and effective. The impact will further increase multilateral trade throughout China, Russia and the Eurasian landmass. Russia’s Minister of Trade of the Eurasian Economic Commission, […]
Alexander Korytny, the CEO of Kaliningrad’s Khrabrovo Airport has stated that the airport is actively working with Chinese airlines as a service hub for Western Europe. Korytny said that “We are actively cooperating with Chinese airlines, having made a pivot to the East. We are working with five leading Chinese airlines through the government of […]
As we reported last week, Russian President Vladimir Putin has held meetings with Dilma Rousseff, the Head of the BRICS New Development Bank (NDB). A new priority for the NDB, as directed by its shareholders, is the development of a new digital currency to facilitate direct trade between members and bypass sanctions imposed on Russia […]
Zimbabwe maintains good relations with all BRICS member countries and it is edging closer to joining the grouping, Zimbabwean President Emmerson Mnangagwa said as he returned home from the St. Petersburg International Economic Forum (SPIEF). Mnangagwa said that “Zimbabwe is edging closer to joining the BRICS economic bloc. Our good relations with members will enhance […]
Russia has in recent years succeeded in creating a modern meat industry and now ranks fourth in the world by meat production, President Vladimir Putin said at the St. Petersburg International Economic Forum on Friday (June 7). “We have created a modern meat industry in the agro-industrial complex. Its capacity has almost doubled in 15 […]
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The St.Petersburg International Economic Forum (SPIEF) 2024 has now finished, attracting guests from 139 countries. Investment deals worth US$71 billion were signed, as Russian companies look to invest in alternative markets as its economy moves away from Europe. In this article we highlight some of the larger investment deals that Russian investors made to instigate […]
The Ulyanosk regional government has said that negotiations are currently underway to launch a regular block train service from Ulyanovsk-Baku-Astara to deliver goods to Iran and other Gulf countries. Agreements have been made with both domestic and foreign companies and signed with individual logistics partners. The implementation of the project will contribute not only to […]
India’s Cadila Pharmaceuticals, one of the countries largest, together with the Russian Direct Investment Fund (RDIF) have agreed to jointly finance a new manufacturing facility in Russia, with a total investment of ₽10 billion (US$113 million). The agreement comes after numerous Western pharmaceutical companies withdrew from Russia under their governments pressure. Russia’s civilian pharmaceutical needs […]
New survey suggests Russian businesses are mainly bullish and sanctions are being overcome A new report by Yakov & Partners (previously McKinsey Russia) has stated that Russian businesses have successfully adapted to operating under Western sanctions, with 50% of Russian entrepreneurs noting an improvement in their business over the past six months. Looking ahead, 87% […]
The St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) will create a new, common EAEU commodity exchange market and then intends to integrate this to include commodities trading within the BRICS, according to SPIMEX President Igor Artemyev, speaking on the sidelines of the St. Petersburg International Economic Forum (SPIEF). Artemyev stated that “A large […]
The Russian President, Vladimir Putin is set to hold talks with the Bolivian President, Luis Arce on Thursday (June 6) in St. Petersburg. This will be the first direct meeting between the two. They will discuss various issues of further development of bilateral cooperation in all areas, including the economy, and foreign policy. The Kremlin […]
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