News & Analysis

May 1, 2024

Trans-Caspian International Transport Route Bottlenecks Discussed 

The World Bank has identified ten critical actions to address the most pressing short-term bottlenecks across the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, according to a brief published on the bank’s official website. The solutions are based on a tripling of trade volumes through the Middle Corridor by 2030. With […]

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April 30, 2024

Russia – Indian Ocean Multimodal Corridors Being Developed

The first meeting on the development of the international Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan multimodal transport corridor with access to Indian Ocean Seaports has been held in Termez, Uzbekistan, and was attended by officials from respective national transport departments, freight forwarding companies and businesses. They discussed the possibilities of increasing the volume of international cargo transportation along land corridors, […]

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April 29, 2024

Russia and Mongolia To Increase Border Crossing Capacity By 300%

Ulaanbaatar plans to increase the capacity of checkpoints with Russia by at least 3 times, with the Mondy automobile checkpoint at the Russian Republic of Buryatia and the border with Mongolia being modernised. The border crossing will have nine lanes instead of today’s one. The capacity will be slightly less than 600 vehicles per day. […]

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April 29, 2024

Half of Russia-China Financial Transactions Arranged By Third Party Brokers

An estimated 50% of all financial transactions conducted between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters have reported, citing trade consultants and bankers, as well as importers and exporters. In December, US President Joe Biden signed an executive order that […]

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April 29, 2024

Eurasian Economic Union Performance for January–February 2024

The Department of Statistics of the Eurasian Economic Commission has published a monthly analytical review of the main socio-economic indicators of the Eurasian Economic Union (EAEU) for January-February 2024. During the first two months of 2024, there was an increase in industrial production of the EAEU by 3.8%, the volume of construction work performed by […]

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April 28, 2024

Russia’s Special Administrative Regions Gain Offshore Investment Interest

The number of new companies registered in the Special Administrative Regions (SAR) on Russky Island in Vladivostok, and Oktyabrsky island in Kaliningrad exceeded 400 in April, with the registration of new residents indicating the continuing interest in re-domiciliation into Russia’s legal jurisdiction. The SAR’s offer specific benefits not available on the Russian mainland, including lower […]

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April 28, 2024

Russian Foreign Minister Meets With Bolivian Foreign Minister in Moscow

Russia’s Foreign Minister, Sergey Lavrov, met with his Bolivian counterpart Celinda Sosa in Moscow on Friday (April 26). The Bolivian diplomat is paying a two-day visit to Russia on April 26 and 27. Discussed were bilateral ties, political dialogue, ways of broadening cooperation in various sectors and improving the legislative and contractual framework, as well […]

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April 27, 2024

Kaliningrad Exports Wheat To Venezuela For The First Time

Food-grade wheat totaling 30,500 tonnes has been shipped for the first time to Venezuela from a Kaliningrad Region port, the press service of the regional department of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has said. The shipment is further proof of Russia’s developing engagement with new emerging markets in Latin America. Specialists […]

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