Government fiscal income revenues from Russian imports will have declined in the West and increased in the East by tens of billions of dollars Russia’s exports actually increased by US$31 billion after the West imposed trade sanctions, according to open-source intelligence calculated by Sputnik, itself based on data from Russia’s Federal Customs Service. While […]
Despite Western media Gazprom rhetoric, Russia Is To Become China’s Largest LNG Supplier Just a month after Western media took aim at Russia for not being able to reach agreement with China on increased gas supplies, Russia has announced that supplies of Russian gas to China via the Far Eastern route will start in 2027. […]
Denis Sassou Nguesso, the President of the Congo, has met with Russian President Vladimir Putin in Moscow, where Nguesso expressed his country’s interest in becoming a member of BRICS. Nguesso stressed that the African country is interested in developing ties with the bloc, and said “I’ve heard about the BRICS+ format. So, if all these […]
The United States and United Kingdom have much to lose if the Kremlin downgrades relations. The Kremlin said on Thursday (June 27) that Russia is considering a possible downgrading of diplomatic relations with the West due to the deeper involvement of the United States and its allies in the Ukraine war, though no decision has […]
Russia’s trade with China has been hampered by the impact of financial sanctions upon Russia, including not just its banks but also its SPFS payment system, which operates as an alternative to SWIFT. The United States and EU have threatened additional sanctions on any bank that conducts financial trade with Russia or connects to its […]
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Russia, Kazakhstan and China are to conclude an Agreement for the creation of a Unified Digital Platform (ECP) for container transportation in order to optimize freight transport on the route connecting the three countries. The document is scheduled to be signed at the next meeting of the Kazakh-Chinese Business Council at the beginning of next […]
The BRICS group of counties – Brazil, Russia, India, China and South Africa, together with new entrants Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, have agreed to temporarily suspend the accepting of new members. The reason given is to allow time to integrate the latest members who joined from January 1st this […]
Russia’s exchange rate-linked export duty will decrease to 4.5% from July 1 from 5.5%, the Economic Development Ministry has stated. The decrease will impact a wide range of goods including ferrous, nonferrous and precious metals, coal (the export duty on coal was temporarily lifted from May 1 to August 31) and fertilizers. Russia approved a […]
Why the Atlantic Council’s Joe Webster is wrong about Kyrgyzstan and Europe The small, landlocked Central Asian country of Kyrgyzstan has been called out by Joe Webster, a senior fellow of the Atlantic Council, in an article he wrote this week (June 25, 2024) ‘We Need To Talk About Kyrgyzstan’. In this, he essentially called […]
The newly re-elected Indian Prime Minister Narendra Modi is to visit Russia on July 8th, according to Indian news media. It will be his first trip to Russia for nearly five years and comes as Indian trade with Russia is hitting new highs, while BRICS collaboration is intensifying. Modi’s visit comes a little over three […]
The former Mercedes-Benz plant in Yesipov near Moscow will begin mass production of China’s Exeed cars, the premium brand of Chinese automaker Chery under a contract assembly agreement starting in July. Mercedes-Benz exited the Russian market in April 2023, selling their shares in the Yesipov factory to the Russian local car dealer Avtodom. Interestingly, Mercedes-Benz […]
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