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 […]
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, […]
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. […]
On April 19, in Beijing, Andrei Slepnev, joint chair of the Minister of Trade of the Eurasian Economic Commission and Li Fei, China’s Vice Minister of Commerce held discussions of the Joint Commission on the implementation of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the PRC. China has a […]
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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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 […]
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 […]
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 […]
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 […]
The Russian President Vladimir Putin has addressed Russia’s business leaders concerning Russia’s economic strength and strategic goals. Saying that the Russian economy has demonstrated buoyant growth despite unprecedented external challenges, he stressed that he appreciated the contribution of the business community and proposed more engagement on strategic goals. Here are some key takeaways from Putin’s […]
Russian President Putin plans to visit China in May, he has stated, and will be meeting with Chinese President Xi Jinping in Beijing. This would be Putin’s first foreign trip since the presidential elections in March and will follow his presidential inauguration on May 7. The share of Russian Ruble and Chinese Yuan settlements in […]
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