Russia's Pivot to Asia, Author at RUSSIA'S PIVOT TO ASIA

Featured September 8, 2024

Russia-India Joint Venture Wins US$6.5 Billion Contract To Build Electric Trains

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 […]

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Featured September 8, 2024

Russia’s Alfa Bank To Open A Representative Office In India

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 […]

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September 6, 2024

Putin’s Plenary Speech At The Eastern Economic Forum: Analysis

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 […]

September 6, 2024

Chinese Vice President, Han Zheng’s Speech At The Eastern Economic Forum: Analysis

Han Zheng, China’s Vice President, has been attending the Eastern Economic Forum in Vladivostok, and gave a speech at the event. China is Russia’s largest trade partner and shares a significant border with the Russian Far East. This is what he had to say: “Forum participants, ladies and gentlemen, friends. I am happy to be […]

September 6, 2024

Malaysia Views ASEAN’s Russia Engagement As A “Development Lynchpin”

The Malaysian Prime Minister, Anwar Ibrahim, has been attending the Eastern Economic Forum in Vladivostok, and delivered a Keynote speech at the event. Malaysia is poised to be the new ASEAN Chair for 2025, and, Ibrahim said, remains committed to reinforcing the bloc’s centrality while exploring synergies with regional and key dialogue partners. ASEAN includes […]

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September 5, 2024

Russia Wants Chinese And Indian Investment In Far East Sakhalin Deep Water Port

Russia’s Far East is rapidly emerging as a global maritime logistics hub, and investors and operators from China and India should not miss out on the opportunity to take part in upcoming projects there, Valery Limarenko, the Governor of Russia’s Sakhalin Region, has stated at the Eastern Economic Forum in Vladivostok. The upcoming deep-sea port […]

September 5, 2024

Algeria Joins BRICS New Development Bank

October 25 Update: Algeria has now been granted ‘BRICS Partner’ status. See more here. Algeria has been granted membership in the BRICS New Development Bank (NDB), the bank president, Dilma Rousseff, and Algeria’s Finance Ministry have announced. The decision was made on Saturday (August 31) at the ninth annual meeting of the Board of Governors […]

September 5, 2024

Türkiye Applies To Join BRICS Over NATO and EU Rifts

October 25 Update: Turkiye has now been granted ‘BRICS Partner’ status. See more here. As we suggested would happen earlier in June here Turkiye has made an official application to join the BRICS grouping. A rift with NATO over Ukraine are one reason for Ankara’s reported bid to join the group, which is due to […]

September 4, 2024

Russia, Mongolia Agree To Modernise Ulaan Baatar’s Soviet-Era Coal Power Station

Talks are also underway about building a small nuclear power plant and new Kharkhorum city During Russian President’s Vladimir Putin’s visit to Mongolia, the two countries have agreed on a project to modernize the No. 3 Combined Heat and Power Plant in Ulaanbaatar. An intergovernmental agreement was signed on front end engineering design for Ulaanbaatar […]

September 4, 2024

The 2024 Eastern Economic Forum Opens in Vladivostok

The 9th annual Eastern Economic Forum (EEF) opened on Tuesday (September 3) in Vladivostok. The EEF is Russia’s largest development and investment platform for Asia and is targeted at developing the economy of the Russian Far East and expanding international cooperation in the Asia-Pacific region. This year’s primary showcase guest is Vietnam, while around 6,000 […]

September 4, 2024

China’s Chery Auto Manufacturer Now The Largest Foreign Company In Russia By Revenue

Chinese car manufacturers Chery has become the largest foreign company in Russia by revenue in 2023, according to Forbes magazine. Chery is the first ever Chinese company to claim the top spot in the Forbes ranking. The brand increased its sales in Russia by 300% year-on-year to over ₽590 billion (US$6.65 billion). According to the […]