Russia and China have signed an MoU on tax, agreeing to share digitalisation techniques and cooperation in bringing their systems closer together for ease of use. Much of this data relates to increasing bilateral trade flow and the need for improved application of tariffs and duties on applicable items.
India has added several Russian companies to, and extended the licences of several Russian maritime insurance companies after coverage expired due to delays caused by problems in the Persian Gulf. The number of Russian insurers licenced to finance maritime risk in India has been increased to eleven.
Russia’s space agency, Roscosmos, has stated it is interesting in using Malaysia as a base for launching its space vehicles, satellites and other spacecraft as the country has the ideal geographical position to reach orbit.
China-Russia bilateral trade grew by 15% in Q1 2026, with some surprising trade growth areas aside from oil and gas. In March alone, trade was up 20% on the same time last year. We identify the primary trade growth drivers and compare with previous years.
Russia’s Arnest Group have invested in a cosmetics production facility in Uzbekistan to develop additional Central Asian export markets for its products. The company is best known overseas for acquiring Unilever’s assets and brands when they exited the Russian market.
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Russia’s Rosatom is discussing with the Republic of Congo to build two small hydroelectric power plants in the country. The project will serve as the basis for developing Congo’s energy system and for expanding the practical experience of bilateral cooperation.
The latest Russia-Azerbaijan Intergovernmental Commission has been held in Zangilan, in the Azerbaijan’s Eastern Zangezur region, to inspire attention in developing the recent Armenian deposed area. Also discussed were connectivity issues with Iran’s Rascht-Astara railway, with construction currently suspended due to the Iran war.
Chinese investors have provided heavy duty equipment for expanding Russia’s Osterra Port near Khabarovsk in the Russian Far East. The port is a major gateway for Russian coal exports to the Asia Pacific.
The Russian and Algerian Foreign Ministers have met in Turkiye as both attended the Antalya Diplomacy Forum. Bilateral trade is currently running at about US$3 billion per annum, with targets made to reach US$10 billion by 2030.
The Russian and Rwandan Foreign Ministers have met in Turkiye to better understand how to improve bilateral trade and investment. Rwanda is interested in nuclear power technology, while bilateral trade, while small, has been rapidly growing.
Russia’s Rostec, in conjunction with Chinese investors, is building a cross-border ‘hydrogen fuel corridor’ in the Russian Far East to better service their bilateral highway logistics capabilities. Hydrogen fuel cells perform better in cold weather conditions than either diesel or electric trucks, but a supply chain network of filling stations needs to be established.
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