Russian President Putin has approved the construction of the delayed High-Speed Moscow-St.Petersburg railway. Discussions on a new link were prominent in 2019, but Covid issues put the project on hold. However, in February this year, a masterplan for the Moscow-St. Petersburg line was agreed. Construction is to start immediately. At present, one line runs […]
Industrial output in the Eurasian Economic Union (EAEU) countries rose 4.7% year-on-year in January, with all EAEU countries demonstrating growth, the EAEU press service has said, stating “The EAEU had an industrial production volume of 104.7% in January 2024, on par with January 2023.” Armenia had industrial output growth of 21%, Belarus of 5.4%, Kazakhstan […]
The Russian economy will become the fourth largest economy in the world before 2030, with sustainable growth at a rate of at least 2% per year and gradual acceleration to 3%. This will yield approximately 20% growth by 2030, Russian First Deputy Prime Minister Andrei Belousov said at a meeting of Russian President Vladimir Putin […]
The Eurasian Economic Union (EAEU) and Mongolia intend to complete the preparation of a temporary agreement on setting up a free trade zone by the end of 2024, the Eurasian Economic Commission (EEC) said following consultations with Mongolian representatives earlier this week. The EAEU includes Russia in addition to Armenia, Belarus, Kazakhstan, and Kyrgyzstan. It […]
Russia’s Minister of Culture, Olga Lyubimova has stated (March 13) that numerous Asian countries are interested in developing cinematography together with Russia and conducting joint film production, and that this will be fully supported by the government. Lyubimova said in an interview with the Rossiya-24 that “We have joint production, and have formalized the possibility […]
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The Kazakh Minister of National Economy Bauyrzhan Kudaibergenov, has said that over 40 foreign investor, with assets worth more than US$1.5 billion have completed the process of relocation from Russia to Kazakhstan. “Today, the government is working on the relocation of foreign companies, including large enterprises. We have about 400 companies from more than 30 […]
Vladimir Efimov, the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations, has stated on March 10 that Russia’s capital city now concludes about 80% of contracts for the purchase of Russian goods on its Russian supplier portal. He stated that “In 2023, Moscow customers concluded 130,400 contracts on our supplier portal […]
The Russian State Duma has approved in the first reading this March, a bill on the gradual decoupling of prices for goods on the domestic market of Russia from global indicators. This means about the possibility of the Russian Federal Antimonopoly Service (FAS) to not take these into account when determining the monopoly high and […]
As geopolitics reshape the contours of physical commerce, digital services remain one area where sovereign countries can engage between each other with relative freedom, during a period where certain nations around the world are erecting new politicized barriers, controlling, restricting, or sanctioning trade in goods like minerals, raw materials, food, through to services, semiconductors and […]
Developing Agricultural Express Routes Via EAEU, Iran, Middle East, India & China The Eurasian Economic Commission, the governing body for the Eurasian Economic Union (EAEU) held meetings with Iran in mid-March side to discuss the development of the Eurasian Agroexpress project. This is aimed at developing exports of agricultural products from Eurasian Economic Union member […]
The share of national currencies in the Eurasian Economic Union (EAEU) trade currently amounts to 90%, according to Russian Prime Minister Mikhail Mishustin, speaking at the end of February this year. According to him, the percentage of use of domestic currencies is still growing. The EAEU, which is based on the Customs Union of Russia, […]
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