Russia's Pivot to Asia

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Russia & Mongolia 2024 Latest: Joint Venture Mineral Mining and December Free Trade Agreement

China, Eurasian Economic Union, Logistics & Transport, Trade

Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently […]

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Barter

Russia and China To Conduct First Barter Trade Deals In September / October  

China, Finance, Trade

Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system.

Russia and China To Conduct First Barter Trade Deals In September / October   Read More »

Russia’s Domestic and International Air Freight Volumes Show Signs Of Recovery

Infrastructure, Logistics & Transport, Trade

The volume of air freight transported overseas by Russian airlines in H1 2024 amounted to 63,400 tonnes, 3% more than in the same period of 2023, according to statistics from the Federal Air Transport Agency. To compare, in the first 6 months of 2022, which saw international air cargo at 196,000 tonnes meaning that slow

Russia’s Domestic and International Air Freight Volumes Show Signs Of Recovery Read More »

Russia and China Oil

Russia’s Natural Resource Exports to China In H1 2024 Reach New Highs

China, Energy, Trade

Russia’s natural resource trade with China exceeded US$65 billion in H1 2024, according to China’s Ministry of Customs, reaching record levels. Overall, Russian exports of natural resources to China increased by 4% over the same period last year, year-on-year, reaching a new high of US$65.2 billion between January and June of this year. Oil and

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Airline Sunset

Western Airlines Pull Out Of China, Leaving Huge Development Opportunities For The BRICS 

Africa, BRICS, China, India, Infrastructure, Logistics & Transport, Trade

Several Western airlines are pulling out of routes servicing China as sanctions have forced Western carriers to incur greater operational costs by avoiding Russian airspace. British Airways, Virgin Atlantic and Quantas are just three who are giving up what were lucrative direct flights to Beijing and Shanghai. Other, BRICS and BRICS related airlines are now

Western Airlines Pull Out Of China, Leaving Huge Development Opportunities For The BRICS  Read More »

Russia’s Shadow Fleet Evades Sanctions While Western Maritime Shipping Faces Problems

Energy, Logistics & Transport, Trade

The 2022 price cap on oil sanctions that placed a limit of US$60 per barrel on Russian crude, are another example where ill-thought out economic policies matched with related geopolitical movements have instead created problems for the West’s own shipping supply chains. The oil cap sanctions, introduced in September 2022, were intended to limit the

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China, Saudi Arabia and Germany Are Top Users Of Russia’s E-Visa System

China, Economy, Logistics & Transport, Trade

Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia.  The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include

China, Saudi Arabia and Germany Are Top Users Of Russia’s E-Visa System Read More »

Rosatom Building Nuclear Power and Solar Energy Plants in Burkina Faso and Mali

Africa, Energy, Investment, Trade

Russia’s energy development strategy continues in the Sahel region of Africa, where engineers from the Rosatom, the state nuclear energy company, are on a four-day visit to Burkina Faso to discuss building a Nuclear Power Plant (NPP) in the country. Burkina Faso, previously the French colony of Upper Volta, is one of the world’s least

Rosatom Building Nuclear Power and Solar Energy Plants in Burkina Faso and Mali Read More »

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