Russia’s Tatneft has entered into a JV with China’s NTL Chemical Technologies LLC, with initial investments of US$1.6 billion, increasing to about US$3.6 billion by 2035. The venture is involved in chemical processing and development to support Russia and China’s agricultural sectors as they move to eliminate reliance on Western producers.
The Uzbek Minister of Agriculture has met with the Russian head of the Mordovia Republic, with both expressing desire to work together. The Uzbek Minister, Ibrokhim Abdurakhmonov, said that bilateral agricultural trade between Russia and Uzbekistan had grown by 31.7% In 7M 2026.
The President of Myanmar, Min Aung Hlaing has been visiting Moscow. He met with Russian President Vladimir Putin and numerous other senior government and business leaders. We deep dive the bilateral relationship, with current volumes at US$2 billion but plans to substantially increase this. We look at the massive Dawei Port development, the implications for ASEAN and India, as well as the bilateral trade opportunities and the hurdles to overcome.
Russia has increased its exports of Pollock and other fish to the European Union to over a 50% share of the EU’s total imports. Several EU fish processing plants vetoed Brussels attempts to stop the trade, which forms a substantial part of Europe’s white fish consumption.
Russian exports of pork products to China look set to reach a record high this year with supplies up 28.9% in 7M 2026. China is the world’s largest consumer of pork with a whopping 42kg per capita demand annually. We examine the Russia-China export trends.
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Both Russia’s inbound and outbound tourism sectors are booming despite Western sanctions designed to prevent it. Instead, the market has completely recalibrated. We deep dive what is happening in this important development sector and the economic impact and investments this is producing both in Russia and in overseas markets.
Russia’s VTB bank has rolled out a QR code payment system throughout Thailand, allowing its Russian clients to make instantaneous payments of up to US$1,3460 a time via selected outlets. With 2 million Russian tourists expected to visit Thailand this year, the system bypasses Western financial sanctions and gives back independence to both Thai retailers and Russian consumers.
Chicken Wars: Russia has been developing a ‘super chicken’ aimed at competing with dominant Western varietals. With food security and Western sanctions and trade tariffs now a concern for China as well as smaller economies, Russia’s varietal is less expensive, apparently better quality and looks set to compete on a global basis.
The Russia -Thailand Joint Trade Commission has met in Moscow, with Thailand pushing hard for a Free Trade Agreement with the Eurasian Economic Union. We deep dive the bilateral relationship, in a complementary trade and services basket that could see their trade increase to US$5 billion by 2030.
Russia has increased its exports of agricultural produce to China by 34.4% this year, with China wanting to diversify supplies of critical imports such as soy beans, crucial for maintaining China’s massive livestock industry.
Russia and South Korea have both increased their ice cream exports into each others markets. Young Russian consumers are buying into the K-Pop phenomena while Soviet classic recipes are nostalgic and popular with older Koreans.
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