Russia's Pivot to Asia

Xi, Putin, Want Pricing Agreement On Power of Siberia 2 “As Soon As Possible” and Instruct Gazprom and Sinopec To Make A Deal

China, Energy, Shanghai Cooperation Organisation

Russian President Vladimir Putin met with Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization summit in Astana yesterday (July 3), and have instructed the two countries’ responsible companies to agree on the terms of gas supply via the Power of Siberia 2 pipeline “as soon as possible,” according to Russian Deputy […]

Xi, Putin, Want Pricing Agreement On Power of Siberia 2 “As Soon As Possible” and Instruct Gazprom and Sinopec To Make A Deal Read More »

Azerbaijan States Intention To Join BRICS

BRICS, Commonwealth of Independent States, Shanghai Cooperation Organisation, Trade

The Pro-Russia BRICS bloc has soft power control over the Caspian and Red Sea supply chains  Azerbaijan, which has been attending the annual Heads of State meetings of the Shanghai Cooperation Organisation (SCO) in Astana has expressed interest in joining the BRICS grouping.  The BRICS includes Brazil, Russia, India, China and South Africa, while Egypt,

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Russia, Turkiye Plan To Increase Bilateral Trade To US$100 Billion

BRICS, Shanghai Cooperation Organisation, Trade

The Russian President Vladimir Putin has met with Turkish President Recep Erdogan in Astana on the sidelines of the Shanghai Cooperation Organisation annual Heads of State meetings, with both sides also engaging in trade development talks. Current bilateral trade is running at about US$55 billion, with Alexei Yerkov, the Russian Ambassador to Turkiye, also present

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SCO flag Shanghai

Shanghai Cooperation Organisation Heads Of State Meetings Begin In Astana

China, Commonwealth of Independent States, Eurasian Economic Union, India, Shanghai Cooperation Organisation, Trade

Putin, Xi, Modi and other regional leaders are all attending The annual Heads of State meetings of the member countries of the Shanghai Cooperation Organisation (SCO) has begun in Astana, Kazakhstan. The SCO has different categories of membership, with full members being China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia Tajikistan and Uzbekistan. Three countries —

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The World Bank Classifies Russia As “A High Income” Country With Average Income Worth US$47,261.

Economy, Finance, Foreign Investment

The World Bank has recognised Russia as a high-income nation in its official global rankings, after stating that the average Russian gross national income per capita in Russia is US$14,250, which at current exchange rates, in local Ruble terms is ₽1,260,940.   The World Bank Group assigns the world’s economies to four income groups: low,

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Russian Passenger Flights Per Annum Third Highest In the World

Infrastructure, Logistics & Transport

The number of passengers for Russian airlines is expected to reach about 98.1 million over 2024, according to Russian Federal Air Transport Agency (Rosaviatsiya) head Dmitry Yadrov. This ranks Russia as the world’s third largest passenger aviation market, behind the United States and China, and just ahead of India.   Yadrov said that “For now, we

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As The World Looks At US Trade and Dollar Alternatives, What Are The Options?

Economy, Finance, Trade

The role of national currencies in global trade is changing, as countries look at ways of at least partial minimisation of exposure to the US dollar. We discuss the evolutionary trends.    Two main global financial evolutionary events are happening at the same time: the first is changes to the role of the US dollar,

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Yakutia To Revive Skovorodino Railway With Connections Through To North China 

China, Infrastructure, Logistics & Transport, Trade

Yakutia Railways has proposed the restoration of the Skovorodino – Reinovo railway, which would connect with the Russian Railways network and the Russia-China border crossing at Dzhalinda and Mohe in China’s Heilongjiang Province. That in turn links directly to the provincial capital Harbin, with onward links to Beijing and the Chinese national rail system. Mohe

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Russia’s Total Export Values Increased After The West Imposed Sanctions

Economy, Finance, Trade

Government fiscal income revenues from Russian imports will have declined in the West and increased in the East by tens of billions of dollars   Russia’s exports actually increased by US$31 billion after the West imposed trade sanctions, according to open-source intelligence calculated by Sputnik, itself based on data from Russia’s Federal Customs Service. While

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