The Standing Committee of the Russia-Belarus Union State has supported a proposal to create a credit rating agency, the committee has said. The move is necessary, as Western credit ratings agencies, including Fitch, Moody’s, and S&P, pulled out of these markets in 2022, making it extremely difficult for banks and companies in Russia and Belarus […]
PJSC Whoosh Holding, the Russian holding company of the Whoosh electric bike-sharing service, plans to increase its expansion in Latin America, according to the company’s founder and CEO Dmitry Chuiko. Currently, Whoosh operates in two Latin American countries, Brazil and Chile. Chuiko said that “The focus of work in the near future will be directed, […]
Russian engineers have completed the digitalization of the Baku–Boyuk-Kesik railway line, a key corridor linking Azerbaijan and Georgia. The final stage of the project has involved modernizing the 122-kilometer Ujar–Hajigabul section, which had not been upgraded since 1980. The project was carried out by Natsproyektstroy, a leading Russian infrastructure holding comprised of more than 100 […]
Russian-Chinese cooperation in aircraft engine manufacturing was discussed during Russian Industry and Trade Minister Anton Alikhanov’s visit to China this week, according to the Russian Trade Ministry. Alikhanov visited a Chinese aero-engine institute as well as technological development and innovation centers. First Deputy Russian Prime Minister Denis Manturov said over a year ago in Beijing […]
Gazprom has signed a memorandum of understanding with the Mongolian government aimed at developing a partnership in the oil and gas sectors. The document was signed during a working visit by a delegation from PJSC Gazprom led by Gazprom Mongolia Chairman Alexei Miller, Gazprom has stated. Miller held working meetings with Ukhnaagiin Khürelsükh, the Mongolian […]
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The Afghani Minister of Mines and Petroleum, Mullah Hidayatullah Badri, has stated that Afghanistan is home to sizeable hydrocarbon reserves and has invited Russian companies to invest in its oil and gas sector. He was speaking at the Tatarstan Petrochemical Forum which has been taking place in Kazan. Badri said, “Afghanistan opens its doors to […]
Iran and Russia have been jointly developing a strategy to position Iran as a strategic gas transit hub, potential that began following bilateral discussions and the 2024 signing of an agreement for Russia to supply up to 300 million cubic meters of gas to Iran daily. That supply chain will begin later this year. Stanislav […]
Russia’s pivot to Asia has taken another unique turn by sending bulk cargo to Malaysia, in southeast Asia, from Moscow vi Vladivostok for the first time. Russia’s FESCO Transport organised the transhipment of technical fat cargo in Flexitanks at the Bely Rast terminal in Russia’s Moscow region. From Bely Rast, the first shipment departed via […]
The growth of bilateral trade between Russia and China in the medium term may be more restrained than it has been in recent years, according to Anton Alikhanov, Russia’s Minister of Industry and Trade. He was speaking at the Russian-Chinese business forum in Kazan and said that among the reasons for the slowdown in growth […]
Chinese companies are interested in further localizing their production in Russia, according to Oleg Nepochatov, the CEO of the Ulyanovsk Special Economic Port Zone. He was speaking at the 3rd Sprouts Business Forum which has been held in Kazan. Nepochatov said that “We see the demand of the Chinese companies to deepen localization of their […]
Russia is both developing and integrating its digital transport system with China’s, according to Igor Levitin, an Adviser to the President of Russia and Special Representative for International Transport Cooperation. He was speaking at the Rostki International Forum in Kazan. Speaking at the session on “Russia-China: Logistics Connectivity as a Basis for Sustainable Partnership”, Levitin […]
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