Indian Oil Corporation (IOC), a state-owned oil and gas company, has stated it will continue to buy Russian crude as long as it does not violate US sanctions, the companies Finance Director, Anuj Jain, has stated. He added that the company maintains a database of sanctioned entities and will continue to source oil from non-sanctioned […]
The cost of transporting a 40-foot container on the Shanghai—Moscow route, despite an increase in October this year, remains at a five-year minimum—at US$5,300, according to the Centre for Price Indices estimates. However, rates for the Russian Federation remain more expensive than for China delivery to the European Baltic States ports and to Finland at
China-Russia Container Prices Remain Competitive, Yet Remain Higher Than For Europe Read More »
The Russian Foreign Minister Sergey Lavrov met with Choe Son-hui, the Foreign Minister of North Korea (DPRK), who is in Moscow on a working visit. During the talks, the ministers discussed current issues concerning the development of bilateral relations, including practical cooperation, with particular focus on the implementation of the agreements reached during the talks
Russia, North Korean Foreign Ministers Meet in Moscow: Bilateral Updates Read More »
Russia and China have updated their Bilateral Investment Treaty (BIT), which was first agreed upon back in 2006. BITs typically provide legal guarantees for reciprocal investments, as well as containing specific preferential agreements on tax rates impacting specific detailed industries and the services sector. Russian President Vladimir Putin signed the bill that ratifies these updates
Russia and Cambodia have been discussing the expansion of their bilateral trade, including increasing supplies of fertilizer from Russia, following meetings between Russian Deputy Prime Minister Alexei Overchuk and Cambodian Prime Minister Hun Manet in Kuala Lumpur. They held meetings on the sidelines of the 20th East Asia Summit, which is currently taking place. A
Russia, Cambodia Discuss Bilateral Trade Development, Improved Supply Chains Read More »
The Russian Agriculture Ministry and Russian Railways have ordered the development of agricultural supply chain routes to Armenia via Azerbaijan, according to Russian Deputy Prime Minister Alexei Overchuk. Azerbaijan has also confirmed the possibility of using its railway network for the export of agricultural products from Russia to Azerbaijan. Overchuk said that “Two days ago,
Russia could increase exports of energy resources, industrial equipment, and agricultural products to Malaysia and consider building small- and large-capacity nuclear power plants in the country, according to Russian Deputy Prime Minister Alexei Overchuk. He has been meeting with Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Fadillah Yusof at the
Russia, Malaysia Discuss Bilateral Trade Development; 2025 Trade Up 32.1% Read More »
Russia, so often disparagingly referred to as just a ‘gas station’, is rapidly diversifying its economy, with non-primary, non-energy (NPNE) exports now providing just over 12% of Russia’s Gross Domestic Product (GDP), according to the results of the first half-year 2025. The statement was made by Mikhail Mishustin, the Chairman of the Russian Government, citing
Russian Exports Diversifying As Non-Primary, Non Energy Exports Reach 12% Of Total GDP Read More »
A new Russia-China cross-border checkpoint has opened, situated at Lesozavodsk, in Primorsky Krai. It is near to the Chinese city of Jixi in China’s Heilongjiang Province, where the Russia-China border runs down the length of the Ussuri River. Lesozavodsk is 10 kilometers from the Sino–Russian border and about 300 kilometers north of Vladivostok. The Lesozavodsk
New Russia-China Ussuri River Cross-Border Checkpoint Opens Read More »
Russian sweet manufacturers have increased their confectionery exports to Kazakhstan by 14% year-on-year to reach over US$360 million in value during the first eight months of 2025, according to Ilya Ilyushin, the CEO of Russia’s Agroexport. He was speaking during an export promotional trip to Kazakhstan. Ilyushin said that confectionery was the main non-energy product
Russian Confectionery Exports To Kazakhstan Up 14% Read More »
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