Russia's Pivot to Asia

Rubles Lira

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT 

Economy, Finance, Infrastructure, Middle East, Trade

Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office […]

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT  Read More »

Indonesia

Russia, Indonesia Agricultural Trade Up 41.4% In 2024

Agriculture, Asia, BRICS, Eurasian Economic Union, Exports, Imports, Trade

Russia and Indonesia grew their trade turnover of agricultural products to nearly US$1.5 billion in 2024, up 41.4% compared to the previous year, according to Russia’s Agroexport centre. This included approximately 1.4 million tonnes of agricultural goods. The main commodity items in the value structure of Indonesian imports from Russia in 2024 were wheat (92.3%),

Russia, Indonesia Agricultural Trade Up 41.4% In 2024 Read More »

Euroclear

Hong Kong Developing Alternative Clearing House After Euroclear’s Distribution Of Russian Assets 

China, Economy, Finance, Trade

Hong Kong’s Exchanges and Clearing house, which runs the Hong Kong stock market, said last week that it was working with the Hong Kong monetary authority to develop an Asian international settlement house intended to rival Belgium’s Euroclear and Luxembourg’s Clearstream. The move comes as a bid to lessen dependence on western financial infrastructure, and

Hong Kong Developing Alternative Clearing House After Euroclear’s Distribution Of Russian Assets  Read More »

Veitnam

Russian Tourists and Digital Nomads Favouring Vietnam

Asia, Exports, Logistics & Transport, Trade

The Vietnamese Ambassador to Russia, Dang Minh Khoi has stated that more than 80,000 Russian tourists have visited Vietnam between January 1 and March 10, with a total of 400,000 to 500,000 Russian tourist arrivals expected over the full year.  Dang said that over 250,000 Russian tourists visited Vietnam in 2024, as tourist arrivals started

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Rezkyy

Russia, China and Iran Conduct Joint Navy Drills In The Arabian Sea   

Asia, China, Middle East, Security

The Joint Maritime Security Belt 2025 exercise involving Russian, Iranian, and Chinese warships has begun from Iran’s Chabahar port in the Gulf of Oman. The Russian side is represented by the Rezky and Hero of Russia Aldar Tsydenzhapov corvettes, and the Pechenga tanker of the Pacific Fleet. China had deployed two warships and one logistics

Russia, China and Iran Conduct Joint Navy Drills In The Arabian Sea    Read More »

RussiaUzbekistan

Russia, Uzbekistan: 2025 Trade & Investment Update   

Commonwealth of Independent States, Eurasian Economic Union, Exports, Imports, Trade

Russia’s First Deputy Prime Minister Denis Manturov has been meeting with Uzbekistan’s Deputy Prime Minister Jamshid Khodjaev in Moscow. Manturov and Khodjaev are co-chairs of the Russia-Uzbekistan intergovernmental commission on economic cooperation. The two parties discussed priority issues regarding bilateral cooperation during the meeting, with Manturov emphasizing the significant potential of interregional cooperation. The two

Russia, Uzbekistan: 2025 Trade & Investment Update    Read More »

Belarus Pakistan

Russia, Belarus and Pakistan Sign Freight Transport Agreements To Access “Far Arc” Destinations   

Africa, Commonwealth of Independent States, Exports, Imports, Infrastructure, Trade

The Belarus Ministry of Transport and Communications has said that logistics companies from Russia, Belarus and Pakistan have signed a MoU that will allow increasing freight traffic between the three countries, but also with the countries of the “Far Arc” which also includes Brazil, Cuba, and Venezuela in Latin America; Nigeria and South Africa in

Russia, Belarus and Pakistan Sign Freight Transport Agreements To Access “Far Arc” Destinations    Read More »

China Grain

Russia Overtakes United States In Wheat Exports To China For The First Time 

Agriculture, China, Exports, Trade

The Rusagrotrans analytical centre, which services Russian agricultural logistics, has stated that Russia exported 275,000 tonnes of wheat to China in the first eight months of the current agricultural year from July 2024 to February 2025. This has exceeded the volume of supplies from the United States to China for the first time.   Rusagrotrans

Russia Overtakes United States In Wheat Exports To China For The First Time  Read More »

AfricaGrain

Russian Agricultural Exports To Africa Up 19%, Shipped To 45 Countries In 2024 

Africa, Agriculture, Exports, Trade

The Russian Agriculture Ministry’s Agroexport centre has said that Russia boosted exports of agricultural products to Africa 19% year-on-year, valued at over US$7 billion in 2024, shipping products to 45 countries on the continent. Egypt was the largest buyer, increasing imports from Russia 21% in value terms. Egypt is a leading importer of Russian wheat,

Russian Agricultural Exports To Africa Up 19%, Shipped To 45 Countries In 2024  Read More »

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