Russia's Pivot to Asia

INSTC

INSTC Freight Capacity To Increase By 8.3 Million Vehicles Per Annum

Commonwealth of Independent States, India, Infrastructure, Investment, Logistics & Transport, Middle East, Russian Market

The International North-South Transportation Corridor (INSTC), which links Russia to the Middle East, East Africa and South Asia, is set to increase its carrying capacity by 8.3 million vehicles per year, according to the Russia Federal State Budgetary Institution, Rosgranstroy. All major construction and reconstruction works are expected to be completed by 2030, which includes […]

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Iran

Russia, Iran To Create Consortium of Ports and Shipping Companies

Infrastructure, Investment, Logistics & Transport, Middle East, Trade

Russia and Iran are create an association to unite ports and shipping companies of the two countries according to the Russian Ministry of Transport, who announced the plans following talks between Dmitry Zverev, State Secretary and Deputy Minister of Transport of Russia, and Saeed Rasouli, Deputy Minister of Roads and Urban Development of Iran. The

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Amur

Russia, China Study 70 Inland Border River Navigation Capabilities  

China, Exports, Imports, Infrastructure, Investment, Trade

Russia and China have conducted navigation studies for the development of shipping lanes on the border sections of the Amur, Ussuri, Argun, Sungacha and Lake Khanka rivers, according to the Amur basin of inland Waterways (FBU Administration Amurvodput). The recent 66th meeting of the Joint Russian-Chinese Commission for Navigation on Border Rivers agreed on planned

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Global South Image

Global South To Increase Share Of Global Trade: Boston Consulting

Africa, Asia, BRICS, China, Latin America, Middle East, Russian Market, Trade

The countries of the Global South, which include 133 countries in Asia, Africa, Latin America and the Middle East, will trade more actively with China in the next decade, the Boston Consulting Group (BCG) has stated in their latest report. They note that trade turnover between China and the Global South will grow by 5.9%

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Korean War Memorial

North Korea To Permanently Honour Soldiers Who Died In Kursk

Asia, Security

North Korean leader Kim Jong-un has praised the country’s troops deployed to Russia under a mutual defense agreement as heroes, pledging that their sacrifices will be permanently honored in the homeland, according to the Korean Central News Agency (KCNA). The presence of North Korean forces in Russia’s Kursk region, where they were deployed to expel

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Sri Lanka

Oman Joins International North-South Transport Corridor

Infrastructure, Logistics & Transport, Middle East, Trade

Roman Starovoit, Russia’s Minister of Transport, has met jointly with President Vladimir Putin and Sultan of Oman Haysam Bin Tarek Al Said, with an MoU in transport and transit signed between the transport authorities of the two countries. The document realizes the transit potential of the North-South international transport corridor, increases the efficiency of transport

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Sri Lanka

Russia, Sri Lanka Trade Increased 2.4 Times In 2024

Agriculture, Asia, Exports, Imports, Trade

The bilateral trade turnover of agricultural products between Russia and Sri Lanka grew 2.4-fold to reach US$343.7 million in 2024, Russia’s Agroexport federal centre has said. While relatively small, the results show an improvement in the Sri Lanka economy, with the country defaulting on its foreign debts in 2023. Russia has provided some aid assistance.

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Vietnam

Russia, Vietnam Discuss Increased LNG Supplies

Asia, Energy, Exports, Infrastructure

Russia and Vietnam have been discussing supplies of Russian liquefied natural gas (LNG) to Vietnam, during meetings between Russian Energy Minister Roman Marshavin and Vietnamese Deputy Industry and Trade Minister Nguyen Hoang Long. The sides discussed their thus far successful interaction in the oil and gas sector, including the approval of agreements to expand cooperation

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Iran

Russia, Iran Working On Expanding Overland Gas Pipeline Capacity

BRICS, Energy, Eurasian Economic Union, Exports, Infrastructure, Middle East

Russia and Iran are continuing to work on joint projects to create new land corridors for Russian gas shipments to Iran, according to a joint statement issued by Russian Deputy Prime Minister Alexander Novak and Iranian Petroleum Minister Mohsen Paknejad. The two sides also discussed the implementation of other joint energy infrastructure projects. They also

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Uzbekistan image

Russia, China, Uzbekistan Discussing Investment In Uzbekistan Nuclear Power Plant 

Asia, China, Energy, Eurasian Economic Union, Exports, Investment, Russia's Belt & Road

Uzbekistan’s atomic energy agency Uzatom, Russia’s Rosatom Group, China National Nuclear Corporation (CNNC) division CNOS, and Shanghai Electric have been holding negotiations on building turbine equipment and assessing the prospects of adapting it for a nuclear power plant (NPP) project in Uzbekistan. Uzatom has stated that “In the course of the negotiations the parties discussed

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