The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets. The BRICS controls 46 million barrels per day of oil production and is implementing BRICS plus currency shift mechanisms through Yuan-denominated contracts, Indian Rupee – Russian Ruble swaps, […]
The European Commission is preparing to ban new gas supplies with Russia, which includes the banning the signing of any new contracts with pertinent gas suppliers with immediate effect, and terminating all longer-term contracts by January 1, 2028. However, this initiative is planned to be implemented in such a way as to avoid the possibility […]
North Korea will send thousands of engineers and military personnel to Russia’s Kursk Region to assist in demining operations and reconstruction efforts, Russian Security Council Secretary Sergey Shoigu said on Tuesday (June 17). He has been in Pyongyang to discuss investment and security issues with the North Korean leader, Kim Jong-un. North Korean troops fought […]
Russian Transport Minister Roman Starovoit has stated that Russian airlines are to sign contracts for 200 MS-21 aircraft, with the certification process for the aircraft already underway. He was speaking at the 2025 St. Petersburg International Economic Forum (SPIEF). Western aircraft manufacturers have lost the Russian market after Western countries imposed bans on aircraft from […]
A general contract with Rosatom to build a nuclear power plant in Kazakhstan will be signed after the conclusion of intergovernmental agreements to regulate bilateral cooperation and financing issues, according to the Kazakh Nuclear Energy Agency (NNC) They have stated that “This contract will be signed after the conclusion of intergovernmental agreements between Kazakhstan and […]
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Russia’s H&N (Health & Nutrition), which incorporates the former assets of France’s Danone that exited Russia, increased its revenue 21.6% to over ₽140 billion (€1.54 billion) last year, while production grew 20.6% to nearly 950,000 tonnes. Danone, which had operated successfully in Russia for over 30 years, completed its Russian business sale to Vamin R LLC of Tatarstan […]
Russia’s VTB bank, the second largest in Russia, has finalized the legal merger of Crimea’s largest bank, the Russian National Commercial Bank, (RNCB), with integration procedures to be completed by the end of 2025, according to VTB CEO Andrei Kostin. He stated that “Completing RNCB’s integration is not just a technical step. We hold RNCB […]
Foreign transport companies, including those from the CIS countries, are showing great interest in studying Russia’s approaches to building the country’s first high-speed railway (HSR), according to Russian Transport Minister Roman Starovoit. Russia is preparing to build an HSR between Moscow and St. Petersburg. Starovit said that “The subject of the high-speed railway is a […]
Turkmenistan’s Deputy Prime Minister Khojamyrat Geldimyradov has stated during the Russian National Day celebrations (June 12) at the Russian embassy in Ashgabat, that Russia is a key trade partner of Turkmenistan with 2024 bilateral trade exceeding US$1.6 billion. He said that bilateral trade grew 58% between January and May this year alone. If maintained, that […]
The German Economic Institute has reported that Russia’s exports have grown considerably compared to figures recorded prior to the Ukraine conflict and despite sweeping Western sanctions. In a report published on Friday (June 13), the institute stated that “despite all European efforts, Moscow is ‘skilfully exploiting the loopholes in the sanctions regime to expand its financial resources.’” […]
Russian President Vladimir Putin has held discussions with both Israeli Prime Minister Benjamin Netanyahu and the Iranian President Masoud Pezeshkian in the wake of this weekend’s attacks by Israel on Iran and the subsequent Iranian retaliation. It is believed he is the only world leader still able to discuss – and potentially mediate – between […]
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