The countries of the Shanghai Cooperation Organization (SCO) are preparing for the annual Heads of State summit, which will take place from August 31 to September 1 in Tianjin, China. Both Russia and China have stated they intend to take the SCO to a level that “goes up forever.” However, as Russia’s Foreign Minister, Sergey […]
Russia has imposed an immediate halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels—a move that will disrupt over 2% of global crude supply. The restriction, which took effect immediately following President Vladimir Putin’s […]
The Russian Foreign Minister, Sergey Lavrov, has met with Maria Lucas, the Foreign Minister of Mozambique in Moscow. Mozambique lies along the east African coast and acts as a link between the Indian ocean and the heart of the African continent. This is what Lavrov had to say in a de-briefing after the discussions: “We […]
Average monthly salaries in Russia are expected to grow to ₽100,000 (US$1,273) by the end of 2025, an increase of 12% over the year, according to Izvestia, Russia’s equivalent of the Financial Times. The best earners now are in the IT sector, finance and raw material extraction, insurance, construction, transportation and storage, while the manufacturing […]
Hungary’s Foreign Minister Peter Szijjarto said the country was making progress in talks with Moscow and Belgrade on building a new oil pipeline between Hungary and Serbia. Szijjarto said, “While Brussels is blocking Russian energy supplies, cutting off connections, and blocking routes, we need new sources and new routes. Hungary will not fall victim to […]
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China’s Great Wall Motors (GWM) will build a new plant for the production of automobile components and transmissions in Russia’s Tula Region. GWM and the regional government signed the agreement on the sidelines of the St. Petersburg International Economic Forum in June. The plant, which will create 1,000 jobs, will be built at the Uzlovaya […]
The Chinese car manufacturer Changan has stopped producing its cars at the Avtotor plant in Kaliningrad and now plans to supply its cars to Russia from Kazakhstan. The first deliveries are scheduled for autumn 2025, with the Changan CS55 Plus crossover the first to be imported into Russia. The cars will be assembled at the […]
Russia shipped a record amount of pork to North Korea in H1 this year, with exports from January to June amounting to 1,200 tons, according to the Russian Agroexport Center. This is more than double the total of 700 tons exported for all of 2024. Agroexport said that other Russian agricultural goods exports to North […]
Russia’s precious metals exports to China nearly doubled in the first half of 2025, with gold leading the way as prices continue to soar. Shipments of Russian gold, silver, and other ores sent to China shot up by 80% compared to the same period last year. The jump lines up with a sharp rally in […]
Russian Post has announced that it has resumed “parcel shipments” to North Korea, reestablishing a postal connection that has been suspended since 2020 due to the Covid pandemic. Russian Post carried out several test deliveries in May, and said that individuals and companies can now send packages weighing up to 20 kg. They stated that […]
Russia is targeting large markets in Vietnam, Indonesia, Malaysia, the Philippines, and Bangladesh for grain exports, according to Ilya Ilyushin, head of state export agency Agroexport. The new grain marketing season began on July 1. Russia is the world’s largest wheat exporter and is seeking to diversify agricultural exports beyond traditional buyers such as Egypt […]
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