Russia intends to introduce wool auctions and include wool among exchange-traded commodities to regulate and structure this market segment, according to Kseniya Bobyleva, deputy director of the Department of Light Industry and the Timber Complex at the Russian Ministry of Trade and Industry. She was speaking at the 25th Russian Exhibition of Pedigree Sheep and […]
Russia’s FESCO shipping has completed its first direct ship call to Ho Chi Minh City, on Vietnam’s east coast. The service operates on FESCO’s Baltorient Line (FBOL) service, which takes in St. Petersburg, as well as ports in India and China. The transit time from St. Peterburg to Ho Chi Minh City is about 34 […]
The Russian Foreign Minister, Sergey Lavrov, has given an interesting speech and held a Q&A session with the Diplomatic Club in Moscow, which includes attendees from the Russian Foreign Ministry academy, Russian Regional Governors, and Foreign Ambassadors. The event was the first to be held since the covid pandemic. In a wide ranging presentation, Lavrov […]
The Russian President, Vladimir Putin, has invited all Heads of State and the Secretary General of the Arab League for the first Russia-Arab summit on October 15, according to a statement from the Kremlin. Putin has stated that “I am confident that this meeting will contribute to the further strengthening of mutually beneficial, multifaceted cooperation […]
Russian diamond-mining giant Alrosa has stated that it has mined the largest diamond in Russian history. The 468-carat, amber-colored diamond has been named “80 Years of Victory in the Great Patriotic War,” referring to the Soviet victory in World War II. Alrosa CEO Pavel Marinychev said: ‘To date, this is the largest gem-quality diamond mined […]
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Russian President Vladimir Putin spoke by phone with the Chairman of the People’s Council of Turkmenistan, Gurbanguly Berdimuhamedov, who flew to Kazan to participate in the International Economic Forum “Russia – Islamic World”. The conversation between the politicians was reported by the Kremlin press service. “Vladimir Putin and Gurbanguly Berdimuhamedov warmly congratulated each other on […]
This past May 16, 2025 in the town of Suifenhe, Heilongjiang Province, China, the Russian Export Center (REC) jointly with Chinese partners opened the first warehouse distribution center under the “Made in Russia” brand. The total area of the warehouse distribution center in Suifenhe is 4,600 sq. m. The warehouse already stores more than 900 […]
Dubai has been building its crypto credentials for several years and sees itself as a Middle East crypto hub. In March 2022, it established VARA, calling it the world’s first independent crypto regulator, and has awarded licenses to exchanges including Binance and OKX. It also initiated a metaverse strategy aiming to attract 1,000 metaverse and […]
Russian businesses are increasingly interested in Oman as a business jurisdiction than the traditionally popular United Arab Emirates, whose status as the Middle East’s standard hub for registering companies and conducting settlements could be at risk from a tightening of Western regulatory requirements and sanctions compliance. More frequent requests are being seen to register companies, […]
The XVI International Economic Forum “Russia – the Islamic World: KazanForum” is taking place from May 13 to May 18 in Kazan. The main theme of the forum in 2025 is “Digitalization: a new reality and additional opportunities for expanding cooperation.” Several thousand people taking part representing over 100 countries. To put it in a […]
Russia boosted exports of agricultural products to the United Arab Emirates 26% year-on-year to over 290,000 tons in the first quarter of 2025, the Agriculture Ministry’s Agroexport center said, citing preliminary expert estimates. Russia increased shipments of dairy products the most at 7.7-fold to 54 tons from 7 tons, with ice cream exports accounting for […]
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