China’s Jigang Group are planning to invest in developing an Industrial Park in Ussuriysk in the Russian Far East. The company is a major manufacturer of specialised steel products for the aviation manufacturing sector. Russia plans to build 570 domestic passenger aircraft over the coming decade.
Construction has begun to develop the Naida Deep Water Port at Tiksi in the Russian Arctic. This will be part of the China-Russia TransArctic Corridor which connects Northern China’s industrial base to the Russian Arctic and provides faster access to European markets for Chinese exporters.
President Putin has met with the Crown Prince of Abu Dhabi, Khaled bin Mohamed bin Zayed Al Nahyan, in New Delhi. The two sides have plenty of development issues to discuss. The UAE-EAEU Free Trade Agreement commences next month, while Russia and the UAE commenced their extensive Trade in Services and Investment Agreement last month. Trade between the two sides is at record levels but is about to undergo a significant, global logistics changing metamorphosis – the Joint Venture between Russia’s FESCO Transport and the UAE’s DP World has created the world’s largest logistics business. This will fundamentally alter Middle Eastern and Asian trade flows, while completely reinventing the UAE economy.
The second Russia-China Forum has just finished In Khabarovsk, a cross-border event that links the Russian Far East with China’s industrial Northeast. This has particular relevance for Russia’s Khabarovsk, Krasnoyarsk and Irkutsk regions, and their connectivity with China’s Heilongjiang, Jilin and Liaoning Provinces, as well as their additional neighbouring regions. We provide a detailed overview of the regional trade and investment, including the significant infrastructure developments taking place right along this border.
The Eastern Economic Forum in Vladivostok has concluded with a huge US$79 billion worth of agreements signed. With significant delegations from China, India, South Korea, Japan, Mongolia and the ASEAN countries all involved, we deep dive what investments are being made and where, the status of the announced deals, and the overall impact this significant event will have on the Russian Far East’s integration into the rest of Asia – as well as the issues to overcome. This is essential reading for anyone involved in East Asian affairs.
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The Russian Foreign Minister, Sergey Lavrov, has released an article outlining Russia’s Arctic policy, including interaction with other countries. We examine what he stated, the implications for China, India, Asia, Europe and the United States and provide analysis on this important subject.
India is planning to send cargo ships along the Northern Sea Route from next year, according to Shri Venkatesapathy, the Indian Shipping Ministry joint secretary. For India, the Arctic route can save up to 40% in distance and about two weeks in travel time to most European ports.
Russia intends to raise over US$400 billion from domestic and overseas investors to complete its Transarctic Transport Corridor. That is about 30% of China’s total spending thus far on the Belt & Road Initiative. The majority of this funding is expected to come from the private sector.
South Korea is developing its Yeosu Gwangyang Port specifically to handle Northern Sea Route logistics, while utilising Russia’s Arctic waters, maritime technology and assistance to develop trade with Northern Europe.
The Hong Kong shipping line Sealegend is to launch the first regular summer shipping service from China to Europe, transiting Russia’s Northern Sea Route. It is the first time a scheduled service is to be operated along the NSR and cuts the journey down by 50%, saving time and money.
Rosatom’s CEO, Alexey Likhachev, has forecast a record cargo transit of forty million tonnes along Northern Sea Route in 2026, an increase of about 10% above 2025 figures. Rosatom is responsible for managing the route and provides nuclear-powered icebreakers to assist with the transit.
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