Both Russia’s inbound and outbound tourism sectors are booming despite Western sanctions designed to prevent it. Instead, the market has completely recalibrated. We deep dive what is happening in this important development sector and the economic impact and investments this is producing both in Russia and in overseas markets.
Russia and South Korea have both increased their ice cream exports into each others markets. Young Russian consumers are buying into the K-Pop phenomena while Soviet classic recipes are nostalgic and popular with older Koreans.
Russia and Malaysia are to collaborate on developing joint special economic zones in the Russian Far East. These are likely to include the agriculture, light manufacturing and energy sectors and lead to further future joint ventures between Russian and Malaysian manufacturers.
Russia has been developing a massive international railway strategy that includes multiple industrial development sectors and infrastructure across Central Asia, the Middle East, India, China, and deep into Southeast Asia on a scale little recognised. We deep dive the expansion of Russia’s railway development, how it is managing this, and the potential new routes that could become available.
Pakistan’s Ambassador to Russia, Faisal Niaz Tirmizi, has said that Pakistan will complete a Free Trade Agreement with the Eurasian Economic Union anytime within the next two years. We provide a breakdown of Pakistan’s current trade with the EAEU countries.
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Bangladesh runs a substantial Rupee trade deficit with India, but doesn’t trade such huge amounts with Russia. Consequently, to get around the Bangladesh-Russia trade imbalance and mitigate against threatened US sanctions on Dhaka, the two sides are discussing the use of Indian Rupees rather than the Bangladesh Taka to settle their mutual trade volumes of about US$2 billion per annum.
Russia’s Foreign Minister Sergey Lavrov has met with Mohammad Ishaq Dar, the Deputy Prime Minister and Foreign Minister of Pakistan. We discuss the latest developments in infrastructure and trade, including Pakistan wanting to join the INSTC, develop the energy industry, and negotiate a trade deal with the Eurasian Economic Union.
Russia’s Foreign Minister Sergey Lavrov has met with Khalilur Rahman, the Foreign Minister of Bangladesh. Bilateral trade and investment ties are booming, especially in nuclear energy and agriculture. We discuss the latest bilateral trends and developments.
The Russian Foreign Minister Sergey Lavrov has met with Vijitha Herath, the Sri Lanka Minister of Foreign Affairs. We discuss the latest trends in bilateral trade and development.
The Russian Foreign Minister, Sergey Lavrov, has met with Thongsavanh Phomvihane, his Laos counterpart. We discuss the latest trends and data from their rapidly growing bilateral trade and development relationship.
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.
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