Russia has agreed to sell diesel, auto and aviation fuel to Mongolia at the same domestic rates as are available in Russia. A liter of diesel in Mongolia is currently half the price in Germany.
The Russian and Indonesian Presidents and their respective economic development teams have met in Moscow. We deep dive the meetings that were held, with an onus on energy, bilateral trade growth and mutual investments. Indonesia has a population double that of Russia and an economy growing five times faster.
Global supplies of helium have dropped by 30% after Qatar, the world’s largest producer has had exports dry up as a result of the Iran war. The United States is now the largest global exporter and is making huge mark ups on supplies to its allies. Russia is the world’s third largest exporter and has banned exports to ‘unfriendly countries’. Helium is a critical gas for use in semi-conductor and other hi-tech manufacturing. This is very bad news for European and some East Asian IT manufacturers, with global ramifications.
Logistical problems in the Middle East, combined with increased costs for shipping oil and gas from others sources in North America, Latin America and Africa mean that East Asian governments are once again looking at Russia and the Northern Sea Route for deliveries. We examine the pros and cons.
The Russian and Indonesian Presidents are meeting in Moscow to discuss trade development, along with their respective economic and trade teams. Indonesia is a full member of BRICS, and has a Free Trade Agreement with the Eurasian Economic Union that entered into force last year. Bilateral trade is currently worth about US$4.7 billion.
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Thai investors have been acquired several pig farming assets in Russia’s Novogorod region. Pork consumption in both Russia and Asia is increasing, making this an apparent win-win situation for investors.
Russia’s TVEL, a subsidiary of Rosatom, has begun delivering nuclear fuel to China’s Xudabao Nuclear Power Plant in Liaoning Province, while also starting work at China’s Tianwan Nuclear Power Plant in China’s Jiangsu Province. Similar operations are expected to take place this year in Bangladesh and Turkiye.
Russia and Pakistan have commenced discussions concerning a Pakistan-Eurasian Economic Union Free Trade Agreement. Pakistan has an economy worth over US$2 trillion and a consumer market of over 250 million people. Moscow see Pakistan as a promising partner in the region with significant potential for growth.
Russia’s Foreign Minister, Sergey Lavrov, has met with the Ambassadors of all the 57 Organisation of Islamic Cooperation (OIC) members, stressing the need for further cooperation and trade development. The OIC has a combined population of about 25% of the entire world’s people.
Sri Lanka has begun purchasing oil from Russia after supplies from its normal Middle East suppliers were disrupted a month ago. The price of fuel has rocketed and shortages have been affecting many aspects of local life and services. The first shipments are due to arrive at the end of this month.
Russia has stepped up diplomatic and energy supply chain developments this past month with visits to India, Bangladesh and Sri Lanka, while Pakistan and Afghanistan, both bordering Iran, are also developing as key links in new emerging South Asian oil and gas infrastructure and architecture. We examine what is happening in a region that Russia is almost right in the centre of as regards energy security and future supplies.
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