The Primorsky Krai regional Government in Russia’s Far East has said that the local JSC Nakhodka Ship Repair Plant (NSRY) plans to assemble Chinese ship engines at its facilities. Cooperation in shipbuilding was discussed at a meeting between various managers of numerous industrial enterprises from Primorye and China on Tuesday (February 25) in Vladivostok. Anatoly […]
Russian Prime Minister Mikhail Mishustin has signed a decree increasing funding for projects aimed at developing economic growth centres in the Russian Far East by another ₽32 billion (US$360 million). The total amount available in the state budget is now ₽73.3 billion (US$830 million). Mishustin said “This will ensure federal co-financing for projects implemented under […]
Maxim Reshetnikov, the Russian Economic Development Minister and Kan Zaw, Myanmar’s Investment and Foreign Economic Relations Minister have signed a memorandum on investment cooperation in Myanmar’s Dawei Special Economic Zone. The document was signed at the fifth intergovernmental Russian-Myanmar commission for commercial and economic cooperation during the Russian delegation’s official visit to Naypyidaw, Myanmar’s capital […]
Freight rail transportation between Russia and Pakistan is scheduled to begin from March 2025, according to the Russian Ministry of Transport. The announcement was made following the results of the Third Caspian Economic Forum in Tehran, during which Russia and Iran signed a Practical Action Plan for cooperation in the transport sector for 2025. This […]
Russia’s FESCO Transport has begun regular ship calls from Vladivostok to South Korea’s Gwangyang port as part of the expansion of the FESCO Korea Soviet Direct Line (KSDL) route. The cargo flow to Gwangyang is mainly Russian timber industry products, which are delivered to various industries in the country. The main KSDL route connects Vladivostok […]
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A new logistics line for commercial transportation, dubbed the “Thai Express” will connect Russia’s Novorossiysk Port to Bangkok. It has been created by A7 Holdings and Novostal-M, with the first ships of the Thai Express to commence service from July this year. Delivery will take at least 30 days. In addition, the cargo turnover from […]
Russia is discussing LNG supplies and development investments with Indonesia and Malaysia, according to Roman Marshavin, Russia’s Deputy Energy Minister. Indonesia and Malaysia have Asia’s largest liquefied natural gas capacity, with the latter ranking fifth worldwide in exporting LNG in 2023. However, their capacity is underutilized, and both countries are experiencing depletion of their resource […]
The Russian Navy has sent some of its Pacific Fleet ships to the Indonesian island of Bali to participate in the international exercise Komodo-2025. The Russian ships travelled more than 6,000 nautical miles, conducted a number of exercises and visited the Chinese Far Eastern port of Qingdao. As part of the exercises, the sailors of […]
Russia’s FESCO shipping has added a new port of call – Pasir Gudang (Malaysia) – to expand the geography of the regular line between Malaysia and Vietnam through FESCO Intra Asia Service (FIAS), the company said in a statement. FESCO Intra Asia Service (FIAS) is a regular sea route from Vietnam to Malaysia and vice […]
Advancing practical cooperation with Asian states is among Russia’s key tasks, Russian Deputy Foreign Minister Andrei Rudenko has said, to mark ‘Diplomat’s Day’ yesterday (February 10). “Advancing practical cooperation with Asian states is listed among key tasks. Despite the unprecedented pressure of the collective West on our partners and the illegitimate anti-Russian sanctions, trade and […]
Trade with the economies of Southeast Asia and Latin America already accounts for more than 70% of Russia’s export-import transactions, and the share of settlements in national currencies under foreign contracts with them is about 90%, according to Alexander Pankin, the Russian Deputy Foreign Minister. He emphasized that Moscow will continue to deepen cooperation with […]
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