Vladimir Putin has instructed the Russian government to develop transport and logistics centers on the border with China and North Korea, according to the Kremlin. The Kremlin statement says “The Russian government has been instructed to take measures to ensure the development of multimodal transport and logistics centers in the Far Eastern Federal District and […]
The Russian Prime Minister Mikhail Mishustin and Chinese President Xi Jinping have met with their respective business delegations at the Great Hall of the People in Beijing. Mishustin was accompanied by Deputy Prime Ministers Tatyana Golikova, Dmitry Chernyshenko, Yury Trutnev and Alexander Novak, Ambassador of the Russian Federation to China Igor Morgulov, Minister of Agriculture […]
Over the past few weeks, grumbles of discontent have begun emerging from the European population, about what appears to economic issues directly created by sanctions imposed upon Russia. These range from Finnish resorts bemoaning the lack of Russian tourists, Italian resorts closing, and Lithuanian cigarette smugglers causing chaos over ballooning in cheap products from Belarus. […]
The government’s interdepartmental working group on the creation and development of Russian Special Economic Zones (SEZ) has approved expanding the Kulibin SEZ in the Nizhny Novgorod Region, with a river port and new production facilities being planned, according to the regional government. The Kulibin SEZ currently has a site in Dzerzhinsk, while the additional 117.7-hectare […]
The “Middle Volga-Caspian International Logistics Forum” has been held in Ulyanovsk, attended by delegations from Russia, Turkmenistan, Azerbaijan, Iraq, and Iran, an important event to discuss operations along the Middle and Southern Corridor aspect of the International North-South Transport Corridor. There are now plans to create a single logistics operator to develop the Middle Volga–Caspian–Persian […]
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Russia’s R-Pharm Group is to invest in a pharmaceutical production plant in Alatau, Kazakhstan, in partnership with the local company Khan Tengri Biopharma, according to Nikolai Zemskov, R-Pharm’s General Director of Commonwealth of Independent States (CIS) markets. He said that “a joint venture company with an investment of US$200 million will build an innovative full-cycle […]
Russia and Mongolia are planning to update the plans to develop railway and roadway transport corridors by the end of the year, Russia’s Deputy Transport Minister, Alexei Shilo, has said. Shilo was meeting with Batmunkh Nasantogtokh, the State Secretary of the Mongolian Ministry of Roads and Transport. They formalized the agreements at this week’s meeting […]
Alexey Overchuk, Russia’s Deputy Chairman, has been speaking at the East Asia Summit in Kuala Lumpur this week and has identified logistics as a key driver in developing Russia–ASEAN regional trade. Overchuk stated, “Given its geographical location and colossal transit potential, Russia invests in global transport connectivity through the development of transport corridors connecting Eurasia […]
Japan will continue importing Russian liquefied natural gas (LNG) despite pressure to halt purchases, Japanese Prime Minister Sanae Takaichi told US President Donald Trump on Tuesday. Trump was visiting Tokyo as part of a broader Asia tour and urged Japan to suspend Russian energy imports. The new Japanese prime minister, however, emphasized Japan’s own energy […]
The cost of transporting a 40-foot container on the Shanghai—Moscow route, despite an increase in October this year, remains at a five-year minimum—at US$5,300, according to the Centre for Price Indices estimates. However, rates for the Russian Federation remain more expensive than for China delivery to the European Baltic States ports and to Finland at […]
The Russian Foreign Minister Sergey Lavrov met with Choe Son-hui, the Foreign Minister of North Korea (DPRK), who is in Moscow on a working visit. During the talks, the ministers discussed current issues concerning the development of bilateral relations, including practical cooperation, with particular focus on the implementation of the agreements reached during the talks […]
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