BRICS

Russia-India Joint Venture Wins US$6.5 Billion Contract To Build Electric Trains

BRICS, India, Investment, Logistics & Transport

Kinet Railway Solutions, a company formed by Transmashholding, Russia’s largest locomotive and rail equipment manufacturer, and the Indian government-owned Rail Vikas Nigam Limited (RVNL), have announced that they have won a US$6.5 billion Indian government contract to manufacture 120 electric trains for Indian Railways at Kinet’s production facility in Latur, Maharashtra. The company won the […]

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Chinese Vice President, Han Zheng’s Speech At The Eastern Economic Forum: Analysis 

BRICS, China, Investment, Trade

Han Zheng, China’s Vice President, has been attending the Eastern Economic Forum in Vladivostok, and gave a speech at the event. China is Russia’s largest trade partner and shares a significant border with the Russian Far East. This is what he had to say: “Forum participants, ladies and gentlemen, friends. I am happy to be

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Malaysia Views ASEAN’s Russia Engagement As A “Development Lynchpin”

BRICS, Trade

The Malaysian Prime Minister, Anwar Ibrahim, has been attending the Eastern Economic Forum in Vladivostok, and delivered a Keynote speech at the event. Malaysia is poised to be the new ASEAN Chair for 2025, and, Ibrahim said, remains committed to reinforcing the bloc’s centrality while exploring synergies with regional and key dialogue partners. ASEAN includes

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The 2024 Eastern Economic Forum Opens in Vladivostok

BRICS, Eurasian Economic Union, Foreign Investment, Trade

The 9th annual Eastern Economic Forum (EEF) opened on Tuesday (September 3) in Vladivostok.  The EEF is Russia’s largest development and investment platform for Asia and is targeted at developing the economy of the Russian Far East and expanding international cooperation in the Asia-Pacific region. This year’s primary showcase guest is Vietnam, while around 6,000

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China’s Chery Auto Manufacturer Now The Largest Foreign Company In Russia By Revenue

BRICS, China, Foreign Investment, Trade

Chinese car manufacturers Chery has become the largest foreign company in Russia by revenue in 2023, according to Forbes magazine. Chery is the first ever Chinese company to claim the top spot in the Forbes ranking. The brand increased its sales in Russia by 300% year-on-year to over ₽590 billion (US$6.65 billion). According to the

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Russian and Iranian Auto Manufacturers Look To Cooperate  

BRICS, Eurasian Economic Union, Investment, Trade

Iranian and Russian automobile and parts manufacturers met at the MIMS Automobility Moscow 2024 last week to discuss ways to strengthen cooperation, as bilateral trade and supply of Iranian auto parts has increased by 450% since the county signed a Free Trade Agreement with the Eurasian Economic Union and joined BRICS. The Iranian delegation, led

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International Organizations Image

Russia To Evaluate The Performance Of Its International Participation Memberships

BRICS, Economy, Investment, Shanghai Cooperation Organisation, Trade

The Russian government is to put into place a more assertive approach in promoting its national concerns and development agenda within multiple international organizations, including the World Bank, APEC, OECD, APEC, G20 and BRICS amongst others. To do this, the Ministry of Finance (MoF) has selected the Economic Expert Group, who during 2024–2025, will conduct

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