October 25 Update: Turkiye has now been granted ‘BRICS Partner’ status. See more here. As we suggested would happen earlier in June here Turkiye has made an official application to join the BRICS grouping. A rift with NATO over Ukraine are one reason for Ankara’s reported bid to join the group, which is due to […]
Türkiye Applies To Join BRICS Over NATO and EU Rifts Read More »
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
The 2024 Eastern Economic Forum Opens in Vladivostok Read More »
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
China’s Chery Auto Manufacturer Now The Largest Foreign Company In Russia By Revenue Read More »
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
Russian and Iranian Auto Manufacturers Look To Cooperate Read More »
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
Russia To Evaluate The Performance Of Its International Participation Memberships Read More »
Abrau-Durso, Russia’s leading producer of sparkling wines, has begun producing sparkling beverages in India. Boris Titov, Abrau-Durso’s principal owner has said the initial trial batch will total 10,000 bottles. Unlike the companies usual, champagne style products, the new India production will be a low alcohol sparkling beverage aimed at the youth market and available in
Russian Wine Maker Abrau-Durso To Produce Tonic Beverages In India Read More »
Moscow is hosting the BRICS International Municipal Forum (IMBRICS) from August 27/28, an event that is bringing together city mayors and related municipal officials from 126 countries, 89 Russian regions and 500 cities to discuss and share information on municipal and urban planning. The Government of Moscow is acting as the General Partner of the IMBRICS
Moscow Hosting BRICS International Municipal Forum Read More »
Russian consumer habits are changing, of note to the friendly countries that Russia continues to trade with. In terms of the adult consumer sector, beer accounted just over 50% of Russia’s total alcohol sales since the start of 2024. Beer is now the most popular alcoholic beverage among Russians, accounting for 51% of total alcohol
Russian Beer, Wine Consumption Up, Vodka, Tobacco Down Read More »
South Africa is working with partners to increase exports of wine and fruits to new markets in Russia, according to Pretoria’s embassy in Moscow. The move is part of the African nation’s efforts to expand its market reach beyond Moscow and St. Petersburg, which are its current traditional trade destinations, Cecile Theresa Heppes, an adviser
The Port of St. Petersburg is expanding export support measures and is looking to develop subsidised container shipments to Brazil, Venezuela, Tanzania and Cuba, according to Kirill Soloveitchik, the city chairman of the Committee on Industrial Policy, Innovation and Trade. It is planned that at the first stage, shipments will mainly be carried out in
St. Petersburg Port To Focus On Latin American & East African Trade Read More »
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