China

Russia To Develop A Pacific Ocean Port for Belarus Exports To China

China, Eurasian Economic Union, Investment, Trade

Oleg Kozhemyako, the Governor of Russia’s Far Eastern Primorsky territory, has stated that a special port for use by Belarusian exporters will be developed on Russia’s eastern seaboard. The announcement was made after Kozhemyaako met with Alexander Lukashenko, the President of Belarus in Minsk earlier this month. Chinese developers are also interested in the construction

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Primorye Krai Targets US$11 Billion China Trade For 2024

BRICS, China, Investment, Trade

The government authorities of Russia’s Primorye Krai region, which borders China and North Korea, aim to boost trade with China up to US$11 billion by the end of 2024. The statement comes as the region hosts a delegation for the facilitation of international trade from China’s northern Heilongjiang province, which shares a significant border with

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The Evolution, Difficulties & Opportunities Of Creating A BRICS Currency

BRICS, China, Eurasian Economic Union, Finance, India, Shanghai Cooperation Organisation, Trade

Discussions concerning the development of a new, potential BRICS currency have been on-going for some time, yet have intensified in recent months due to several Heads of States meetings taking place that have actively discussed and committed research into the issue. A trend is emerging in the modern geopolitical landscape: large international associations such as

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BRICS “B20” Proposed As A Global Parliamentary Bloc As New Members Clamour To Join 

Africa, BRICS, China, India, Shanghai Cooperation Organisation, Trade

The BRICS tenth parliamentary forum has been taking place in St. Petersburg, with major structural changes being discussed to manage the blocs development. Russia is the current chair of the forum, which was presided over by the Russian President, Vladimir Putin. He stated that “Thus far, BRICS does not have its own institutionalized parliamentary structure.

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Russia, Shanghai Cooperation Organisation Trade Hits US$330 Billion

China, India, Shanghai Cooperation Organisation, Trade

Anton Alikhanov, the Russian Industry and Trade Minister, has stated that mutual trade between Russia and the members of the Shanghai Cooperation Organization (SCO) surged by 25% in 2023, reaching US$333 billion. The SCO completed their annual Heads of State meetings in Astana last week. This means that Russia’s trade with the SCO equates to

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China’s RMB Yuan Accounts For 99.6% Of All Forex Trade On The Moscow Stock Exchange

China, Finance, Trade

China’s RMB Yuan accounted for virtually the whole volume of exchange forex trading after the imposition of sanctions against the Moscow Exchange (MOEX), making up 99.6% of all transactions, the Central Bank of Russia has stated. Trading volume on the over-the-counter forex market reached ₽13 trillion (US$148 billion) in June. When sanctions were first imposed

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Russia-Mongolia-China Economic Corridor To Be Developed

China, Infrastructure, Logistics & Transport, Shanghai Cooperation Organisation

Russia’s Foreign Minister Sergei Lavrov has held trilateral meetings with Chinese Foreign Minister Wang Yi and Mongolian Foreign Minister Batmunkh Battsetseg on the sidelines of the Shanghai Cooperation Organization Council of Heads of State meetings in Astana.  The Russian Foreign Ministry said that “During a substantive conversation, they exchanged views on enhancing trilateral cooperation in

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Xi, Putin, Want Pricing Agreement On Power of Siberia 2 “As Soon As Possible” and Instruct Gazprom and Sinopec To Make A Deal

China, Energy, Shanghai Cooperation Organisation

Russian President Vladimir Putin met with Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization summit in Astana yesterday (July 3), and have instructed the two countries’ responsible companies to agree on the terms of gas supply via the Power of Siberia 2 pipeline “as soon as possible,” according to Russian Deputy

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