China

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 and SCO flag

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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Rus Mong Chin Flags

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

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

SCO flag Shanghai

Shanghai Cooperation Organisation Heads Of State Meetings Begin In Astana

China, Commonwealth of Independent States, Eurasian Economic Union, India, Shanghai Cooperation Organisation, Trade

Putin, Xi, Modi and other regional leaders are all attending The annual Heads of State meetings of the member countries of the Shanghai Cooperation Organisation (SCO) has begun in Astana, Kazakhstan. The SCO has different categories of membership, with full members being China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia Tajikistan and Uzbekistan. Three countries —

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Yakutia To Revive Skovorodino Railway With Connections Through To North China 

China, Infrastructure, Logistics & Transport, Trade

Yakutia Railways has proposed the restoration of the Skovorodino – Reinovo railway, which would connect with the Russian Railways network and the Russia-China border crossing at Dzhalinda and Mohe in China’s Heilongjiang Province. That in turn links directly to the provincial capital Harbin, with onward links to Beijing and the Chinese national rail system. Mohe

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Russia-China Financial Logistics Being Carried Out By Smaller Regional Chinese Banks With Limited Western Business Exposure

China, Finance, Trade

Russia’s trade with China has been hampered by the impact of financial sanctions upon Russia, including not just its banks but also its SPFS payment system, which operates as an alternative to SWIFT. The United States and EU have threatened additional sanctions on any bank that conducts financial trade with Russia or connects to its

Russia-China Financial Logistics Being Carried Out By Smaller Regional Chinese Banks With Limited Western Business Exposure Read More »

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