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 »
Belarus and China are to sign a Free Trade Agreement covering services and investment, Belarusian President Alexander Lukashenko said at a meeting with Chinese Premier Li Qiang in Minsk on Thursday (August 22). Lukashenko said that “Our two parties will sign documents formalizing plans for their future partnership in key areas. One of them is
Belarus and China to Sign Technology Investment and Services Free Trade Agreement Read More »
Some Chinese supplies to Russia are switching to third-party, rather than direct routes for sending goods to Russia due to difficulties with sanctions and logistics. Western governments have issued ‘stop’ notices on numerous products to Russia, including electronic and so-called ‘dual-use’ items, which if ignored can result in sanctions being imposed on Chinese suppliers themselves
China Suppliers Sending Russian Market Goods Via Third Party Countries Read More »
Russian presidential aide Nikolai Patrushev, who oversees the country’s national maritime policy, has stated that the Arctic ports of Murmansk, Arkhangelsk, Dikson, Tiksi and Pevek are the priority developments to allow the Northern Sea Route (NSR) to become one of Russia’s main transport arteries. This needs to be carried out in conjunction with the development
Russia To Prioritise Development Of Five Arctic Ports & Three Connecting Rivers Read More »
Russia’s FESCO Transport Group has launched a regular marine service for the delivery of bulk cargoes from Shanghai to St. Petersburg, the company has said. This includes services for the collection of goods from warehouses within a radius of up to 300 km from Shanghai. The first container ship within the framework of the service
FESCO Launches Bulk Cargo Maritime Freight Service from Shanghai to St. Petersburg Read More »
China’s main thrust into the potential of investing in Russia as part of its global Belt & Road Initiative (BRI) overseas investment and infrastructure plan essentially began in 2018, when the Chinese government published its “China-Russia Cooperation and Development Plan for the Russian Far East (2018-2024).” This is a programmatic policy document guiding cooperation between
Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently
Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system.
Russia and China To Conduct First Barter Trade Deals In September / October Read More »
Russia’s natural resource trade with China exceeded US$65 billion in H1 2024, according to China’s Ministry of Customs, reaching record levels. Overall, Russian exports of natural resources to China increased by 4% over the same period last year, year-on-year, reaching a new high of US$65.2 billion between January and June of this year. Oil and
Russia’s Natural Resource Exports to China In H1 2024 Reach New Highs Read More »
Several Western airlines are pulling out of routes servicing China as sanctions have forced Western carriers to incur greater operational costs by avoiding Russian airspace. British Airways, Virgin Atlantic and Quantas are just three who are giving up what were lucrative direct flights to Beijing and Shanghai. Other, BRICS and BRICS related airlines are now
Western Airlines Pull Out Of China, Leaving Huge Development Opportunities For The BRICS Read More »
Русский