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Eurasian Economic Union Agrees Unified Customs Transit System With Third Countries

China, Eurasian Economic Union, Regulatory, Trade

The Supreme Eurasian Economic Council, which oversees legislation on behalf of the Eurasian Economic Union, (EAEU) has signed an agreement on a Unified Customs Transit System between the EAEU and third countries. The agreement is important as it reduces transport costs from the EAEU to its major trading partners.  The agreement defines the legal framework […]

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China T Bank

Russia’s T-Bank To Open Branches In Xi’an and Shanghai

China, Finance, Trade

Russia’s T-Bank (formally Tinkoff Bank) has revealed plans to establish branches in Shanghai and Xi’an. Currently, only Russia’s VTB branch operates in China, while Sberbank and Alfa Bank have announced plans to enter the Chinese market, but their opening has not yet been announced. However, the Chinese market is in demand, especially for providing services

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Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating

Asia, China, Imports, Russian Market, Trade

The Russian Union of Travel Industry (RUTI) has said that up to 2.5 million foreigners visited Russia for tourist and business purposes in 2024, 95% more than in 2023. The RUTI stated that “The number of foreign tourist arrivals in Russia may reach 1.8 million, in addition to about 0.7 million business trips in 2024.

Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating Read More »

Russia 2024 Northern Sea Route Shipping Up 3% 

China, Exports, Infrastructure, Logistics & Transport, Trade

Russia’s Rosatom state nuclear energy corporation has forecast that the cargo flow along the Northern Sea Route (NSR) reached 37.9 million tonnes in 2024. The data was revealed by  Vladimir Panov, Rosatom’s special representative for Arctic development. Rosatom is responsible for the operation of Russia’s nuclear ice-breaker fleet, which supports transiting container vessels.   Panov said

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China Gas

New Russia – Kazakhstan – China Gas Pipeline Agreed

China, Commonwealth of Independent States, Energy, Exports, Infrastructure, Trade

Russia has begun developing a new gas pipeline to China via Kazakhstan that will have a planned annual capacity of 45 billion cubic meters (bcm), according to Russian Deputy Prime Minister Aleksandr Novak. In a model that will be of interest to Mongolia, China will receive 35 bcm of gas per year via the conduit,

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Russia’s Asian Year – Achievements Made During The Turn To The East

Asia, BRICS, China, Economy, India

By Kirill Babaev, Director of the Russian Institute of China and Contemporary Asia, of the Russian Academy of Science The past year has become very successful for the growing trend of a “Pivot to the East” in Russian foreign policy. It seems that Russia this year has finally fully realized that the Asian region can

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Plastic

Chinese Imports Of Russian Plastics Increase 7.44% In November: Implications For China EV Production 

China, Exports, Trade

China increased imports of Russian plastics and plastic products 7.44% month-on-month in monetary terms in November to US$42.61 million, according to statistics from China’s General Administration of Customs. Imports have fallen 3.3% year-on-year, however the recent upsurge suggests that China’s manufacturing sector, which has been in the doldrums, could be moving into greater productivity. Polyethylene

Chinese Imports Of Russian Plastics Increase 7.44% In November: Implications For China EV Production  Read More »

Sakhalin

Russia, China To Introduce Regular Direct Sakhalin-Harbin Flights From January

Asia, China, Logistics & Transport, Trade

Russia’s Yuzhno-Sakhalinsk Airport, the main airport for the Sakhalin Islands in the Russian Far East, has signed a cooperation agreement with China’s Heilongjiang Airport Management Corporation, based in Harbin, the capital of China’s Heilongjiang Province, near to the border with Russia.  The agreement envisages the development of air transport between Sakhalin and China. The signed

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pig

Russian Pork Exports Rooting For A 2025 Increase, With China A Key Market

Agriculture, China, Exports, Trade

Russia could increase pork exports to 320,000-350,000 tonnes in 2025, according to Yury Kovalev, the CEO of the Russian National Union of Pork Producers. A more precise forecast will depend on whether China expands the list of Russian suppliers or if it will continue to include only three companies. Kovalev that “Without any expansion of

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President Putin’s Annual Q&A: On European Politicians & His Banking Arrangements

China, Finance, India, Trade

The Russian President, Vladimir Putin gave his annual public Q&A address on Thursday (December 19) with him fielding questions from across Russia, including the general public and journalists. In Part One we focussed on Q&A that were asked relating to the Russian economy, and the development and purpose of the BRICS. In Part Two, we

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