Commonwealth of Independent States

Siberia

Western Siberian River Traffic Growing 20-25% As Russia’s River Logistics Boom

Commonwealth of Independent States, Infrastructure, Investment, Logistics & Transport, Russian Market

Sergey Pavlushkin, a director of the Association of Shipowners of Western Siberia has stated that traffic volumes along the regions rivers has been growing steadily with annual increases of 20-25% since 2019. Between 2015 and 2024, local river transport volumes rose from 80,000 to 431,000 passengers and from 700,000 to nearly 1.6 million tonnes of […]

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Caspian

Russia, Caspian Multilateral Relations: 2025 Updates

Asia, Commonwealth of Independent States, Eurasian Economic Union

Russia has just hosted the fourth meeting of the Interdepartmental Commission on Caspian Cooperation, which was chaired by Russian Foreign Minister Sergey Lavrov. Opening the meeting of the Commission, Lavrov made numerous Caspian development statements, of interest to all those involved in the region. We provide his comments and other recent Caspian-related news as follows: 

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Afghani

Afghanistan Negotiating With Russia To Use Own Currencies In Bilateral Trade

Commonwealth of Independent States, Economy, Finance, Infrastructure, Investment, Trade

In encouraging signs that Afghanistan’s trade and investment potential is improving, the Taliban administration is holding advanced negotiations with Russia to allow banks from both countries, both of which are heavily sanctioned in the West, to handle trade worth hundreds of millions of dollars using their own currencies. Afghanistan’s acting commerce minister, Haji Nooruddin Azizi,

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Dagestan Oil

Azerbaijani Olive Oil Producer Invests In Dagestan  

Agriculture, Commonwealth of Independent States, Exports, Foreign Investment, Trade

Azerbaijan’s Isfa plans to invest up to AZN7 million (US$4.1 million) in planting an olive orchard and building an olive oil plant in Dagestan, the Azerbaijan’s Economic Zones Development Agency has reported. Isfa LLC, which has been operating in Azerbaijan since 2015, signed a memorandum on cooperation with Dagestan’s Export Support Center. Under the document,

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Uzbekistan Gas

Russia Upgrades Uzbekistan’s National Gas Turbine Infrastructure  

Commonwealth of Independent States, Energy, Infrastructure, Investment, Trade

Russia’s United Engine Corporation (UEC), a division of state corporation Rostec, have drawn up a plan to modernize Uzbekistan’s gas pumping infrastructure by updating more than 20 gas compressor units (GCU), according to UEC Engineering LLC CEO Andrei Vorobyov. Uzbekistan is the third largest natural gas producer in the CIS and the second largest consumer.

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Afghanistan image

Russian Freight Transit Via Proposed Trans-Afghan Railway Estimated At 8-15 Million Tonnes Per Annum 

Asia, Commonwealth of Independent States, Exports, Infrastructure, Investment, Security

The projection for Russian freight shipments along the planned Trans-Afghan Railway is expected to be completed in 2026, but it is tentatively estimated at 8 million-15 million tonnes per year, Russian First Deputy Prime Minister Denis Manturov has stated. He was speaking at the Innoprom: Central Asia exhibition in Uzbekistan. Manturov said that “The transport

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INSTC

INSTC Freight Capacity To Increase By 8.3 Million Vehicles Per Annum

Commonwealth of Independent States, India, Infrastructure, Investment, Logistics & Transport, Middle East, Russian Market

The International North-South Transportation Corridor (INSTC), which links Russia to the Middle East, East Africa and South Asia, is set to increase its carrying capacity by 8.3 million vehicles per year, according to the Russia Federal State Budgetary Institution, Rosgranstroy. All major construction and reconstruction works are expected to be completed by 2030, which includes

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CIS Meetings

Russia, Commonwealth Of Independent States Foreign Ministers Meeting: CIS Updates

Commonwealth of Independent States, Eurasian Economic Union, Infrastructure, Investment, Trade

The Russian Foreign Minister, Sergey Lavrov, has been attending the annual meeting of the Foreign Ministers of the Commonwealth of Independent States (CIS) in Almaty. The meetings included the Foreign Ministers of Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, and Uzbekistan.   Following the discussions, Lavrov held a Press Conference and took related questions. In this article, he

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Kyrgyzstan

Russian-Kyrgyz Development Fund To Increase 2025 Financing By 7.8%    

Commonwealth of Independent States, Eurasian Economic Union, Finance, Investment, Trade

The Russian-Kyrgyz Development Fund (RKDF) plans to allocate US$161 million to finance investment projects this year, the RKDF has stated. The fund’s financing amounted to US$149.3 million in 2024. The new figures mean it will increase 7.8% in 2025. During the year, US$141 million is expected to go towards direct project financing, and another US$20

Russian-Kyrgyz Development Fund To Increase 2025 Financing By 7.8%     Read More »

VTB

VTB Expands Phone-Number Based, International Financial Transfer Retail Services  

Commonwealth of Independent States, Finance, Trade

Russia’s VTB bank has launched phone number-based transfers to Azerbaijan, in moves that circumnavigate the financial sanctions placed on Russian banks using the SWIFT financial transfer service. Russian retail clients can now instantly send money to Azerbaijan using the recipient’s phone number to clients of the subsidiary bank – VTB Azerbaijan. The transfer is made

VTB Expands Phone-Number Based, International Financial Transfer Retail Services   Read More »

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