Eurasian Economic Union

Russian Foreign Minister Attends ASEAN Ministerial Meetings 

BRICS, Eurasian Economic Union, Trade

Russian Foreign Minister Sergey Lavrov will visit Laos from July 25-27, where he will take part in meetings of top diplomats of the Association of Southeast Asian Nations (ASEAN) and hold a number of bilateral meetings. The meetings in the Laotian capital of Vientiane will be held at the foreign ministerial level in three formats: […]

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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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Russia – Kyrgyzstan Eurasian Development Agenda Puts Priority On Regional Trade

Eurasian Economic Union, Investment, Trade

Sergey Glazyev, the Eurasian Economic Union Minister for Integration and Macroeconomics, has been taking part in the 11th Russian-Kyrgyz Interregional Conference in Krasnoyarsk. The event is annually attended by heads of regions, entrepreneurs, representatives of business development and support institutions of the countries of the Eurasian Economic Union (EAEU). These include Armenia, Belarus, Kazakhstan, Kyrgyzstan

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Indian Exporters Want Greater Market Access in Russia

BRICS, Eurasian Economic Union, India, Trade

The Indian government is in discussions with Russia on easing non-tariff trade barriers, with the goal of boosting its exports to the country, Indian Commerce Secretary Sunil Barthwal has stated. The move comes after Russia-India trade has boomed in favour of Russian exports, but left Moscow with an over-abundance of Rupees in its capital account.

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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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Eurasian Economic Union, United Arab Emirates Free Trade Agreement Expected In September

BRICS, Economy, Eurasian Economic Union, Finance, Trade

Representatives of the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) expect to come to a substantive conclusion of negotiations on signing a Free Trade Agreement (FTA) by the autumn of 2024, the Eurasian Economic Commission (EEC) has said. This followed statements by Andrei Slepnev, the EEC Trade Minister and Thani bin Ahmed

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Russia, Kyrgyzstan Looking To Increase Bilateral Trade By 70%

Eurasian Economic Union, Shanghai Cooperation Organisation, Trade

Akylbek Japarov, the Kyrgyzstan Prime Minister, has said that Kyrgyzstan and Russia intend to increase mutual trade by 70% to reach US$5 billion a year in the medium term. Japarov stated that “There is good potential for this. Last year, our trade was US$3 billion, and in four months of this year trade it has

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Russia, Uzbekistan Look To Triple Bilateral Trade By 2030

Eurasian Economic Union, Trade

Laziz Kudratov, Uzbekistan’s Investment, Industry and Trade Minister, has stated that Uzbekistan and Russia have every chance of increasing bilateral trade to US$30 billion by 2030, speaking at the Uzbek-Russia working group for increasing bilateral trade being held in Moscow. Kudratov pointed to the major expansion of the structure of goods and the increasing share

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Russia’s Leading Low-Cost Retailer Redomiciles From Cyprus to Kazakhstan

Economy, Eurasian Economic Union, Foreign Investment, Investment

Cyprus loses a major Russian client to Kazakhstan’s fiscal gain as Western exits increase  The Russian chain of low cost retailers, Fix Price has redomiciled its corporate PLC entity from Cyprus to the Astana International Financial Centre in Kazakhstan. Fix Price operate over 6,500 retail stores worldwide, with 2023 revenues of ₽291.9 billion (US$3.3 billion)

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Russia – Kazakhstan Bilateral Trade Reaches US$30 Billion  

Eurasian Economic Union, Infrastructure, Shanghai Cooperation Organisation, Trade

Russia – Kazakhstan bilateral trade is growing steadily, and has already reached almost US$30 billion, Russian President Vladimir Putin said during meetings with Kazakh President Kassym-Jomart Tokayev at the Shanghai Cooperation Organisation Heads of State summit held in Astana. Russia remains one of the main trade and economic partners for Kazakhstan, Putin said, adding “We

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