The EAEU Free Trade Bloc includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fills the economic space between Eastern Europe and Western China. With Free Trade Agreements now in place with China, Indonesia, Iran, Mongolia, Serbia, Singapore, the UAE and Vietnam, and negotiations well underway with India and Egypt, the EAEU is developing as a vast Eurasian trade space. Leverage the EAEU single market as we discuss business regulations, customs procedures, and trade advantages for companies operating within or trading with the Eurasian Economic Union.
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 […]
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 […]
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) […]
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 […]
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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Russia, Kazakhstan and China are to conclude an Agreement for the creation of a Unified Digital Platform (ECP) for container transportation in order to optimize freight transport on the route connecting the three countries. The document is scheduled to be signed at the next meeting of the Kazakh-Chinese Business Council at the beginning of next […]
Why the Atlantic Council’s Joe Webster is wrong about Kyrgyzstan and Europe The small, landlocked Central Asian country of Kyrgyzstan has been called out by Joe Webster, a senior fellow of the Atlantic Council, in an article he wrote this week (June 25, 2024) ‘We Need To Talk About Kyrgyzstan’. In this, he essentially called […]
The economic relations between Russia and other EAEU countries with Azerbaijan, are increasingly active and are forming a common and mutually beneficial economic space, despite the fact that Azerbaijan is not part of the Eurasian Economic Union (EAEU) trade bloc. An accelerating growth in trade turnover between Azerbaijan and the EAEU, coupled with over 50 […]
Russian President Vladimir Putin is travelling to Vietnam on June 19-20 to meet Vietnam’s General Secretary Nguyen Phu Trong, President To Lam, Prime Minister Pham Minh Chinh, and National Assembly Chairman Tran Thanh Man. The parties plan to discuss the current state of and prospects for the continued development of a comprehensive strategic partnership between […]
The mutual trade volume within the Eurasian Economic Union (EAEU) in the first quarter of 2024 increased by ₽2 trillion (US$22.5 billion), according to Dmitry Volvach, a Deputy Minister of the Russian Ministry of Economic Development of Russia. He was speaking at the ‘Export to the EAEU countries’ conference of interregional cooperation in Novosibirsk last […]
The Cuban Foreign Minister, Bruno Rodríguez Parrilla has held discussions with Russian Foreign Minister Sergey Lavrov concerning the development of trade ties in St. Petersburg. The meetings have been held at the same time that a small fleet of Russian warships and support craft have arrived in Havana. Lavrov had visited Cuba in February this […]
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