Eurasian Economic Union

BRICS, EAEU Could Be Part Of A New Unified Eurasian Commodities Exchange

BRICS, Eurasian Economic Union, Finance

The St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) will create a new, common EAEU commodity exchange market and then intends to integrate this to include commodities trading within the BRICS, according to SPIMEX President Igor Artemyev, speaking on the sidelines of the St. Petersburg International Economic Forum (SPIEF). Artemyev stated that “A large […]

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China, Eurasian Economic Union Discuss Regional Belt and Road Initiative Investments

China, Eurasian Economic Union, Trade

Sergei Glazyev, the Minister for Integration and Macroeconomics of the Eurasian Economic Commission, the directing head of the Eurasian Economic Union (EAEU) has been attending the China Overseas Investment Fair, which was held on May 27-28 in Beijing. China has a non-preferential trade agreement with the EAEU, which means that tariff and duty rates between

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Vladivostok Port Expanding International Shipments

China, Eurasian Economic Union, India, Trade

Vladivostok Port, in the Russian Far East, is attracting new international shipping partners, according to Nikolai Yermolayev, the Ports operating Managing Director. He was speaking at the Maritime Congress of the Russian Far East, and said that another four major international carriers are negotiating the organization of shipping lines through the port. Vladivostok Port currently

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Russia, CIS and Uzbekistan Expanding Trade Corridors

Commonwealth of Independent States, Eurasian Economic Union, Trade

The Commonwealth of Independent States (CIS) held Ministerial-level meetings last week, followed by Russian President Vladimir Putin flying to Tashkent, Uzbekistan on Sunday (May 26) for talks with Uzbekistan’s President, Shavkat Mirziyoyev. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. CIS members are set to enter a new agreement on free

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Russia’s Trade Turnover With Central Asia Reached US$44 billion In 2023

Eurasian Economic Union, Trade

Mikhail Galuzin, Russia’s Deputy Foreign Minister, has stated that the total volume of trade turnover with Central Asia in 2023 exceeded US$44 billion, representing 33% of all foreign trade of the Central Asian states. Meanwhile, the use of mutual currency settlements in this trade in national currencies of Russia with Kazakhstan, Kyrgyzstan and Tajikistan has

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Laos Applies To Join The Shanghai Cooperation Organization

Eurasian Economic Union, Shanghai Cooperation Organisation, Trade

Update – August 14: Sergei Shoigu, Russia’s Security Council Secretary has reaffirmed Russia’s readiness to continue development and interaction between the Security Council of the Russian Federation and the Public Security Ministry of Laos, in meetings with Chansamone Chanyalath, the National Defense Minister of Laos, in Moscow. Laos, a member of the southeast ASEAN bloc,

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Vietnam Dairy To Invest In Livestock Farming & Milk Production In Primorsky Krai

Eurasian Economic Union, Foreign Investment

Vietnam’s TH Group has begun construction of a livestock complex for a total population of 10,000 cows in the Yakovlevsky district of Primorsky Krai (Province) with commissioning scheduled for 2027, the Russian Far East and Arctic Development Corporation has reported. The project is being implemented by TH Rus Primorsky LLC, a resident of the Mikhailovsky

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Russia, Vietnam, Launch Direct Rail Service Via China

Eurasian Economic Union, Logistics & Transport, Trade

FESCO, Russia’s largest transport company , and Vietnam’s Ratraco have signed a cooperation agreement that will introduce the launch of regular direct railway services between Russia and Vietnam through China. FESCO stated in a press release that “We signed a cooperation agreement in Hanoi with the Vietnamese logistics operator Ratraco, within the framework of which

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