Exports

Bahrain

Russia, Bahrain to Create Middle East Grain Distribution Hub

Agriculture, Exports, Infrastructure, Middle East

Russia and Bahrain are creating a hub for Russian wheat shipments, Russian President Vladimir Putin said at the St. Petersburg International Economic Forum on Friday (June 20). He stated that “Together with our friends from Bahrain, we are going to create a whole hub for shipping wheat from Russia. Many Arabic countries are interested in […]

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Wildberries

Wildberries & Russ Eying the African Consumer Market

Africa, Exports, Infrastructure, Investment, Trade

Wildberries & Russ, Russia’s version of Amazon, is preparing to enter Africa, according to CEO Robert Mirzoyan. He was speaking at the St. Petersburg International Economic Forum (SPIEF) and said, “For us, the main priorities now are to strengthen our positions in the countries where we already operate and to launch in the countries of

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Africa Fertilizer

Russia To Increase Fertilizer Exports To Africa Fivefold

Africa, Agriculture, Exports

Uralchem, one of Russia’s largest fertilizer producers, has announced plans to significantly expand its exports to Africa from 1 million to 5 million tons by 2030. This was announced by the company’s CEO Dmitry Konyayev during the Russia-Africa session at the St. Petersburg International Economic Forum. Dmitry Konyayev emphasized that the key task for Russian

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South-Africa

Russia and South Africa Look to Double Bilateral Trade

Africa, BRICS, Energy, Exports, Imports, Investment, Trade

The Russian Prime Minister Mikhail Mishustin met with South African Vice President Paul Mashatile in Moscow on Wednesday (June 18) with a push to double trade turnover between the two BRICS nations. The two officials discussed deepening bilateral cooperation across a range of sectors, including energy and agriculture. Mashatile said, “Our markets are open to

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Uganda

Russia and Uganda Discuss Bilateral Trade & Investment

Africa, BRICS, Exports, Imports, Trade

The Russian Foreign Minister Sergey Lavrov has met with his Ugandan counterpart, Jeje Odongo, in Moscow. Lavrov stated, “We welcome Uganda as a BRICS partner country, and look forward to active cooperation with our Ugandan friends in this new format.” Uganda became a BRICS partner in January this year. Lavrov and Odongo discussed a broad range of

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Burkina Faso

Russia and Burkina Faso Sign Nuclear Energy Cooperation Agreement

Africa, Energy, Exports, Investment, Trade

Russia and Burkina Faso have formalized a deal to expand peaceful nuclear energy cooperation, including joint projects in radiation technologies and the training of specialists from Burkina Faso. The agreement was signed on Thursday (June 19) by Alexey Likhachev, CEO of Russia’s state nuclear corporation Rosatom, and Burkina Faso’s Energy Minister Yacouba Zabré Gouba in St. Petersburg.

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Indonesia

Russia Wants To Increase Investment Into & Expand Exports To Indonesia

Asia, BRICS, Energy, Exports, Investment, Miscellaneous, Trade

Russia is ready to enlarge exports to Indonesia and is interested in joint investment projects, including those in the fuel and energy sector, Russian Foreign Minister Sergei Lavrov has said, following meetings with Indonesian Foreign Minister Sugiono. Lavrov stated that “We have underlined our readiness to enlarge exports of Russian products to the Indonesian market,

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Cuba

Russia Looking to Invest in & Modernize Cuba’s Energy System

BRICS, Energy, Exports, Investment, Latin America, Trade

Russian energy companies could help modernize and restore the Cuban energy system, the Russian Energy Ministry said following a meeting between Energy Minister Sergei Tsivilev and Cuban Foreign Trade and Investment Minister Oscar Perez-Oliva Fraga. The parties discussed the involvement of Russian companies in the construction of a new 200 MW power unit and overhauling

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BRICS RMB

BRICS Energy Alliance Launches Petro-Yuan Contracts To Minimise US Dollar Usage

BRICS, China, Energy, Exports, Finance, Trade

The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets. The BRICS controls 46 million barrels per day of oil production and is implementing BRICS plus currency shift mechanisms through Yuan-denominated contracts, Indian Rupee – Russian Ruble swaps,

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OilGas Pipe

European Commission Bends Its Own Rules To Exclude Members From Opposing Russian Gas Ban

Exports, Infrastructure, Security, Trade

The European Commission is preparing to ban new gas supplies with Russia, which includes the banning the signing of any new contracts with pertinent gas suppliers with immediate effect, and terminating all longer-term contracts by January 1, 2028. However, this initiative is planned to be implemented in such a way as to avoid the possibility

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