Russia’s System Operator has proposed considering imports of electricity from China, constructing a 250 MW rapidly deployable gas turbine unit (GTU) and developing renewable energy sources as near-term measures to address the energy deficit in the Russian Far East. Fyodor Opadchy, Chairman of Unified Energy System (SO UES JSC) the System Operator, said that “In […]
Russia’s Ministry of Education and Science has expanded the list of universities whose diplomas are recognized by the Russian authorities, and added Cairo University (Egypt), The University of Science Malaysia, University of Sharjah (UAE), and Tehran University (Iran) to its approved list. Accepted Universities must appear in at least three international rankings for 2024 out
Russia Adds New Global South Universities To Educational Diploma Acceptance List Read More »
In addition to the recent example of China’s Torklink Controls, who are investing over ₽100 million (US$1 million) into an assembly plant in Moscow, the Chinese automobile exporter Biulu (Chongqing Biulu Automotive Technology) has opened a consignment warehouse in Belarus for processing Chinese, European and other vehicles for subsequent deliveries to Russia and CIS countries.
Chinese Automotive Dealers Investing Into Belarus To Access CIS Markets Read More »
Torklink Controls, a partner of the Chinese company Flowinn, is investing over ₽100 million (US$1 million) into an assembly plant for electric actuators for pipeline valves at the Yesipovo Industrial Park in the Solnechnogorsk region of Moscow. The investment is typical of the type of Foreign Direct Investment Russia is now attracting, as Chinese manufacturers
Chinese Industrial Manufacturers Investing Into Russia To Access CIS Markets Read More »
Jim Rogers, the legendary American investor and hedge fund manager has predicted a Russian economic boom once the Ukraine conflict ends, allowing foreign investors to return to the market. In an interview he gave on January 8th, Rogers said the resolution of the conflict would stabilize the geopolitical situation and positively impact Russian bonds, the
American Hedge Fund Manager Predicts A Russian Economic Boom Read More »
Belgrade is ready to purchase Russia’s share in the Naftna Industrija Srbije (NIS), a key energy company in Serbia, in the wake of looming US sanctions against it, the Serbian President Aleksandar Vucic has stated. Washington threatened to impose sanctions against NIS over Russian ownership. Russia provides about 15% of Serbia’s total energy needs. Vucic
The suspension of Russian banks from SWIFT, and sanctions resulting in Amex, Visa and Mastercard withdrawal from providing services in Russia have made it difficult for foreign visitors to access their own money while in Russia. It has also made it difficult to remit money to Russia for payment of goods or services, or for
How Foreigners Can Pay For Goods & Services In Russia Read More »
Decision is almost certainly due to Euroclear diverting profits from frozen Russian capital to Ukraine Belgian brewer Anheuser-Busch InBev and Turkey’s Anadolu Efes have lost, in the case of the latter, perhaps temporarily, in their attempts to strike a deal for the assets of Russian joint venture Anheuser-Busch Inbev Efes. On Monday, January 1, Russian
Zimbabwe is looking for Russian assistance to build its own spaceport and send its first astronaut into orbit within the next decade, according to Painos Gweme, the director of Zimbabwe’s National Geospatial and Space Agency (ZINGSA). Gweme has stated that Zimbabwe has begun negotiations with Russia’s national spaceflight corporation, Roscosmos, about planned projects, including sending
Zimbabwe Wants Russian Assistance With African Space Programme Read More »
A Chinese automaker is considering Novosibirsk and Irkutsk regions as possible locations for a plant, the chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE), Vitaly Mankevich has stated. He was speaking at the GlobalSibExpo-China 2024 Automobile Transport, Logistics and Engineering Forum in Novosibirsk. Mankevich said that “The construction of a Chinese automobile company’s
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