China’s NewNew Shipping Line may invest in a deep-water project at Arkhangelsk’s seaport, Arkhangelsk Region Governor Alexander Tsybulsky said at a meeting with President Vladimir Putin on Thursday (July 24). Tsybulsky said that “The Chinese company NewNew Shipping Line is showing interest in the project. They’re prepared to invest up to ₽200 billion (US$2.52 billion) […]
Russia’s United Engine Corporation (UEC) and China’s New JCM Group from Chengdu have signed an agreement to cooperate on the production, delivery, and servicing of gas turbine equipment, UEC stated on Tuesday (July 8). They said that “The Russian state corporation Rostec’s United Engine Corporation and Chinese company New JCM Group Company Ltd. have signed […]
Russian and Chinese investors plan to set up a Joint Venture in the Titanium Valley Special Economic Zone (SEZ) to manufacture precision wire for electrolysis equipment, according to Sverdlovsk Region Deputy Governor Vasily Kozlov. He did not name the participants but stated “One of the residents of the Titanium Valley SEZ, in cooperation with a […]
China’s Xinjiang Sanbao Industrial Group is to purchase the bankrupt Tomskgeoneftegaz LLC, a small oil production company in the Tomsk region, for about ₽4 billion (US$51.2 million). Sanbao’s investments are expected to partially cover creditor claims after reaching a deal with the main creditor, the Kazakhstan collection agency Eagle LLP. According to its website, Xinjiang […]
President Putin has engaged in a lengthy, moderated Q&A session, with Nadim Koteich, of Sky News Arabia the moderator at the SPIEF 2025 event. Questions were direct and included involved answers from Putin about the concept of developing a multipolar global society, in-depth discussions about the Israel-Iran conflict, the Ukraine conflict, and issues pertaining to […]
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The Minsk Tractor Works (MTW) of Belarus plans to invest ₽1.6 billion (US$20.3 million) to develop an agricultural machinery assembly production in Krasnodar, according to Veniamin Kondratyev, the Krasnodar Governor. He stated that “Two years ago, the large-unit assembly of two Minsk Tractor Works models began in Starominskaya, with prospects for expanding production. Now, Krasnodar […]
Soven 1 Holding (UAE), the majority shareholder of Belarus’s Priorbank, plans to buy out the Belarus State Property Committee equity of 6.31% of the bank’s shares. The decision is of interest as it implies there is significant unrealized value in shares of businesses operating in sanctioned countries and that there are investors prepared to take […]
Azerbaijan’s Isfa plans to invest up to AZN7 million (US$4.1 million) in planting an olive orchard and building an olive oil plant in Dagestan, the Azerbaijan’s Economic Zones Development Agency has reported. Isfa LLC, which has been operating in Azerbaijan since 2015, signed a memorandum on cooperation with Dagestan’s Export Support Center. Under the document, […]
Both the US White House and the Kremlin have confirmed that a telephone conversation is imminent at 5pm today (Moscow time), between Presidents Trump and Putin, mainly to discuss the situation with Ukraine, but also with some hints of talks involving trade. While we will leave the political noise to other outlets to discuss, in […]
A joint Sino-Russian venture, ABK Lider LLC is investing ₽1.1 billion (USD13.5 million) in the construction of a manufacturing plant to produce blocks, wall panels and ventilation shafts from Autoclaved Aerated Concrete. The plant will be established in the Bolshoi Kamen Priority Development Area in Primorye. Bolshoi Kamen itself is a major sea port and […]
Growing demands on Chinese automakers to localize production in Russia are forcing them to expand their warehouse capacity within the country. For example, Haval leased 42,000 square meters in the Klin industrial park near Moscow – one of the largest deals in the commercial property rental sector this year to date. Reports from the Moscow […]
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