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 […]
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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 […]
Chinese investors plan to build a trade and logistics complex, an industrial park of building materials and a plant for the production of metal structures in Primorsky Krai, with a total investment amount of about ₽2.7 billion (US$33 million), according to the Corporation for the Development of the Far East and the Arctic (KRDV). The […]
The Primorsky Krai regional Government in Russia’s Far East has said that the local JSC Nakhodka Ship Repair Plant (NSRY) plans to assemble Chinese ship engines at its facilities. Cooperation in shipbuilding was discussed at a meeting between various managers of numerous industrial enterprises from Primorye and China on Tuesday (February 25) in Vladivostok. Anatoly […]
The ex-Volkswagen auto-manufacturing plant at Kaluga is launching auto manufacturing of cars under Russia’s Tenet brand, according to regional governor Vladislav Shapsha. Volkswagen exited the Russian market in 2023, selling the business to their Russian dealership, Avilon, who paid an estimated US$135 million for VW’s Russian business. Volkswagen reportedly invested more than US$800 million to […]
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 […]
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