The Kaliningrad Amber Combine (KAC), which operates a chain of Amber-specific jewelry stores in Russia, has opened an outlet in Shenzhen, China, and is looking at the same in Hong Kong. The company will operate under a franchise agreement with the Chinese company “Shenzhen Hudafu Jewelry”. The store, which has an area of 115 square […]
Saudi Arabia’s Salic (Saudi Agricultural & Livestock Investment) has gained control over several Russian agricultural assets through its purchase of Singapore’s Olam Agri, the Russian Union of Grain Exporters and Producers has said. The main asset is the Azov Grain Terminal. Eduard Zernin, the Union CEO, stated “Without exaggeration, this is a landmark deal which […]
The Arkhangelsk Region wants to establish joint ventures with Chinese companies in Dalian (Port Arthur) to manufacture specialized container equipment, as well as service centres for their maintenance. Arkhangelsk and Dalian are linked by the Northern Sea Passage, a growth route for Russia-China trade. The scheme was discussed on October 24, 2024, during a meeting […]
Haval autos, (part of China’s Great Wall Motors) plans to expand the production facilities of its Tula based factory, with upgrades now ongoing. Starting in 2025, after the modernisation is completed, Haval will produce up to 200,000 cars per year from the Tula site, according to Andrey Akifyev, Executive Director of Haval Motor Rus. That […]
The UAE investment company Fundament Capital Investment Management has purchased 6.86% of the shares in the Moscow Stock Exchange (MOEX), acquiring them from the American State Street Bank and Trust Company. MOEX said that Fundament Capital received 156,177,798 shares on September 30. The main shareholders of Moscow Exchange are now the Bank of Russia (11.7%), […]
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Russia’s Foreign Minister Sergey Lavrov has met with Bui Thanh Son, Vietnams’ Foreign Minister, on the sidelines of the 19th East Asia Summit. Vietnam is a member of ASEAN and has a Free Trade Agreement with Russia via the Eurasian Economic Union. Vietnam’s foreign policy is based on balancing which allows it to maintain room […]
The redistribution of foreign participation in the Russian market over the past two years has resulted in Chinese investors becoming the largest source of foreign investment into the country. In the first nine months of 2024, the number of Russian registered companies with Chinese equity increased by 32% over the same period in 2023, according […]
In signs that more wealth and capital is moving away from Europe to Asia as a result of Western sanctions, Soven 1 Holding Limited, an investor from the UAE, has signed an agreement to purchase the Austrian Raiffeisen Bank International’s 87.74% stake in the Belarus-based subsidiary Priorbank, and its subsidiaries. Raiffeisen’s core business has been […]
China’s Soueast automobile brand is planning to enter the Russian market at the end of this year, the company has stated. “Soueast will offer Russian consumers two models, the flagship crossover, Soueast S09, in the D-SUV segment, and the intelligent urban crossover, Soueast S07, in the C-SUV segment” the company said. Full technical specifications and […]
In another example of China’s Belt & Road Initiative investments leading into Russia, China’s Guangdong Xinhui Cimc Special Transportation Equipment Co. Ltd; (GXCSTE) a container manufacturer, plans to develop cargo shipments through the Lotus Special Economic Zone (SEZ) in Russia’s Astrakhan Region, on the Caspian Sea. GXCSTE, the Moscow-based Kiton Group, and JSC Lotus SEZ […]
As we predicted would happen, Chinese investors have already begun making investments into tax incentive-driven projects in Russia. China’s Xuan Yuan, (XY Group) a Beijing-based, cross-border investment firm that specialises in international trade, including railway rolling stock and other large export of electromechanical products, public safety testing equipment, urban public security and emergency systems, urban […]
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