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 […]
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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 […]
The Russian President, Vladimir Putin, gave a plenary speech at the Eastern Economic Forum (EEF) on Thursday (September 5) in which he outlined Russia’s plans for regional Asian development and other issues related to security, trade and investment. The speech was one of Putin’s longer talks, lasting close to 45 minutes. Attendees included the Malaysian […]
The 9th annual Eastern Economic Forum (EEF) opened on Tuesday (September 3) in Vladivostok. The EEF is Russia’s largest development and investment platform for Asia and is targeted at developing the economy of the Russian Far East and expanding international cooperation in the Asia-Pacific region. This year’s primary showcase guest is Vietnam, while around 6,000 […]
Chinese car manufacturers Chery has become the largest foreign company in Russia by revenue in 2023, according to Forbes magazine. Chery is the first ever Chinese company to claim the top spot in the Forbes ranking. The brand increased its sales in Russia by 300% year-on-year to over ₽590 billion (US$6.65 billion). According to the […]
Foreign nationals who share Russia’s traditional values, and disagree with the ‘neoliberal’ principles imposed by their own governments can now apply for Russian residency permits, according to a decree signed on Monday (August 19) by President Vladimir Putin. Unofficial estimates suggest that up to 80,000 foreign individuals – and their families – would take up […]
Anton Alikhanov, Russia’s Trade & Industry Minister, has stated that the BRICS nations would create a consortium for the construction of aircraft engines, after a meeting between the BRICS countries’ industry ministers. We stated that “We hope that our proposals on creating a consortium in power engineering, in particular, aero engine construction, will be supported. […]
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