Cuba has become a member of the BRICS New Development Bank (NDB) and is expected to obtain access to alternative financing, as the NDB offers credit without the strict conditions of institutions such as the IMF or the World Bank. Cuba has limited access to the dollar-dominated global financial system and is heavily sanctioned by […]
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)
Chinese Shipping Company Eyes US$2.5 billion Investment in Arkhangelsk Read More »
Russia has imposed an immediate halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels—a move that will disrupt over 2% of global crude supply. The restriction, which took effect immediately following President Vladimir Putin’s
Hungary’s Foreign Minister Peter Szijjarto said the country was making progress in talks with Moscow and Belgrade on building a new oil pipeline between Hungary and Serbia. Szijjarto said, “While Brussels is blocking Russian energy supplies, cutting off connections, and blocking routes, we need new sources and new routes. Hungary will not fall victim to
Russia Discusses Oil Pipeline Construction with Hungary and Serbia Read More »
Russian Post has announced that it has resumed “parcel shipments” to North Korea, reestablishing a postal connection that has been suspended since 2020 due to the Covid pandemic. Russian Post carried out several test deliveries in May, and said that individuals and companies can now send packages weighing up to 20 kg. They stated that
Steelmakers in Russia’s Chelyabinsk Region have shipped product to Iraq in the first half of 2025 for the first time in almost three years, according to the Chelyabinsk regional customs service. Andrey Gursky, acting head of the Chelyabinsk Customs Office, stated, “The Chelyabinsk Customs Office pays special attention to our metallurgical enterprises and actively promotes
Chelyabinsk Ships First Steel to Iraq for First Time in Three Years Read More »
WhatsApp might be blocked in Russia as early as August 2025, according to some media. Russian federal and municipal authorities are transferring their chats from WhatsApp and, in some cases, Telegram to the MAX app The Kremlin believes that the risks of Telegram being blocked are significant, thus the concern of losing the large
The Messenger Is The Message: WhatsApp To Be Replaced By MAX? Read More »
Based on current GDP growth trends, the Russian-backed Commonwealth of Independent States is likely to reach GDP economic parity with the European Union and may even overtake it, by 2050. The current GDP (PPP) of the European Union is €25.09 trillion, with a current average growth rate, according to the World Bank, of 1.2%. The
Commonwealth Of Independent States GDP To Equal European Union’s By 2050 Read More »
The Russian President, Vladimir Putin has said that Russia is considering the issues of building access roads to the state border with Kazakhstan, Mongolia, China and North Korea. He was speaking at the opening ceremony of the M-12 Vostok (East) Highway. Putin stated “We are going to continue proactively develop the Vostok route. It should
Russia To Build More Access Roads To Kazakhstan, Mongolia, China & North Korea Read More »
Russia’s Deputy Prime Minister Alexander Novak and Nigeria’s Finance Minister and Coordinating Minister for Economic Affairs Olawale Edun have discussed their respective cooperation in the global energy sector, including coordination within the Gas Exporting Countries Forum (GECF) and OPEC+. Russia is one of the largest participants in OPEC+ and the second-largest oil exporter after Saudi
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