Investment

Russia, Sudan To Sign Multiple Oil Exploration Deals 

Africa, Energy, Investment, Middle East, Security

Russian oil companies have finalized numerous oil exploration agreements with Sudan, including industrial and commercial deals. “There are 22 separate (oil) fields in Sudan, more than 70% of which are located in safe areas, in the north, in the east, in Khartoum and north of it. Most are in safe areas, and Russian companies, anmely […]

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BRICS AI

Russia’s Sovereign Wealth Fund Invests In A BRICS+AI Alliance

BRICS, Infrastructure, Investment, Russian Market, Trade

Russia’s State-Owned Direct Investment Fund (RDIF) has announced the launch of a strategic alliance within the BRICS to jointly develop Artificial Intelligence (AI), according to Kirill Dmitriev, the RDIF chief executive. RDIF’s government mandate is to make investments in high-growth sectors of the Russian economy, as well as co-invest alongside the world’s largest institutional investors,

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Baltika Beer

Russia’s Baltika Beer To Open A Trading House In Shanghai

China, Exports, Investment, Trade

Russia’s Baltika beer brand, which was sold to its Russian management team for US$320 million in December last year following Carlsberg’s exit from the Russian consumer market, have launched 11 new online stores on popular internet platforms in China, and plans to open a trading house in Shanghai by the end of 2024. Baltika Brewery

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Tagras

Russia’s Tagras Holdings To Resume Oil Exploration In India

Energy, India, Investment, Trade

The geophysical division of TNG-Group, part of the Tatarstan-based oilfield services holding Tagras Holdings, plans to resume operations in India, the company has said following discussions with Oil India, the country’s largest oil producer. TNG-Group and Oil India previously collaborated on the processing and interpretation of seismic data. The geophysical division of Tagras has also

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Rubber

Asia’s Rubber Exports To Russia To Decline As SIBUR Looks To Introduce Synthetics

Asia, Imports, Investment, Russian Market

Russia’s SIBUR, a major integrated petrochemicals company, is finalizing tests of experimental tires made with synthetic rubber instead of natural rubber in collaboration with its partners and plans to present the results in 2025. Daria Borisova, SIBUR’s Managing Director for Development and Innovation, said that preliminary results from bench, test site and durability tests confirm

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Russian Cybersecurity Firm Enters Egyptian & MENA Markets 

Africa, BRICS, Investment, Security, Trade

PJSC Positive Group, the parent company of Russian cybersecurity group Positive Technologies, has signed a distribution agreement with Mideast Communication Systems (MCS), a Cairo-based provider of cybersecurity solutions in Egypt and other countries in the Middle East and Africa. The partnership will focus on sharing cybersecurity expertise and jointly promoting products and services in the

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Brazil

Rosatom Anticipating Brazilian Nuclear Cooperation Agreement  

BRICS, Energy, Investment, Latin America, Trade

Brazil expects to reach an agreement with Russia’s Rosatom on cooperation in the Brazilian nuclear sector by the end of 2025, according to Alexandre Silveira, the Brazilian Mines and Energy Minister. The two sides have begun negotiations on developing a partnership, utilizing Russian experience and seeking investment for exploring Brazil’s mineral potential. Brazil expects to

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EDB

Eurasian Development Bank To Provide Islamic Financing From 2025

Asia, Economy, Finance, Investment, Trade

The Eurasian Development Bank (EDB) aims to introduce Islamic financing instruments by mid-2025, according to Ruslan Dalenov, the Deputy Chairman of the Management Board. The EDB is exploring new avenues to expand its product portfolio, with Islamic financing emerging as a key focus, Dalenov said. The bank believes that implementing these tools could attract up

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Putin Speech

Putin’s Annual “Russia Calling” Speech: The Russian Economy In 2024 – Analysis

Economy, Finance, Infrastructure, Investment, Trade

A decade-long Russian economic bull run is now underway The Russian President, Vladimir Putin, has taken part in the annual “Russia Calling!” event, which includes an annual address by the President as well as a public Q&A session. Here we analyse what Putin had to say, in a speech that almost exclusively focused on the

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Indonesia

Major Russian IT Developer Opening In Indonesia

BRICS, Eurasian Economic Union, Exports, Investment, Trade

Russia’s Softline, a prominent, Moscow based, publicly traded IT developer, is opening a new office in Indonesia to promote its products and services, in addition to providing vendor solutions. It sees its expert knowledge as a good match for the development potential in Indonesia, a BRICS partner nation. Indonesia is also shortly to sign a

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