Investment

EDB Bank

Uzbekistan To Join Eurasian Development Bank In Boost To EAEU

Eurasian Economic Union, Finance, Infrastructure, Investment, Trade

Uzbekistan is completing the procedure to join the Eurasian Development Bank (EDB), Prime Minister Abdulla Aripov said at a meeting of the Eurasian Intergovernmental Council in Yerevan. The EDB is an international development bank with charter capital of US$7 billion. Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan are the bank’s shareholders. Uzbekistan’s decision to participate […]

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Russia Yemen

Russia – Yemen 2024 Bilateral Relations: Update

Africa, BRICS, Energy, Investment, Trade

Russia’s Deputy Energy Minister Sergei Mochalnikov and Yemen’s Oil and Minerals Minister Saeed al-Shamasi, co-chairmen of the Russian-Yemeni intergovernmental commission, have been discussed the trade and economic cooperation between the two countries on fuel and energy on the sidelines of the Russian Energy Week. The two sides discussed interaction in industry, agriculture, and modernization of

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Sahel

Russia signs Strategic Satellite Agreements with Burkina Faso, Mali and Niger

Africa, Infrastructure, Investment

Burkina Faso, Mali and Niger have agreed with Russia to acquire telecoms and surveillance satellites, in what is becoming a significant development in West Africa. According to Mali’s Finance Minister Aluseni Sanou, the telecoms vehicle is expected to provide television and radio broadcasting throughout the countries of the Sahel Alliance of States (ASG), internet and

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steel Company

Russia Invests In Nigerian Steel Industry Revival  

Africa, Investment

A Russian consortium has signed a Memorandum of Understanding (MoU) with the Nigerian government to restart operations at Nigeria’s Ajaokuta Steel Plant. The plant, together with Nigeria’s  National Iron Ore Mining Company (NIOMCO), have been dormant for 42 years. The agreement was formalized during a recent visit to Moscow by Prince Shuaibu Abubakar Audu, Nigeria’s

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Pakistan Farmer

Russia To Assist Pakistan With Agricultural Productivity & Industrial Investments

BRICS, Investment, Shanghai Cooperation Organisation, Trade

Russia’s Deputy Minister of Trade and Industry, Aleksei Gruzdev, has been visiting Islamabad and holding meetings with his counterpart, Rana Tanveer Hussain, Pakistan’s Minister for Industries, Production, and National Food Security. The two officials discussed enhancing bilateral trade, with a focus on improving agricultural outputs. As a result, Russia has agreed to supply the latest

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Russia’s Aircraft Manufacturers To Move Into Aircraft Export Industry

Infrastructure, Investment, Logistics & Transport, Trade

Russia’s Trade and Industry Ministry is making plans to prepare a program to get Russian manufactured aircraft onto the international market, according to Anton Alikhanov, the Trade and Industry Minister. The move comes a Russia has been barred from purchasing the standard Airbus and Boeing aircraft however already had a significant domestic aircraft manufacturing industry.

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Railway

Russian Railways To Build 2,000km Of Extra Track Along The Trans-Siberian and BAM Routes To Asia

Infrastructure, Investment, Logistics & Transport, Trade

The third expansion stage of Trans-Siberian and Baikal-Amur Mainline (BAM) railway has been approved by the Russian government, allowing the Russian Railways to immediately invest in design and survey work on these extensions. This includes labour-intensive work involving the laying of over 2,000 km of new tracks, three new tunnels for the accompanying road highway,

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Russia To Construct Fuel Pipeline In The Republic Of Congo

Africa, Energy, Investment, Trade

Russia has tentatively agreed to the construction of a fuel pipeline in the Republic of Congo, according to a Russian government decree published on Monday (September 16). The pipeline will link the western port of Pointe-Noire to the capital Brazzaville, and will also pass through the town of Loutete, about 155 kilometers (96 miles) west

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Cruise Ship

Russia Developing Domestic and International Cruise Ship Industry

Commonwealth of Independent States, Infrastructure, Investment, Logistics & Transport

With Western cruise companies such as US-based Princess Cruises suspending sales of cruises to Russian citizens, Russia has begun to develop a new cruise industry designed to meet the needs of holidaymakers. In 2022, the Russian Government allocated ₽15 billion (US$164 million) for the construction of seven civilian fleet ships. Three of them will be

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