Middle East

Rubles Lira

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT 

Economy, Finance, Infrastructure, Middle East, Trade

Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office […]

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Rezkyy

Russia, China and Iran Conduct Joint Navy Drills In The Arabian Sea   

Asia, China, Middle East, Security

The Joint Maritime Security Belt 2025 exercise involving Russian, Iranian, and Chinese warships has begun from Iran’s Chabahar port in the Gulf of Oman. The Russian side is represented by the Rezky and Hero of Russia Aldar Tsydenzhapov corvettes, and the Pechenga tanker of the Pacific Fleet. China had deployed two warships and one logistics

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Horse

Russia Ships First Animal Pet Feed Products To Iraq

Agriculture, Exports, Middle East, Trade

The Russian animal feed producer, CJSC SK Korocha, from Kursk has shipped its first batch of feed for non-productive animals to Iraq, according to the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor)’s offices for the Oryol and Kursk regions. Russian exporters across the country have been actively looking for new markets to the East

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Egypt

Russian Industrial Zone In Egypt: Operational Cost Analysis

Africa, BRICS, Exports, Imports, Investment, Middle East, Trade

The long-delayed proposals to establish a Russian Industrial Zone at Port Said near the Suez Canal in Egypt appear to be coming to a conclusion with a planned meeting of the two countries’ intergovernmental commission in May, according to Russian State Secretary and Deputy Industry and Trade Minister Roman Chekushov. An agreement to proceed with

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Dagestan Port

Dagestan’s Makhachkala Port Targeting Exports To The Middle East & Asia    

Asia, India, Infrastructure, Logistics & Transport, Middle East, Trade

Dagestan’s Makhachkala Commercial Sea Port (MCSP) is negotiating the export of fertilizers and timber products to Asia and the Middle East, according to Sergei Melikov, the Head of the Dagestan Republic. He was speaking during a conference on the development of transport in Dagestan. The Republic is part of the Russian Federation and has a

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Iraq

Russia, Iran, Iraq To Extend INSTC Rail Network To Baghdad 

Exports, Imports, Infrastructure, Logistics & Transport, Middle East, Trade

Russia, Iran and Iraq will form a working group for the joint development of the International North-South Transport Corridor (INSTC), Russian Energy Minister Sergei Tsivilev stated after a meeting of the Russia-Iraq Intergovernmental Commission for Trade, Economic, Scientific and Technical Cooperation. Tsivilev, the Commission Co-Chair, said that “There was a proposal from the Iraqi prime

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Russia Iraq

Russia-Iraq 2025 Trade & Investment: Update 

Energy, Investment, Middle East, Trade

The Russia-Iraq Intergovernmental Commission on Trade, Economic and Scientific-Technical Cooperation has been holding its bilateral meetings in Baghdad this week, with the two countries analyzing their existing agreements and exploring new ones to better develop more active business cooperation.  Russia Energy Minister Sergei Tsivilev, in attendance, said to the Iraqi Foreign Minister Fuad Hussein “Thank

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Iran-Arrow

Iran – EAEU Free Trade Agreement To Remove Tariffs On 87% On All Products Traded With Russia

BRICS, Eurasian Economic Union, Exports, Imports, Infrastructure, Logistics & Transport, Middle East, Trade

The Russian Foreign Minister, Sergey Lavrov has been in Tehran holding talks with his Iranian counterpart, Abbas Araghchi, as well as with the Iranian President, Masoud Pezeshkian. Much of these discussions revolve around resolving bottlenecks at the Rasht-Astara railway route, which is part of the INSTC network between Russia and the Middle East. Construction work

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Lavrov Turkiye

Lavrov Meets Erdogan In Turkiye To Discuss Ukraine, Syria & Trade: Details

Middle East, Security, Trade

February 27 Update: Russian and American diplomats will meet in Istanbul on Friday, February 27 to discuss administrative and communication problems in the work of the two countries’ embassies, which stacked up as a result of activities of the previous US administration. The two sides stated that meeting in Istanbul will make it clear “how fast

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