Indian pharmaceutical companies are investing in Russia and building production facilities to produce various drugs. Tens of millions of dollars are being invested into production facilities in Russia Special Economic Zones near Moscow, Kaluga and the Russian Far East. They are replacing the Western pharma companies who exited in 2022.
Significant progress has been made on the proposed India-Eurasian Economic Union Free Trade Agreement. The Eurasian Economic Commissioner for Trade stated that the next round of talks in November “should be the key round of negotiations and will be centered around the key questions of access to each other’s markets.” They are scheduled just before Modi’s planned visit to Moscow, suggesting a deal could be imminent.
Most reports on the Putin-To Lam meetings omitted details of the two countries 50-Point Joint Statement and the 21 strategic development documents. In this follow-up artcle we identify in detail exactly what these were and the implications for Russia-Vietnam-ASEAN trade development. It is essential reading for anyone involved in ASEAN affairs.
Russia’s SberMedicalAI is making inroads into medical markets in the Middle East and Asia with a new, AI powered mirror diagnostic device that detects changes in facial appearance and can analyse changes in blood pressure, pulse, elasticity of the vascular wall, stress and fatigue levels, body mass index, risk of type II diabetes, as well as cholesterol and glycated hemoglobin levels.
Russia’s Promomed biopharmaceutical company has received approval from the Kazakh Ministry of Health to supply Tirzetta, a drug used in the treatment of type II diabetes mellitus and obesity. It is also commonly marketed as a ‘beauty’ weight loss medication. According to the WHO, 56% of Kazakhstan’s adult population are overweight.
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Russian exports to aluminium to Brazil have risen 190% as US import tariffs of 50% on the imported metal have created a glut on the market, and a global decline in prices. Major producers such as Rusal are looking to offload inventory amongst increased global aluminium supply competition.
The Russian and Vietnamese Presidents have met in Moscow with sizeable delegations accompanying them. Comprehensive talks were held concerning energy, infrastructure, investments and finance, with an emphasis on direct Moscow-Hanoi rail connectivity, nuclear power, and a near-tripling of bilateral trade by 2030. We provide full details of what was discussed and the implications for Vietnam and the wider ASEAN region.
China has built up a US$240 billion portfolio of planned investments into Russia. We examine the varying sectors where these are to be implemented, including trends towards bilateral energy corridors, industrial localization, logistics, finance and tourism. With Russian inbound FDI ignored by the West, the Chinese are taking advantage – and may be motivated by the possibility of the United States to begin doing the same- putting serious capital into Russian supply chain infrastructure.
The 13th Russia-China Investment Cooperation Commission has concluded in Vladivostok, with the main programme being bilateral investment management. A US$240 billion project pipeline has been developed, with half of these now starting to come to fruition. An additional six new projects were added to the development portfolio, including the steel and chemical industries to forestry, engineering, agriculture, transport, trade and logistics.
The second Russia-China Forum has just finished In Khabarovsk, a cross-border event that links the Russian Far East with China’s industrial Northeast. This has particular relevance for Russia’s Khabarovsk, Krasnoyarsk and Irkutsk regions, and their connectivity with China’s Heilongjiang, Jilin and Liaoning Provinces, as well as their additional neighbouring regions. We provide a detailed overview of the regional trade and investment, including the significant infrastructure developments taking place right along this border.
The 23rd Russia-China Energy Cooperation Committee Meeting and the 8th Russia-China Energy Business Forum have taken place this week, with confirmations of new energy corridors, progress on the Power of Baikal gas pipeline as well as discussions concerning finance. Russia’s exports of energy to China are up 20% this year, with all sectors showing increases. China could account for more than 60% of Russia’s total gas exports by 2030.
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