Russia News & Analysis

Russia

July 1, 2026

Russia To Open Embassies In Another Four African Countries

The Russian Foreign Ministry has announced it is to open four new Embassies in Comoros, Gambia, Liberia and Togo in a mix of what will become tourism, trade and energy related diplomatic moves. Russia is aiming for 100% diplomatic coverage throughout the African continent by next year.

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July 1, 2026

VTB Looking Again At Iranian Banking Market

Russia’s VTB bank is once again looking at developing operations in Iran as the conflict situation begins to calm down. Bilateral trade exceeded US$5 billion last year and has grown in 2026 despite problems. VTB will be looking to finance part of that trade.

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June 30, 2026

Iraq Eyes BRICS Membership

The Iraq Ambassador to Russia, Dr. Abdul-Karim Hashim Mostafa has said it would be a ‘good idea’ for Iraq to join the BRICS, depending on the terms. Such a move would almost certainly face US opposition.

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