Over the past few weeks, grumbles of discontent have begun emerging from the European population, about what appears to economic issues directly created by sanctions imposed upon Russia. These range from Finnish resorts bemoaning the lack of Russian tourists, Italian resorts closing, and Lithuanian cigarette smugglers causing chaos over ballooning in cheap products from Belarus. […]
The government’s interdepartmental working group on the creation and development of Russian Special Economic Zones (SEZ) has approved expanding the Kulibin SEZ in the Nizhny Novgorod Region, with a river port and new production facilities being planned, according to the regional government. The Kulibin SEZ currently has a site in Dzerzhinsk, while the additional 117.7-hectare
The “Middle Volga-Caspian International Logistics Forum” has been held in Ulyanovsk, attended by delegations from Russia, Turkmenistan, Azerbaijan, Iraq, and Iran, an important event to discuss operations along the Middle and Southern Corridor aspect of the International North-South Transport Corridor. There are now plans to create a single logistics operator to develop the Middle Volga–Caspian–Persian
International Operator To Develop Middle Volga–Caspian–Persian Gulf Logistics Read More »
Russia’s R-Pharm Group is to invest in a pharmaceutical production plant in Alatau, Kazakhstan, in partnership with the local company Khan Tengri Biopharma, according to Nikolai Zemskov, R-Pharm’s General Director of Commonwealth of Independent States (CIS) markets. He said that “a joint venture company with an investment of US$200 million will build an innovative full-cycle
Russia’s R-Pharm To Invest US$200 Million Into Kazakh Pharmaceutical Factory Read More »
Russia and China are to sign a memorandum of cooperation in healthcare in November, giving new impetus to the mutual quality and safety of their respective medical products, according to Mikhail Murashko, the Russian Health Minister. He said, “The work done by the Russian Scientific Center for the Examination of Medical Products of the Health
Russia and China To Integrate Healthcare Medical Standards Read More »
Russia’s Tatneft has registered a project to generate solar power in Uzbekistan on India’s Universal Carbon Registry platform, the company has stated, saying, “We have installed solar power plants with an overall capacity of 0.33 MW on the roofs of a tire manufacturing plant in Uzbekistan. Clean solar energy is now used for production needs,
Russia Gaining Indian Carbon Credits From Investments In Uzbekistan Solar Power Read More »
Russia’s Lukoil, which was sanctioned by the United States last week, has responded by selling its overseas assets to the Gunvor Group, based in Switzerland. Gunvor is among the world’s largest oil traders, 85% owned by Swedish billionaire Torbjörn Törnqvist. The remaining equity is held by its employees. Lukoil is Russia’s second-largest oil producer, accounting
Lukoil To Sell Overseas Subsidiaries To Swedish Billionaire Read More »
The cost of transporting a 40-foot container on the Shanghai—Moscow route, despite an increase in October this year, remains at a five-year minimum—at US$5,300, according to the Centre for Price Indices estimates. However, rates for the Russian Federation remain more expensive than for China delivery to the European Baltic States ports and to Finland at
China-Russia Container Prices Remain Competitive, Yet Remain Higher Than For Europe Read More »
Russia, so often disparagingly referred to as just a ‘gas station’, is rapidly diversifying its economy, with non-primary, non-energy (NPNE) exports now providing just over 12% of Russia’s Gross Domestic Product (GDP), according to the results of the first half-year 2025. The statement was made by Mikhail Mishustin, the Chairman of the Russian Government, citing
Russian Exports Diversifying As Non-Primary, Non Energy Exports Reach 12% Of Total GDP Read More »
A new Russia-China cross-border checkpoint has opened, situated at Lesozavodsk, in Primorsky Krai. It is near to the Chinese city of Jixi in China’s Heilongjiang Province, where the Russia-China border runs down the length of the Ussuri River. Lesozavodsk is 10 kilometers from the Sino–Russian border and about 300 kilometers north of Vladivostok. The Lesozavodsk
New Russia-China Ussuri River Cross-Border Checkpoint Opens Read More »
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