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Lukoil To Sell Overseas Subsidiaries To Swedish Billionaire

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 […]

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China-Russia Container Prices Remain Competitive, Yet Remain Higher Than For Europe

Asia, China, Logistics & Transport, Russia, Trade

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

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Russian Exports Diversifying As Non-Primary, Non Energy Exports Reach 12% Of Total GDP

Asia, Economy, Exports, Russia, Trade

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

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New Russia-China Ussuri River Cross-Border Checkpoint Opens

China, Energy, Infrastructure, Logistics & Transport, Russia

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

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Siberian Russia’s National Highway System: The 2025-2030 Development Plan

Asia, Infrastructure, Investment, Logistics & Transport, Russia, Trade

The development of ‘territorial organisation’ of the Russian economy is one of the main goals of the new ‘Strategy for the Spatial Development of Russia 2026-2036’, with the Siberian Federal District to play a significant role in terms of Russia’s connectivity to the Far East, the Arctic, and European Russia. However, to allow Siberia to

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US Sanctions On Rosneft & Lukoil: Economic Impact Analysis

China, Economy, Energy, India, Middle East, Russia, Trade

The US administration has placed full sanctions on Russia’s Rosneft and Lukoil, and threatened secondary sanctions on companies that service them. These companies handle about 50% of all Russia oil production and exports. We look at the likely impact of these moves. Freezing of all Rosneft and Lukoil assets in the United States Neither have

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Russia & Central Asia’s E-Commerce Market: A Deep Dive Introduction

China, Commonwealth of Independent States, Economy, Eurasian Economic Union, Exports, Finance, Imports, Infrastructure, Russia, Trade

Central Asia’s e-commerce market reached approximately US$14.7 billion in 2024, up from US$11.1 billion in 2023, driven by increasing internet penetration (now over 80% in urban areas) and smartphone adoption, according to data released by the IMARC Group. When considering this, it is pertinent to note the size of the two main bordering e-commerce markets

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Russia’s Private Investment Appetite for Public-Private Partnerships Shows Significant Growth

Economy, Finance, Infrastructure, Investment, Russia

Russian private investment into its national transport development projects, financed under Public-Private Partnership (PPP) agreements, has reached ₽246 billion (US$3 billion) in the first nine months of 2025, according to Natalya Morshchikhina, Director of the Department of Financial and Banking Activities and Investment Development of the Russian Ministry of Economic Development. She was speaking at

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Russian Ports Cargo Turnover Grows by 7.9% in September 2025

Infrastructure, Investment, Russia, Trade

The cargo turnover of all Russian seaports grew by 7.9% in September 2025 relative to September 2024, according to the SeaNews PORTSTAT analytical online service. Liquid petroleum cargo accounts for almost 50% of the cargo turnover structure of all Russian seaports. Russian exports, which accounted for 77.6% of the total cargo turnover in September 2025,

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Tatarstan To Expand River Cargo Freight Transport Capacity To 50 Million Tonnes

Infrastructure, Investment, Russia, Trade

Tatarstan’s river cargo transport throughput must be increased significantly by 2030, says Rustam Minnikhanov, the head of the republic. He was speaking at his annual address to the regional parliament. Minnikhanov stated that “The cargo flow by water is insufficient at the current 33 million tonnes. The goal is to increase water shipments to 50

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