Russia’s Foreign Minister Sergey Lavrov and Choe Son Hui, the Foreign Minister of the Democratic People’s Republic of Korea, have been holding three-day talks as part of the second round of the strategic dialogue between Russia and North Korea in the new North Korean city of Wonsan on July 11. Kim Jong Un presided over […]
Russian and Chinese investors plan to set up a Joint Venture in the Titanium Valley Special Economic Zone (SEZ) to manufacture precision wire for electrolysis equipment, according to Sverdlovsk Region Deputy Governor Vasily Kozlov. He did not name the participants but stated “One of the residents of the Titanium Valley SEZ, in cooperation with a […]
The head of the Republic of Crimea, Sergei Aksyonov, has met with the director of the Federal Air Transport Agency (Rosaviatsia), Dmitry Yadrov, to discuss the prospects of resuming flights to the peninsula. He stated that “We discussed the future restoration of the aviation link and a number of issues concerning the material and technical […]
The St. Petersburg Exchange will complete the first timber export deal with China at the end of his month, according to Alexei Ryzhikov, the Managing Director of the exchange. He stated that “The Kazakhstan timber export project which we announced last year, is moving along nicely, and has had 44% growth this year. We have […]
The Russian President, Vladimir Putin, gave a speech at the main Plenary session of the BRICS 2025 annual Heads of State summit currently being held in Rio de Janeiro. In it, he discussed the BRICS growth, economic data, global payment systems and several potential new initiatives including the creation of a BRICS carbon trade mechanism, […]
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Russia’s Yuzhny Port terminal in Moscow has received a train with consumer goods from China for the first time, according to Russian Railways Logistics. The cargo was destined for the Southern Port Terminal, which has launched a regular import container service, with trains being prepared at China’s main Hefei city railway station and transiting through […]
The share of friendly countries in Russia’s foreign trade has increased from 46% to 82% over the past three years, including more than 85% of export deliveries now going to these countries, Russian Deputy Prime Minister Alexander Novak has stated. He was speaking at a government strategic meeting, “Training personnel in foreign economic activity to […]
Two Chinese airlines have introduced new direct routes to Vladivostok in the Russian Far East. They are a regional flight between Harbin, the Provincial capital of China’s northern Heilongjiang Province, which borders Russia, and flights from Shenyang, the Provincial capital of China’s eastern Liaoning Province. These flights will be operated by China Southern (Harbin) and […]
China’s Xinjiang Sanbao Industrial Group is to purchase the bankrupt Tomskgeoneftegaz LLC, a small oil production company in the Tomsk region, for about ₽4 billion (US$51.2 million). Sanbao’s investments are expected to partially cover creditor claims after reaching a deal with the main creditor, the Kazakhstan collection agency Eagle LLP. According to its website, Xinjiang […]
Sierra Leone’s government is prepared to grant Russian fishing operators an annual catch quota of 40,000 tons, along with investment incentives aimed at boosting bilateral cooperation in the aquaculture sector, according to the Russian Federal Agency for Fisheries (Rosrybolovstvo). The agency said the move was discussed during the inaugural session of the Russian-Sierra Leone Fisheries […]
The Central Bank of Russia has proposed to the Russian State Duma that the largest “systemically important” Russian banks must provide their clients with the option to use digital rubles from September 1, 2026. This is a pushback from the previously agreed-upon deadline of July 1 this year. The bank has instructed Russian retail companies with annual revenues exceeding […]
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