Sberbank has launched payments using the SberPay QR code service in Turkiye, the bank has stated. Turkiye had previously come under sanctions pressure from the United States over initial plans for its banks to accept Russian MIR cards. Turkiye has become one of the biggest beneficiaries of the domestic Russian tourism market as Russians move […]
Sberbank Launches QR Code Payment System In Turkiye Read More »
The governments of Russia and the Democratic Republic of Sao Tome and Principe have concluded an agreement on military cooperation. The parties signed the deal in St. Petersburg on April 4, and is intended to remain in force “for an indefinite period of time.” Russia and Sao Tome and Principe have agreed to cooperate in
Russia, Sao Tome & Principe Sign Cooperation Agreements Read More »
The largest member companies in the Association of Beer, Malt and Beverage Producers (APP), together with partner farmers, have increased the sowing area for malting barley 6% this year to 240,700 hectares, a press release from the APP said. Farms in over 20 regions of Russia grow malting barley for APP members, predominantly in Altai,
Russia Moves To Self-Sufficiency In Beer Production Read More »
Imports of metallurgical coal from Russia have grown three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices – while the same imports from Australia have declined, according to Indian research firm Big Mint. Russia’s share in India’s metallurgical coal imports of 73.2 million tonnes has risen
Indian Imports Of Metallurgical Coal From Russia Grows To 21% Of Total Read More »
Kambiz Mirkarimi, a member of the board of directors of the Iran-Russia Joint Chamber of Commerce, has projected that over 88% of commodities exchanged between Iran and the member states of the Eurasian Economic Union (EAEU) will soon be subject to zero tariffs within the next two months. This forecast comes amidst the facilitation of
88% Of Iran-Eurasian Economic Union Bilateral Trade Expected To Be Tariff-Free Read More »
Brazilian imports of diesel oil from Russia last year soared 4,600% while purchases of fuel oil rose by almost 400%, in a US$8.6 billion boost to the Russian economy. Brasília imported 6.1 million tonnes of diesel from Russia in 2023, a 6,000% increase from the 101,000 tonnes the previous year. The value in dollar terms
Russia’s Energy Exports To Brazil Up 4,600% in 2023 Read More »
Russia’s Rostec, a high-tech military-level developer, and the Rostelecom its largest digital services operator have launched production of the Russian smartphones AYYA T1 with protection against data leakage. It is based on the Aurora mobile operating system, also developed by Rostelecom. The phone is available for corporate customers in two versions – with Android 11
The support measures provided for by the Russian Export Centre (REC) to encourage Russian businesses to look at new markets in ‘friendly’ countries has significantly increased the number of non-resource exporting companies. Among the most promising areas according to the REC are agricultural sector, IT and telecommunications, and logistics. According to the Russian Ministry of
Number of New Russian Exporters Grows 60% In Three Years As Asia Beckons Read More »
The first fully-fledged Agroexpress train, carrying oat flakes and cereals has been sent from the Yuzhnouralsky Transport and Logistics Center in Russia’s Chelyabinsk region to India’s Mundra Port in Mumbai via the eastern route of the International North-South Transport Corridor (INSTC), the press service of the State Transport Leasing Company has announced. The Agroexpress route
First Russia-India Direct Agroexpress Train Sent From Chelyabinsk To Mumbai Read More »
The Western media has been somewhat gleefully announcing that Gazprom, Russia’s largest gas producer, have announced losses for the first time in 20 years. They are estimated to be in the red to the tune of US$6.9 billion for 2023 results. The company, which is headquartered in St.Petersburg, had built its business model largely on
Gas Down, Oil Up As Gazprom’s Euro Losses Are Offset By Asian Gains Read More »
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