Myanmar would like to participate in BRICS as an observer country, its Minister for Information Maung Maung Ohn has stated: “We are poised for cooperation with the integration as an observer country, without full membership.” Russia took over the BRICS chairmanship from 1 January this year and will hold the BRICS summit with the participation […]
In a tit-for-tat move, President Putin has asked the Russian government to look into imposing restrictions on Russian exports of so-called ‘strategic’ materials such as nickel, titanium and uranium in response to sanctions imposed by the West. If carried out, the move has the potential to reshape critical industry supply chains as Russia’s allies, such
Russia and Turkmenistan’s bilateral trade has surged this year, increasing by 73% in the first half of 2024, surpassing US$700 million, according to the Russian Ministry of Economic Development. Deputy Minister of Economic Development of Russia Dmitry Volvach stated that “Last year, trade between Turkmenistan and Russia grew by 13%, and in the first half
Russia-Turkmenistan Bilateral Trade Up 73% In H1 2024 Read More »
The Digital Ruble will be in use across Russia in less than a years’ time, as the Central Bank has issued instructions to Russia’s systemically important lending institutions to allow clients the option to conduct transactions in Digital Rubles by July 1, 2025. The regulator has sent the corresponding proposals on amending the legislation to
Russian Banks Instructed To Permit Client Use of Digital Rubles From July 1, 2025 Read More »
Uranium One Group, a division of Russian SOE Rosatom, and Bolivia’s SOE Yacimientos de Litios Bolivianos (YLB) have signed a contract to build a lithium carbonate production plant at the Uyuni Salt Flat in Potosi, Bolivia, in the second half of 2025. Production will then gradually expand to eventually produce up to 14,000 tonnes of
Russia To Build Lithium Carbonate Plant In Bolivia Read More »
Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the
Russia Begins Paying China Traders In Hong Kong Using Couriered Gold Read More »
Russia’s Transit Transport Group, (TTG) one of Russia’s largest shipping companies has expanded its ‘Fetled Express’ marine service from Shanghai to St. Petersburg, adding the Sri Lankan port of Colombo to the route. The service directly connects China, Vietnam, Sri Lanka, Turkey, and Russia and is part of the Asia-Russia intermodal transportation chain. The full
Sri Lanka Added To Russian Maritime Service Between Shanghai and St. Petersburg Read More »
The redevelopment of Big Ussuri Island, including the opening of a new Russia-China border crossing, is stimulating billions of rubles of investment into the area, according to the Khabarovsk Minister of Economic Development, Viktor Kalashnikov. Bolshoi (Big) Ussuri Island is on the Amur River, along the border between Russia and China. The Russian part of
New China Border Checkpoint At Big Ussuri Island Spurs Additional Investment Projects Read More »
For the first time a goods train will deliver products directly from Ulyanovsk to Baku and then to Iran’s Astara in less than a month, the head of the region Alexey Russkikh said. Ulyanovsk, the administrative centre of the Ulyanovsk region, located on the banks of the Volga and Sviyaga rivers, is a major diversified
Russia’s bilateral trade growth with China is being subjected to the commercial brakes being applied to it by the United States sanctions policy, a scenario both Moscow and Beijing detest, and vehemently protest, but at present are being forced into adhering to some restrictions. The main problems come from sanctions, or the threat of them,
US Sanctions Impacting Russia-China Bilateral Trade – Problems & Development Analysis Read More »
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