Trade

Russia’s Ministry of Trade Incentivizes Non-Energy Export Trade To The Global South

Africa, China, India, Trade

The Russian Ministry of Industry and Trade is preparing updates for what will be a national directive under the banner “International Cooperation and Export” where the main emphasis will be on the reorientation of non-resource, non-energy exports to countries in Africa, Southeast Asia, and Latin America. The updated national project will be operational until 2030 […]

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Russia Uzbekistan Flag

Russia, Uzbekistan, To Triple Bilateral Trade, Agree On Nuclear Power Plant 

Commonwealth of Independent States, Energy, Trade

Russia and Uzbekistan have agreed to triple their bilateral trade volumes with a goal of reaching US$30 billion by 2030. In addition, Russia’s Atomstroyexport JSC has signed a contract with the Uzbekistan Directorate for Nuclear Power Plant Construction to build a low-capacity nuclear power plant in Uzbekistan’s Jizzakh region. The decisions follow meetings in Tashkent

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Russia, CIS and Uzbekistan Expanding Trade Corridors

Commonwealth of Independent States, Eurasian Economic Union, Trade

The Commonwealth of Independent States (CIS) held Ministerial-level meetings last week, followed by Russian President Vladimir Putin flying to Tashkent, Uzbekistan on Sunday (May 26) for talks with Uzbekistan’s President, Shavkat Mirziyoyev. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. CIS members are set to enter a new agreement on free

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Africa and Russia

Russia To Open Embassies in Sierra Leone, Niger, & South Sudan: The Implications

Africa, Trade

Russia plans to open embassies in Sierra Leone, Niger, and South Sudan soon, Russian Foreign Minister Sergei Lavrov said at a reception of the upcoming Africa Day at the Russian Foreign Ministry on Thursday (May 23). The Russian embassy to Burkina Faso resumed its operations last December. We describe the basic economic and demographic situation

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Russia’s Trade Turnover With Central Asia Reached US$44 billion In 2023

Eurasian Economic Union, Trade

Mikhail Galuzin, Russia’s Deputy Foreign Minister, has stated that the total volume of trade turnover with Central Asia in 2023 exceeded US$44 billion, representing 33% of all foreign trade of the Central Asian states. Meanwhile, the use of mutual currency settlements in this trade in national currencies of Russia with Kazakhstan, Kyrgyzstan and Tajikistan has

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Algeria Applies To Join The Shanghai Cooperation Organization

Africa, Shanghai Cooperation Organisation, Trade

Russian Foreign Minister Sergey Lavrov says Algeria will become a member of the Shanghai Cooperation Organisation (SCO) after obtaining dialogue partner and subsequent observer status, after Algiers applied to become a dialogue partner of the SCO on Tuesday (May 21). The SCO, which accounts for some 20% of global GDP, was founded in 2001 by

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Laos Applies To Join The Shanghai Cooperation Organization

Eurasian Economic Union, Shanghai Cooperation Organisation, Trade

Update – August 14: Sergei Shoigu, Russia’s Security Council Secretary has reaffirmed Russia’s readiness to continue development and interaction between the Security Council of the Russian Federation and the Public Security Ministry of Laos, in meetings with Chansamone Chanyalath, the National Defense Minister of Laos, in Moscow. Laos, a member of the southeast ASEAN bloc,

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