Trade

India & Dubai Pick Up Global Diamond Business After EU’s Russia Sanctions

BRICS, Economy, Trade

Western sanctions on Russian diamonds are proving good business for Mumbai and Dubai, where European traders and cutters are now relocating too, after Brussels decided to impose sanctions on Russian sourced gems. Russia is the world’s largest supplier of raw diamonds, mostly sourced from Siberia’s Yakutia region. Neither India nor Dubai have followed the sanctions […]

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Russia Becomes Brazil’s Second Largest Wheat Supplier As BRICS Grain Exchange Touted

BRICS, Economy, Trade

In a nod to the BRICS grouping’s ability to increase trade and alternative supply chains, Russia exported 900,000 tonnes of wheat to Brazil in 2023, rising from fourth place to second place among Brazil’s leading suppliers, according to Russia’s Agriculture Ministry Agroexport center. Argentina is traditionally Brazil’s largest supplier of wheat, with a market share

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Russia’s Oil Supplies To North Korea Increase As Sanctions Fail

Energy, Logistics & Transport, Trade

The Financial Times has reported that Russia has started supplying oil directly to North Korea in defiance of UN sanctions, further cementing ties between the two countries and dealing a new blow to international efforts to contain Pyongyang. At least five North Korean large oil tankers have travelled this month to collect oil products from

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Ten Years Of Crimea’s Integration With Russia: The Economic Development Data

Economy, Logistics & Transport, Trade

On March 18, 2014, the Republic of Crimea and the city of Sevastopol became part of Russia. The Russian newspaper Kommersant has published data on how Crimea has changed since it returned to Russia. GDP Growth From 2014 to 2022, the GDP of Crimea increased 3.5 times — from ₽189.4 billion to ₽655.9 billion (US$9.32

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Russian Airlines Launch New Flights To China, Mongolia, Kazakhstan, Kyrgyzstan, Uzbekistan, Dubai, Philippines and Vietnam

Economy, Logistics & Transport, Trade

The new spring 2024 schedule for Russian airlines flight schedules includes the opening of new foreign destinations and the resumption of previously existing, but mothballed routes. Details are as follows: Russia-China Yakutia Airlines are to begin operating direct regular flights on the Yekaterinburg-Beijing route from April 4, with departures three times a week on Mondays,

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Prospects For BRICS Under Russia’s 2024 Chairmanship

BRICS, Economy, Trade

The influential World Geostrategic Insights (WGI) forum has provided an interview with US-Russia expert Paul Goncharoff concerning Russia taking the Chairmanship for the BRICS group for 2024. The WGI also namechecked our own new Russia’s Pivot To Asia guide, which contains extensive chapters and details of the prospects for BRICS 2024. It can be downloaded

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Gazprom Starts Connecting Strategic Asian Gas Pipelines

Energy, Logistics & Transport, Trade

Russian energy giant Gazprom has begun work aimed at linking the country’s gas pipelines into a nationwide gas transportation system, the company has announced on its official Telegram channel.  According to the announcement, the company launched construction of the 800km Belogorsk-Khabarovsk section of a new pipeline in Russia’s Far East, which will eventually connect the

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Russian Tourist Visits To Egypt Hit Record High In 2023

Economy, Eurasian Economic Union, Logistics & Transport, Trade

With the European Union fully suspending the visa-facilitation agreement between the European Union and Russia as part of sanctions in 2022, and European airlines no longer providing direct flights, alternative destinations for Russian nationals replacing European destinations are now in vogue. That trend can be seen in the tourist traffic from Russia to Egypt, which

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