Trade

Blagoveshchensk Train

Blagoveshchensk Railway Port & Logistics Zone Next To China To Be Completed In 2025

China, Infrastructure, Trade

The Sukhoi Port Blagoveshchensk logistics railway terminal will start operating in the fall of 2025, the Government of the Amur Region has reported. Blagoveshchensk is strategically important, as it lies on the Russian border with China on the Amur River. A railway bridge was completed in 2022, which connects to Heihe in China, and from […]

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Russia’s Alfa Bank To Establish Offices In Beijing and Shanghai

China, Finance, Trade

Alfa Bank, Russia’s largest private lender, has applied to the Chinese authorities to open offices in Beijing and Shanghai. The bank is aiming to become the first private Russian bank to open fully-fledged branches in China, and comes after it recently expanded its client support services for Chinese businesses. Alfa Bank said it is already

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Malaysia To Apply To Join BRICS

BRICS, Trade

October 25 Update: Malaysia has now been granted ‘BRICS Partner’ status. See more here. Malaysia has decided to apply for BRICS membership and will start filing the official paperwork soon, Malaysian Prime Minister Anwar Ibrahim has said. Existing BRICS member South Africa has agreed to accept a request. Anwar said “We have made our policy

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Intra-Eurasian Economic Union Trade Up 7% In Q1 2024

Economy, Eurasian Economic Union, Trade

The mutual trade volume within the Eurasian Economic Union (EAEU) in the first quarter of 2024 increased by ₽2 trillion (US$22.5 billion), according to Dmitry Volvach, a Deputy Minister of the Russian Ministry of Economic Development of Russia. He was speaking at the ‘Export to the EAEU countries’ conference of interregional cooperation in Novosibirsk last

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Russia Outlines “BRICS Bridge” Digital Settlement Plans

BRICS, Economy, Trade

Russia has proposed to BRICS countries and partnership members a mechanism for cross-border payments based on the BRICS Bridge settlement platform, according to Anton Siluanov, Russia’s Finance Minister. He explained that the mechanism would see BRICS members central banks issue digital financial assets (DFAs), which would in turn peg their value to the national currencies

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Stablising Afghanistan: Russia’s New Opportunity

Infrastructure, Investment, Trade

Stabilising the situation in the Islamic Emirate of Afghanistan, requires fundamentally new approaches to relations with this country. It is necessary to ease the military-political tension along such an extensive border, which is also crucial for Russia’s positions in the region, according to AsiaIs, a website devoted to Russia-Asia political analysis. Afghanistan shares the longest

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Russia – North Korea 2024 Trade & Security Developments

China, Economy, Trade

Update June 18: As we predicted, Russian President Vladimir Putin will meet Kim Jong-Un, the President of North Korea, with the dates now confirmed for June 18th/19 in Pyongyang. According to the Kremlin, the Russian delegation will also include Foreign Minister Sergey Lavrov, First Deputy Prime Minister Denis Manturov, Defense Minister Andrey Belousov, Health Minister

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Moscow: Iran Would Benefit By Joining BRICS New Development Bank

BRICS, Finance, Investment, Trade

Sergey Ryabkov, Russia’s Deputy Foreign Minister has said that Iran would benefit if it joined New Development Bank established by the BRICS countries. Speaking at the BRICS foreign ministers meeting in Nizhny Novgorod, he said that “In order for Iran’s entry into BRICS to face the least difficulties, it is necessary to take a number

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