Anton Alikhanov, Russia’s Trade & Industry Minister, has stated that the BRICS nations would create a consortium for the construction of aircraft engines, after a meeting between the BRICS countries’ industry ministers. We stated that “We hope that our proposals on creating a consortium in power engineering, in particular, aero engine construction, will be supported. […]
Free Trade Agreements between the Eurasian Economic Union (EAEU) and Egypt, Indonesia and the United Arab Emirates (UAE), are almost finished, according to Anton Alikhanov, Russia’s Trade & Industry Minister said at a meeting of BRICS industry ministers. “Free trade agreements are a major and efficient mechanism of developing the EAEU’s relations with foreign partners.
Russia’s FESCO Transportation Group is launching the FESCO Intra Asia Service (FIAS) regular line between Vietnam and Malaysia, the company has stated. A 400TEU container ship from the FESCO fleet will operate the line between the Vietnamese port of Ho Chi Minh City and Malaysia’s Port Klang. The ship will depart once a week and
Direct Shipping Introduced Between Vladivostok, Malaysia and Vietnam Read More »
These may be small wins in the overall scheme of Russia’s exports, but its still a lot of crab. Russia exported 9,400 tonnes of crab worth US$177 million to South Korea in H1 2024, according to the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE). Although supplies decreased by 20% in physical terms and
Russia Increases Share Of South Korea’s Crab Consumer Market Read More »
The European markets loss of Russia as a consumer market is creating new wealth elsewhere, as illustrated by Russia importing 30,500 tonnes of fish and seafood from Turkiye in H1 2024, a 35% increase from the same period last year, according to the analytical center of the Russian Fish Union. Turkish exports to Russia increased
Russia Purchases 35% More Fish From Turkiye in H1 2024 Read More »
India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India
Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade Read More »
India’s Nuclear Power Corporation of India Limited (NPCIL), is considering forming a joint venture with Rosatom for manufacturing nuclear fuel in the country to boost its nuclear capability. Russia is already helping build the Kudankulam Nuclear Power Plant (NPP) in southern India, set to be the largest atomic power plant in the country. That NPP
Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of
Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities Read More »
Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently
Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system.
Russia and China To Conduct First Barter Trade Deals In September / October Read More »
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