First, the good news: Russia doubled its diamond exports to India year on year in August, according to data from India’s Ministry of Commerce and Industry. They surged to a value of US$31.3 million in August 2025, more than double the US$13.4 million recorded in August 2024. Russia is the world’s largest producer of rough […]
The Russian President, Vladimir Putin has instructed the government, together with the Bank of Russia, to prepare proposals for the development of a financial centre in the Far East based on the Eastern Exchange, the Kremlin has stated. The Kremlin said that “The Russian government, together with the Bank of Russia, shall prepare and submit
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The Russian government is to build at least 10 Industrial and Technology Parks in the Far East and the Russian Arctic by 2030, the Kremlin said on Tuesday (November 4). Instructions were issued by the President, and read “To the Russian government: Taking into account previously issued instructions, ensure the creation by 2030 in the
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Vladimir Putin has instructed the Russian government to develop transport and logistics centers on the border with China and North Korea, according to the Kremlin. The Kremlin statement says “The Russian government has been instructed to take measures to ensure the development of multimodal transport and logistics centers in the Far Eastern Federal District and
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The Russian President Vladimir Putin has instructed the government to approve a roadmap for the long-term development of rare and rare earth metal mining and production by December 1, the Kremlin stated on Tuesday (November 4). Putin’s statement read, “To the Russian government, taking into account the previously issued instructions, approve an action plan for
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India’s crude oil imports from Russia rose in October, despite the US sanctions on Rosneft and Lukoil. India’s October imports of Russian oil reached 1.48 million barrels per day, according to data from oil tracking companies Kpler and OilX. Kpler estimated India’s Russian crude imports at about 1.48 million barrels per day (bpd) in October,
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The Russian Prime Minister Mikhail Mishustin and Chinese President Xi Jinping have met with their respective business delegations at the Great Hall of the People in Beijing. Mishustin was accompanied by Deputy Prime Ministers Tatyana Golikova, Dmitry Chernyshenko, Yury Trutnev and Alexander Novak, Ambassador of the Russian Federation to China Igor Morgulov, Minister of Agriculture
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Over the past few weeks, grumbles of discontent have begun emerging from the European population, about what appears to economic issues directly created by sanctions imposed upon Russia. These range from Finnish resorts bemoaning the lack of Russian tourists, Italian resorts closing, and Lithuanian cigarette smugglers causing chaos over ballooning in cheap products from Belarus.
Russian Railways Logistics has sent a full container train along the INSTC route from Chelyabinsk, in the Russian Urals region, to Mundra Port, in Gujarat, India. The train, consisting of 62 twenty-foot containers with oats, followed the eastern rail route of the INSTC North–South to Iran’s Bandar Abbas Port and was then shipped to Mundra.
The government’s interdepartmental working group on the creation and development of Russian Special Economic Zones (SEZ) has approved expanding the Kulibin SEZ in the Nizhny Novgorod Region, with a river port and new production facilities being planned, according to the regional government. The Kulibin SEZ currently has a site in Dzerzhinsk, while the additional 117.7-hectare
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