Trade

First Russia-India Direct Agroexpress Train Sent From Chelyabinsk To Mumbai

India, Logistics & Transport, Trade

The first fully-fledged Agroexpress train, carrying oat flakes and cereals has been sent from the Yuzhnouralsky Transport and Logistics Center in Russia’s Chelyabinsk region to India’s Mundra Port in Mumbai via the eastern route of the International North-South Transport Corridor (INSTC), the press service of the State Transport Leasing Company has announced. The Agroexpress route […]

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Hambantota Airport

Sri Lanka’s Hambantota Airport To Be Jointly India-Russia Managed

BRICS, Foreign Investment, Infrastructure, Trade

The Sri Lankan authorities have decided to transfer the management of the southern Mattal Rajapaksa International Airport (MRIA) in Hambantota to the Russian airport management company AR Regional Airports and India’s Shauraya Aeronautics. MRIA is one of three international airports in Sri Lanka and was built to offset pressure at the main airport in the

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The Proposed Eurasian Economic Union – India Free Trade Agreement: Updates & Opinion

BRICS, Eurasian Economic Union, Trade

India and the Eurasian Economic Union (EAEU) have been holding discussions concerning a proposed free trade agreement for some time now. With the EAEU including Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, the concept holds considerable promise for India as it looks to secure new markets – Kazakhstan is a target, as is Russia, without having

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Mangolia

Russia and Mongolia To Increase Border Crossing Capacity By 300%

Eurasian Economic Union, Infrastructure, Trade

Ulaanbaatar plans to increase the capacity of checkpoints with Russia by at least 3 times, with the Mondy automobile checkpoint at the Russian Republic of Buryatia and the border with Mongolia being modernised. The border crossing will have nine lanes instead of today’s one. The capacity will be slightly less than 600 vehicles per day.

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Eurasian Economic Union, China Meet To Discuss Trade and Economic Cooperation

China, Trade

On April 19, in Beijing, Andrei Slepnev, joint chair of the Minister of Trade of the Eurasian Economic Commission and Li Fei, China’s Vice Minister of Commerce held discussions of the Joint Commission on the implementation of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the PRC. China has a

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Half of Russia-China Financial Transactions Arranged By Third Party Brokers

China, Finance, Trade

An estimated 50% of all financial transactions conducted between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters have reported, citing trade consultants and bankers, as well as importers and exporters. In December, US President Joe Biden signed an executive order that

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Russia’s Special Administrative Regions Gain Offshore Investment Interest

Foreign Investment, Infrastructure, Investment, Trade

The number of new companies registered in the Special Administrative Regions (SAR) on Russky Island in Vladivostok, and Oktyabrsky island in Kaliningrad exceeded 400 in April, with the registration of new residents indicating the continuing interest in re-domiciliation into Russia’s legal jurisdiction. The SAR’s offer specific benefits not available on the Russian mainland, including lower

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Russian Foreign Minister Meets With Bolivian Foreign Minister in Moscow

BRICS, Trade

Russia’s Foreign Minister, Sergey Lavrov, met with his Bolivian counterpart Celinda Sosa in Moscow on Friday (April 26). The Bolivian diplomat is paying a two-day visit to Russia on April 26 and 27. Discussed were bilateral ties, political dialogue, ways of broadening cooperation in various sectors and improving the legislative and contractual framework, as well

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