The Venezuelan President, Nicolas Maduro, has stated that Venezuela is a part of BRICS and the path to join the BRICS group is being cleared. He was speaking during an interview with Brazilian journalist Breno Altman, broadcast by Venezolana de Television TV channel. Brazil had previously blocked Venezuela from joining due to concerns about the […]
Russia’s digital financial assets market grew more than 4 times in 2024, according to the Russian ACRA credit rating agency. Although still developing and partially hampered by sanctions, the overall trend is positive, with holdings up to ₽150 billion by the end of last year. According to ACRA’s estimates, digital financial instruments in Russia have
Russia’s Digital Financial Assets Grew Fourfold In 2024 Read More »
The Council of the Eurasian Economic Commission has approved a concept for improving the interaction of intelligent transport systems of the Eurasian Economic Union (EAEU). The EAEU includes Russia, as well as Armenia, Belarus, Kazakhstan and Kyrgyzstan. It has free trade agreements with China, Serbia, Iran, and Vietnam and is negotiating numerous others, including with
Eurasian Economic Union Adopting Intelligent Transport Systems Read More »
Russia is still actively in the process of refocusing its exports to the East and Global South.Trade with China and India has largely stabilized and the pace of its growth will slow, while new markets need to be developed, primarily exports to ASEAN countries, Russian Deputy Economic Development Minister Vladimir Ilyichev said recently in an
The Eurasian Economic Union (EAEU) may launch negotiations on a free trade agreement (FTA) with India in 2025. Deputy Economic Development Minister Vladimir Ilichev said that “this discussion has been ongoing for a long time. Moreover, on our side, at the EAEU level, all necessary decisions to begin negotiations have already been made. By the
India has permitted the Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to the Indian ship regulator’s website, as New Delhi desires a reliable and steady supply of Russian oil in spite of the latest escalation of U.S. sanctions. Taking matters a step further, India has extended the
The Russian Ministry of Foreign Affairs said it has notified Tokyo of the termination of memoranda between the two countries that set up Japanese centers in Russia. The Japan Centers in Russia were six Japanese government-supported institutions designed to transfer Japanese experience and new technologies to Russian entrepreneurs, as well as to train personnel who
An emerging downside of the United States and European Union imposition of sanctions upon Russia is that the bilateral trade volumes between them have deteriorated so much that threats of tariffs to reduce bilateral trade with Moscow have become degraded. With US-Russia bilateral trade for 2024 reaching US$3.7 billion, Russia now trades 25% more than
Russian President Vladimir Putin has been holding talks with Egyptian president Abdel Fattah el-Sisi, to discuss the Israel-Hamas truce, Syria, and collaborations such as the El Dabaa Nuclear Power Plant joint venture. The two leaders talked about the Palestinian-Israeli conflict, particularly in light of the recent agreement reached between Israel and Hamas, which includes a
Russia, Egypt, 2025 Bilateral Trade, Geopolitical and Investment Relations: Update Read More »
Chelyabinsk Electric Equipment Plant LLC (CEEP), a major manufacturer of electrical switchgear equipment in the Urals, is discussing the possibility of setting up assembly production in South Africa, the company has stated. Like Russia, South Africa is a member of BRICS. CEEP’s statement reads “From January 15 to 17, a delegation from CEEP led by
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