Trade

Sri Lanka

Oman Joins International North-South Transport Corridor

Infrastructure, Logistics & Transport, Middle East, Trade

Roman Starovoit, Russia’s Minister of Transport, has met jointly with President Vladimir Putin and Sultan of Oman Haysam Bin Tarek Al Said, with an MoU in transport and transit signed between the transport authorities of the two countries. The document realizes the transit potential of the North-South international transport corridor, increases the efficiency of transport […]

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Sri Lanka

Russia, Sri Lanka Trade Increased 2.4 Times In 2024

Agriculture, Asia, Exports, Imports, Trade

The bilateral trade turnover of agricultural products between Russia and Sri Lanka grew 2.4-fold to reach US$343.7 million in 2024, Russia’s Agroexport federal centre has said. While relatively small, the results show an improvement in the Sri Lanka economy, with the country defaulting on its foreign debts in 2023. Russia has provided some aid assistance.

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Image Hyundai

Hyundai, Kia Preparing To Return To The Russian Market? 

Asia, Imports, Russian Market, Trade

In signs that some businesses are preparing to return to the Russian market, South Korea’s auto giant Hyundai has registered at least eight new trademarks with Russia’s intellectual property service, Rospatent, this month. The filings suggest that Hyundai could be preparing for a return to the Russian market. The new trademarks grant the company the

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Cosmetics

Russia Imposes 35% Import Tariffs On Cosmetics & Perfumes From Unfriendly Countries

China, Imports, India, Russian Market, Trade

Russia’s Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty

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LV

Louis Vuitton Preparing To Return To The Russian Market? 

Imports, Russian Market, Trade

French luxury brand Louis Vuitton has registered up to six new trademarks in Russia, according to media reports citing records kept by the country’s federal intellectual property agency, Rospatent. Louis Vuitton filed an application in October, and Rospatent registered a new trademark this month, which is valid until 2034. The Rospatent database apparently shows that

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Kaliningrad

EU loses Another Listed Company To Russian Domiciliation  

Economy, Finance, Russian Market, Trade

The European Union has lost another listed company to Russian domiciliation as video analytics solutions developer NtechLab has completed redomiciliation from Cyprus to the Kaliningrad Region Special Administrative District. The entity will be known as IPJSC NTK. N-Tech.Lab LTD owns NtechLab’s main operational legal entity in Russia – NTech Lab LLC, which is a world

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OIC Flag

Russia Hosts Foreign Ambassadors of the Islamic Organisation for Cooperation

Africa, Asia, BRICS, Exports, Imports, Investment, Middle East, Trade

The Russian Ministry of Foreign Affairs has hosted an informational meeting of the leadership of the Strategic Vision Group ‘Russia – Islamic World’ with the ambassadors of the member states of the Organisation of Islamic Cooperation (OIC). The meeting was co-hosted by Sergey Lavrov, Russia’s Foreign Minister, and Rustam Minnikhanov, of the Republic of Tatarstan,

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Russia Oman Flags

Russia, Oman 2025 Relations: Update  

Investment, Middle East, Trade

The Russian President, Vladimir Putin, and Sultan Haitham bin Tariq Al Said, the Sultan of Oman, have been holding talks in Moscow to  address the main tracks of further development of Russian-Oman cooperation, including the trade-economic, financial-investment and cultural-humanitarian spheres, as well as vital international and regional issues. Oman is strategically located in the south

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RussiaSouth-Africa-Flags

Russia, South Africa 2025 Relations: Putin & Ramaphosa Talk Trade & Support  

Africa, BRICS, Exports, Imports, Investment, Trade

The Russian President, Vladimir Putin, and South Africa President Cyril Ramaphosa have held a telephone conversation to discuss the further development of bilateral cooperation, particularly in trade and economy, as well as investment. South Africa has come under significant United States tariff pressures with Washington imposing a 31% import tariff on all South African goods.

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