Trade

SCO

Shanghai Cooperation Organisation To Develop Services Along Eurasian Vehicle Silk Roads

Asia, China, Commonwealth of Independent States, Eurasian Economic Union, India, Infrastructure, Investment, Logistics & Transport, Middle East, Shanghai Cooperation Organisation, Trade

The Transport Ministers of the member countries of the Shanghai Cooperation Organisation (SCO) have signed an MoU concerning the development of road and roadside services along the ‘Silk Road’ – the vehicle and highway network between member countries. The Russian side was represented by Dmitry Zverev, the Deputy Minister of Transport. They discussed the joint […]

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BRICS

BRICS To Launch New Multilateral Guaranteed Investment Fund

BRICS, Finance, Investment, Trade

The BRICS group is to announce a new BRICS Multilateral Guarantee Fund, backed by its New Development Bank (NDB) to lower project financing costs and boost investment. The initiative, apparently modeled on the World Bank’s Multilateral Investment Guarantee Agency (MIGA), aims to address global investment shifts amid uncertainty surrounding U.S. economic policy, according to sources via Reuters. Brazilian officials

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Saudi

Russia, Saudi Arabia 2025 Relations: Update 

Energy, Exports, Imports, Investment, Middle East, Security, Trade

The Russian Foreign Minister, Sergey Lavrovm has held talks with Faisal bin Farhan Al Saud, the Foreign Minister of the Kingdom of Saudi Arabia, yesterday (July 4). Al Saud is in Moscow on a working visit.  The ministers called for maintaining a regular Russian-Saudi dialogue and intensifying delegation exchanges. They stressed the need for promoting

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russia-taliban

Russia Officially Recognizes The Taliban As Afghanistan’s Legitimate Government

Asia, Investment, Regulatory, Security, Trade

Moscow has officially recognized the Taliban in Afghanistan, becoming the first major power to establish formal diplomatic ties with the Islamic government. The Russian Supreme Court had previously removed the Taliban from its list of terrorist organizations in April this year, effectively legalizing its activities for the first time since the designation in 2003. The

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Flynas

Permission Granted For Direct Russia–Saudi Arabia Flights From August

Infrastructure, Logistics & Transport, Middle East, Trade

Russia’s Federal Air Transport Agency has issued a permit to Saudi Arabia’s Flynas airline to perform regular flights between Riyadh and Moscow’s Vnukovo airport. The airline can perform four flights per week, from August 1 to the end of the current spring-summer navigation (October 25), using Airbus A320/330 aircraft. At present, there are no direct

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BRICS

BRICS Demand for Russian Oil Exceeds Supply Capabilities

BRICS, Energy, Exports, Trade

The BRICS countries are demonstrating a growing interest in Russian energy resources, including oil, liquefied natural gas, and coal, with demand for oil exceeding available volumes, most of which have already been contracted, according to Roman Marshavin, Russia’s Deputy Energy Minister. He stated that “BRICS partners are already openly declaring their interest in Russian energy

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China

China Increases Purchases Of Russian Base Metals   

China, Exports, Investment, Trade

Beijing has increased purchases of Russian metals, according to Chinese customs data. Chinese imports of Russian aluminium jumped nearly 56% year-on-year to almost one million tons between January and May, while copper purchases surged 66% and nickel imports more than doubled, according to the Chinese statistics. While Russia’s largest aluminium producers Rusal and Norilsk Nickel

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Vladivostok

Two Chinese Airlines Introduce Direct Flights To Vladivostok

China, Logistics & Transport, Russian Market, Trade

Two Chinese airlines have introduced new direct routes to Vladivostok in the Russian Far East. They are a regional flight between Harbin, the Provincial capital of China’s northern Heilongjiang Province, which borders Russia, and flights from Shenyang, the Provincial capital of China’s eastern Liaoning Province. These flights will be operated by China Southern (Harbin) and

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Saudi

Russia Estimates Saudi Arabian Agricultural Market As Having Significant Growth Potential

Agriculture, Exports, Imports, Investment, Middle East, Trade

Russia has significant potential to increase agricultural exports to Saudi Arabia, with the total export potential of Russian agricultural products to the country estimated at US$1.4 billion by 2030, according to Ilya Ilyushin, Head of the Agroexport Federal Center. He was speaking at the Russian-Saudi GRAS Agro-Industrial Forum in Moscow on June 30. The GRAS Forum is the first-of-its-kind platform

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