Trade

Russian Manufacturers Beginning To Replace Chinese Vendors In Russian Market Supply Chains

Economy, Foreign Investment, Trade

Russian current SME demand for intermediary agents to work with counterparties from China is growing at a record pace and includes a whole range of services – from searching for manufacturers of goods in demand in Russia, their delivery to setting up payment processes. The popularity of intermediaries has begun to increase as Chinese banks […]

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Russia’s Pivot To Asia Interviewed By World Geostrategic Insights

China, Economy, Foreign Investment, Trade

Russia’s Pivot To Asia has been asked for comments by World Geostrategic Insights for what it terms “Russia’s shift to the global south.” In four detailed and highly complex questions – we provide the answers about issues concerning Russia’s identity, the prospects for a “Greater Eurasia”, Russia’s relationship with China, and the impact of sanctions

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Eurasian Economic Union Wants More Cooperation With Shanghai Cooperation Organisation

China, Eurasian Economic Union, Trade

The Eurasian Economic Union (EAEU) considers broader cooperation with the Shanghai Cooperation Organization (SCO) as a crucial avenue of its activities, Eurasian Economic Commission Board Chairman Bakytzhan Sagintayev has said, speaking at a CIS international economic forum in Moscow. “Broader cooperation with the SCO is a key avenue for us. The EAEU and the SCO

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Icebreaker

Northern Sea Route To See Record Shipping Volumes During 2024

Logistics & Transport, Trade

Russia’s Rosatom state nuclear energy corporation expects record volumes of traffic along the Northern Sea Route (NSR) during 2024, CEO Alexei Likhachev said during last weeks ‘Developing the Northern Sea Route: Results for 2023’, and ‘Plans up to 2035’ meetings. Likhachev also said that the volume of transportation currently significantly exceeds the figures for the

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The Changbai Mountains on the border of China and Korea

Greater Tumen Initiative Plans Regional Eco-Tourism Development

Foreign Investment, Trade

The four countries participating in the Greater Tumen Initiative have agreed to come up with a joint collection of promising eco-tourism routes, and there are plans to issue it in 2024, the press service for the Russian Economic Development Ministry has said. Nikita Kondratyev, director of the Department of Multilateral Economic Cooperation and Special Projects,

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India & Dubai Pick Up Global Diamond Business After EU’s Russia Sanctions

BRICS, Economy, Trade

Western sanctions on Russian diamonds are proving good business for Mumbai and Dubai, where European traders and cutters are now relocating too, after Brussels decided to impose sanctions on Russian sourced gems. Russia is the world’s largest supplier of raw diamonds, mostly sourced from Siberia’s Yakutia region. Neither India nor Dubai have followed the sanctions

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Russia Becomes Brazil’s Second Largest Wheat Supplier As BRICS Grain Exchange Touted

BRICS, Economy, Trade

In a nod to the BRICS grouping’s ability to increase trade and alternative supply chains, Russia exported 900,000 tonnes of wheat to Brazil in 2023, rising from fourth place to second place among Brazil’s leading suppliers, according to Russia’s Agriculture Ministry Agroexport center. Argentina is traditionally Brazil’s largest supplier of wheat, with a market share

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