Trade

DPRK

Russia-North Korea 2025 Relations: Update

Agriculture, Asia, Infrastructure, Security, Trade

The Secretary of the Russian Security Council, Sergei Shoigu, has met with the North Korean leader Kim Jong-un in Pyongyang, with the Korean Central News Agency (KCNA) stating that the North Korean government will continue to “unconditionally support Moscow” in the conflict in Ukraine. Their statement read, “Comrade Kim Jong-un assured that the government of […]

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RussiaAsia

FESCO Ships Equipment From Mumbai To Kaliningrad For New Food Production Plant

BRICS, Imports, India, Logistics & Transport, Russian Market, Trade

Russia’s FESCO Transport Group has been making shipments of equipment in specialized Flat Rack containers to the Kaliningrad region from the Indian port of Mundra, Mumbai. The oversized cargo is intended for the construction of a new food production plant in Kaliningrad. Three shipments have already been delivered, with a total volume of 64 TEU.

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Space Tourism

Russia To Develop Space Tourism Industry: Prospects

China, India, Infrastructure, Logistics & Transport, Russian Market, Trade

Russia’s Roscosmos is planning to send space tourists to the Russian space station currently under development, according to Roscosmos CEO Dmitry Bakanov. He stated that “Instead of the ISS (International Space Station), there will be a Russian space station where we are planning to develop tourist missions as well.” Russia is creating the new station

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Turkeminstan

Russia, Turkmenistan Discuss International North-South Transportation Corridor Rail Cooperation

Asia, Infrastructure, Logistics & Transport, Trade

Roman Starovoit, the Russian Minister of Transport, has had video discussions with Mammetkhan Chakyev, Head of the Agency for Transport and Communications of Turkmenistan. The meeting focused on the development of international transport projects. The key topic of discussion was the expansion of opportunities for road freight transportation. The parties discussed ways to increase the

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AG Bank Flag

Russian Agricultural Bank Considering Cryptocurrencies in Grain Trade Settlements

Agriculture, Economy, Exports, Finance, Trade

The Russian Agricultural Bank (RusAg) is considering using cryptocurrencies for settlements in grain trading, the bank has stated. RusAg first deputy CEO Irina Zhachkina said that “We believe that cryptocurrencies could be a convenient alternative instrument, and we are now exploring the possibility of using cryptocurrency instruments for settlements in grain trading with the Bank

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Industrial Park

Russia To Invest Millions Into The Creation Of New Industrial Parks

Economy, Exports, Finance, Russian Market, Trade

The Russian government will allocate nearly ₽860 million (US$11 million) this year to finance the development of industrial parks and techno parks in numerous regions. Industrial and technological parks were a key component of China’s manufacturing success from the early 2000’s to the present day. They offer investment incentives, such as tax breaks, reduced utility

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Rosatom

Rosatom Planning To Commission NPP In Bangladesh, Bolivia and Turkiye

Energy, Exports, Infrastructure, Trade

Russia’s Rosatom state nuclear energy corporation will continue working this year to ensure that multiple power units are ready for commissioning in Bangladesh, Bolivia, and Turkiye, according to  Atomenergoprom. The company is a 100% state-owned holding company that unifies the Russian civil nuclear industry and is part of the Rosatom state corporation. Interest on the

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EAEU

Eurasian Economic Union to Sign Free Trade Agreements With Mongolia & UAE End June

Eurasian Economic Union, Exports, Finance, Imports, Trade

Free Trade Agreements between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) and Mongolia will be signed in Minsk in late June, Belarusian Deputy Foreign Minister Pavel Utyupin has said. Belarus currently holds the chairmanship of the EAEU, which also includes Armenia, Kazakhstan, Kyrgyzstan, and Russia. Utyupin was quoted in Belarus Segodnya

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Outbound Tourism

Russian Summer 2025 Outbound Tourist Volumes Expected To Increase 24.8%

Africa, Asia, Exports, Logistics & Transport, Middle East, Russian Market, Trade

Outbound tourism from Russia may reach some 6.4 million this coming summer, which is a 24.8% increase from last year, the Russian Association of Tour Operators (ATOR) said on Friday (May 30). Artur Muradyan, vice president of ATOR for international tourism, said that “The early booking of summer vacations is almost twice as successful this

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