Preparations for Russian President Vladimir Putin’s visit to North Korea are ongoing, according to Kremlin Spokesman Dmitry Peskov. North Korea’s leader Kim Jong Un invited Putin to visit his country when he travelled to Russia in September. It was reported earlier that the countries would work to set a time for Putin’s trip. Any trip […]
Moscow and New Delhi plan to start negotiations in June on potential visa-free travel for tourist groups, with a view to striking a bilateral deal by the end of the year, Nikita Kondratyev, director multilateral cooperation at the Russian Ministry of Economic Development, has said. ”The process regarding group visa-free travel has progressed. The Indian
India’s Foreign Minister Subrahmanyam Jaishankar has stated that New Delhi’s decision to purchase energy supplies from Moscow are pivotal to India and its rise as the world’s fastest-growing large economy. Speaking at an event in Mumbai, India’s financial capital, Jaishankar emphasized that the nation’s purchases of Russian crude since the beginning of the Ukraine conflict
India’s Foreign Minister: India’s 7.6% GDP Growth Rate Is Fuelled By Russia Read More »
Rustam Habibullin, the head of the Russian Business Center in Afghanistan, has said that the trade turnover between Russia and Afghanistan after the withdrawal of US and NATO forces has increased significantly and reached US$1 billion. He stated that the main areas of trade are gas, oil products, flour and wheat, and more recently, dairy
Russia – Afghanistan Trade Turnover Up Fivefold Since 2022 US Troop Withdrawal Read More »
The Russian Association of Tour Operators (ATOR) has said that foreign tourist arrivals in Russia tripled year-on-year in the first quarter of 2024, and half of those tourists came from China, citing statistics from the Border Service of the Federal Security Service (FSB). ATOR stated that “Almost 218,800 foreign citizens who declared tourism as the
Foreign Tourist Arrivals In Russia Tripled In Q1 2024 Read More »
The Russian National Reinsurance Company (RNPK) has increased its marine risk reinsurance, including cargo, and liability of shipowners by an immediate 20 – 30%. According to experts, this is due to the growth of the shadow fleet and the cost of shipping. For insurers, an increase in limits can mean not only an increase in
Andrey Belousov, a former Deputy Prime Minister, has been appointed as Russia’s new Minister of Defense. Belousov is a longstanding member of the Russian political elite who has held important government positions for the past 20 years. He is the first civilian to hold the post, and has spent most of his career working as
Strategic Development Comments From Andrey Belousov, Russia’s New Defense Minister Read More »
Russian President Vladimir Putin has confirmed his trip to Beijing to hold meetings with Chinese President Xi Jinping, himself just back from a trip to France, Serbia, and Hungary – the latter two Russia-friendly European nations. Putin meanwhile this week has restructured his government and moved around senior officials and just held meetings with Eurasian
The Putin-Xi Summit: Integrating Oblasts & Handling Sanctions Read More »
The Russian Chamber of Commerce & Industry has suggested changes to Russia’s import substitution sector lest it start to rely too much on Chinese manufacturing. To reduce import dependence in Russia’s manufacturing and mechanical engineering sectors, it is essential to accelerate the development of component manufacturers – a third layer of Russian industrialisation. At present,
Russia Needs To Reduce Import Dependence On China: Chamber of Commerce & Industry Read More »
The tenth anniversary meetings of the founding of the Eurasian Economic Union (EAEU) took place last week, with the five member bloc assessing progress and planning ahead. The EAEU, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, fills the geographic space between Eastern Europe and Western China. Uzbekistan is not a member but does have
Uzbekistan Contemplates Further Eurasian Economic Union Trade & Development Read More »
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