The Russian container market grew 13% in the first quarter of 2024 compared to the same period last year, to 1.608 million twenty-foot equivalent units (TEU), Russia’s FESCO transport group has said. The figures are indicative of expanding import-export trade. Imports increased 10% to 706,000 TEU, and exports were up 13% to 436,000 TEU. Domestic […]
Iran could start accepting Russian MIR debit and credit cards within the next few months, the trade attaché from Tehran’s embassy in Moscow has stated. According to Mohsen Rahimi, work on preparing the necessary technical infrastructure is already underway, although implementing the system will take time. The move comes as Russia and Iran continue to
Meetings took place last Friday between Alexei Tsydenov, the Governor of the Russian Republic of Buryatia, Buyaagiiin Tulga, a Mongolian Minister and the Chairman of the National Committee for the Revival of Border Points. The meetings focused on improving cross-border connectivity as Mongolia is shortly to engage in a Free Trade Agreement with the Eurasian
It is not being mentioned in French media, however 2024 is proving to be a year where France is being effectively evicted from its African colonial ‘possessions’ and being replaced with rather stronger leaders, often supported by their military, who have increasingly turned to Russia for support. We have already commented on the position and
African countries have significantly boosted imports from Russia, in signs that the shift to trade development with the global south is having a profound effect on supply chains, trade flows and creating new opportunities. Africa outperformed Russia’s trade partners from the Americas – the United States, Canada, Mexico and Latin America. In 2023, the share
Russia’s Exports to Africa Outstrip Exports to the Americas Read More »
Colombia’s President Gustavo Petro has expressed interest in his country’s entry into BRCIS, while his Brazilian counterpart Luiz Inacio Lula da Silva intends to facilitate the promotion of candidacy of the neighboring country. “President Petro expressed Colombia’s interest in joining BRICS as a full-fledged member as soon as possible, while President Lula welcomed this initiative,
Investments made – mainly by manufacturing businesses – rose by 76% in 2023 to hit ₽261 billion (US$2.8 billion) according to the Russian Association of Industrial Parks (AIP). Only confirmed investments on completed projects — were taken into account, with the volume the highest in ten years. AIP Director Denis Zhuravsky has said that the
Investment In Russia’s Industrial Parks Grows 76% Read More »
Russia and Azerbaijan have intensified work on the development of different segments of the International North-South Transport Corridor (INSTC), according to Alexander Sitov, the First Deputy Chairman of the Committee on Industrial Policy, Innovation and Trade of St. Petersburg, speaking in Baku. “There are several segments of cooperation with Azerbaijan regarding the activation of the
The International Monetary Fund (IMF) has raised its outlook for Russian GDP growth in 2024 to 3.2% from the 2.6% it was predicting in January, it said in its April World Economic Outlook update, published on Tuesday (April 16). The IMF forecast is above the 2.2% growth the Russian Economic Development Ministry and 1.0%-2.0% that
IMF Raises Russia’s 2024 GDP Growth Outlook To 3.2% Read More »
Russia is increasingly been seen as a protective responsible power as an alternative to France, the old colonial power in Africa. Following French withdrawal from Niger and Mali, Algeria has joined the exodus of leaving Paris for Moscow ties. The two countries have signed a security cooperation agreement on a variety of issues, including fighting
Russia, Algeria Sign Trade and Security Partnership Agreements Read More »
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