Trade

Iran

Russia, Iran To Create Consortium of Ports and Shipping Companies

Infrastructure, Investment, Logistics & Transport, Middle East, Trade

Russia and Iran are create an association to unite ports and shipping companies of the two countries according to the Russian Ministry of Transport, who announced the plans following talks between Dmitry Zverev, State Secretary and Deputy Minister of Transport of Russia, and Saeed Rasouli, Deputy Minister of Roads and Urban Development of Iran. The […]

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Amur

Russia, China Study 70 Inland Border River Navigation Capabilities  

China, Exports, Imports, Infrastructure, Investment, Trade

Russia and China have conducted navigation studies for the development of shipping lanes on the border sections of the Amur, Ussuri, Argun, Sungacha and Lake Khanka rivers, according to the Amur basin of inland Waterways (FBU Administration Amurvodput). The recent 66th meeting of the Joint Russian-Chinese Commission for Navigation on Border Rivers agreed on planned

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Global South Image

Global South To Increase Share Of Global Trade: Boston Consulting

Africa, Asia, BRICS, China, Latin America, Middle East, Russian Market, Trade

The countries of the Global South, which include 133 countries in Asia, Africa, Latin America and the Middle East, will trade more actively with China in the next decade, the Boston Consulting Group (BCG) has stated in their latest report. They note that trade turnover between China and the Global South will grow by 5.9%

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Sri Lanka

Oman Joins International North-South Transport Corridor

Infrastructure, Logistics & Transport, Middle East, Trade

Roman Starovoit, Russia’s Minister of Transport, has met jointly with President Vladimir Putin and Sultan of Oman Haysam Bin Tarek Al Said, with an MoU in transport and transit signed between the transport authorities of the two countries. The document realizes the transit potential of the North-South international transport corridor, increases the efficiency of transport

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Sri Lanka

Russia, Sri Lanka Trade Increased 2.4 Times In 2024

Agriculture, Asia, Exports, Imports, Trade

The bilateral trade turnover of agricultural products between Russia and Sri Lanka grew 2.4-fold to reach US$343.7 million in 2024, Russia’s Agroexport federal centre has said. While relatively small, the results show an improvement in the Sri Lanka economy, with the country defaulting on its foreign debts in 2023. Russia has provided some aid assistance.

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Image Hyundai

Hyundai, Kia Preparing To Return To The Russian Market? 

Asia, Imports, Russian Market, Trade

In signs that some businesses are preparing to return to the Russian market, South Korea’s auto giant Hyundai has registered at least eight new trademarks with Russia’s intellectual property service, Rospatent, this month. The filings suggest that Hyundai could be preparing for a return to the Russian market. The new trademarks grant the company the

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Cosmetics

Russia Imposes 35% Import Tariffs On Cosmetics & Perfumes From Unfriendly Countries

China, Imports, India, Russian Market, Trade

Russia’s Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty

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LV

Louis Vuitton Preparing To Return To The Russian Market? 

Imports, Russian Market, Trade

French luxury brand Louis Vuitton has registered up to six new trademarks in Russia, according to media reports citing records kept by the country’s federal intellectual property agency, Rospatent. Louis Vuitton filed an application in October, and Rospatent registered a new trademark this month, which is valid until 2034. The Rospatent database apparently shows that

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Kaliningrad

EU loses Another Listed Company To Russian Domiciliation  

Economy, Finance, Russian Market, Trade

The European Union has lost another listed company to Russian domiciliation as video analytics solutions developer NtechLab has completed redomiciliation from Cyprus to the Kaliningrad Region Special Administrative District. The entity will be known as IPJSC NTK. N-Tech.Lab LTD owns NtechLab’s main operational legal entity in Russia – NTech Lab LLC, which is a world

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