Trade Archives - Page 50 of 64 - RUSSIA'S PIVOT TO ASIA

Russia, CIS and Uzbekistan Expanding Trade Corridors

The Commonwealth of Independent States (CIS) held Ministerial-level meetings last week, followed by Russian President Vladimir Putin flying to Tashkent, Uzbekistan on Sunday (May 26) for talks with Uzbekistan’s President, Shavkat Mirziyoyev. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. CIS members are set to enter a new agreement on free […]

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CIS Trade Up Two-Thirds Since 2020

Commonwealth of Independent States, Economy, Trade

Russian Prime Minister Mikhail Mishustin has stated that trade turnover in the Commonwealth of Independent States(CIS) gained two thirds over the past four years. This year Russia chairs the CIS, he noted, adding that Moscow considers completion of the plan of action to implement the first stage of the Commonwealth’s economic development strategy through the

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EAEU, Mongolia Trade Can Grow 25%

Eurasian Economic Union, Trade

Maxim Vasiliev, Russia’s Trade Representative with Mongolia has suggested that the Mongolian government has linked its future economic growth to the successful signing of a Free Trade Agreement with the Eurasian Economic Union (EAEU). He was speaking at the economic conference “Prospects for the development of trade, economic and investment cooperation between Mongolia and the

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Russia To Open Embassies in Sierra Leone, Niger, & South Sudan: The Implications

Africa, Trade

Russia plans to open embassies in Sierra Leone, Niger, and South Sudan soon, Russian Foreign Minister Sergei Lavrov said at a reception of the upcoming Africa Day at the Russian Foreign Ministry on Thursday (May 23). The Russian embassy to Burkina Faso resumed its operations last December. We describe the basic economic and demographic situation

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Russia’s Trade Turnover With Central Asia Reached US$44 billion In 2023

Eurasian Economic Union, Trade

Mikhail Galuzin, Russia’s Deputy Foreign Minister, has stated that the total volume of trade turnover with Central Asia in 2023 exceeded US$44 billion, representing 33% of all foreign trade of the Central Asian states. Meanwhile, the use of mutual currency settlements in this trade in national currencies of Russia with Kazakhstan, Kyrgyzstan and Tajikistan has

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Algeria Applies To Join The Shanghai Cooperation Organization

Africa, Shanghai Cooperation Organisation, Trade

Russian Foreign Minister Sergey Lavrov says Algeria will become a member of the Shanghai Cooperation Organisation (SCO) after obtaining dialogue partner and subsequent observer status, after Algiers applied to become a dialogue partner of the SCO on Tuesday (May 21). The SCO, which accounts for some 20% of global GDP, was founded in 2001 by

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Laos Applies To Join The Shanghai Cooperation Organization

Eurasian Economic Union, Shanghai Cooperation Organisation, Trade

Update – August 14: Sergei Shoigu, Russia’s Security Council Secretary has reaffirmed Russia’s readiness to continue development and interaction between the Security Council of the Russian Federation and the Public Security Ministry of Laos, in meetings with Chansamone Chanyalath, the National Defense Minister of Laos, in Moscow. Laos, a member of the southeast ASEAN bloc,

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Krasnoyarsk To Become Asian Airfreight Transit Hub

China, Logistics & Transport, Trade

A new storage warehouse has opened in the cargo terminal at Krasnoyarsk Airport in southern Siberia, which will provide new logistical networks for the shipments of goods from the airport to Asia. The opening of the new warehouse at the cargo terminal took place on Tuesday (May 21), the airport said on social media. The

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Russia Looking To Revive South African Gas Refinery

BRICS, Energy, Trade

South Africa’s PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at South Africa’s gas-to-liquid (GTL) fuel plant in Mossel Bay in South Africa’s Western Cape. PetroSA spokeswoman Nonny Mashika-Dennison has said that all factors affecting the viability of restarting operations at the refinery were being considered as part of a comprehensive

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Russia, Vietnam, Launch Direct Rail Service Via China

Eurasian Economic Union, Logistics & Transport, Trade

FESCO, Russia’s largest transport company , and Vietnam’s Ratraco have signed a cooperation agreement that will introduce the launch of regular direct railway services between Russia and Vietnam through China. FESCO stated in a press release that “We signed a cooperation agreement in Hanoi with the Vietnamese logistics operator Ratraco, within the framework of which

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RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»

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