The St Petersburg International Mercantile Exchange (SPIMEX) has said it will set a new record for the sale of timber and its processed products in 2024 of around 5.3 million to 5.5 million cubic meters, amounting to about ₽10 billion (US$97.2 million) in monetary terms, SPIMEX Managing Director Alexei Ryzhikov has said, in a year […]
Russian Timber Exchange Logs Record Trade Volumes Read More »
The Russian Fishery Shipowners Association (FSA) has said that Russia exported more than 1 million tonnes of frozen fish in 9M 2024, accounting for 17.4% of global exports compared to 16.2% at the end of 2023, following an analysis of global fish export statistics. The FSA said that “Frozen fish remains the main product of
Russia Splashes Ahead As World’s Largest Frozen Fish Exporter Read More »
Russia’s Ministry of Agriculture Agroexport Center has said that Russia exported dairy products worth US$370 million in 11M 2024, up 20% year-on-year. More than 30% of these export revenues came from cheeses and cottage cheese, 22% from fermented dairy products, 14% from ice cream, 11% from powdered milk, 9% from milk and cream and 6%
The practical difficulties of imposing sanctions upon Russia on an economy are adequately shown in Russia’s 2024 bilateral trade data with Japan, which has declined by 15.9% during 2024. However, a closer look at the data reveals that the trade damage inflicted has been on Japanese products – its exports to Russia were down 22.2%,
Russia – Japan Total Trade Down, But Russian Exports To Japan Up Read More »
Belarus’s Belavia Airlines has launched regular flights from Minsk to Urumqi, the capital of northwest China’s Xinjiang Province. It is the largest and wealthiest city in Central Asia. The first flight had over 75% occupancy. The Urumqi-Minsk flight also delivered over three tonnes of cargo, mainly parts for Chinese-manufactured cars, along with the passengers. It
Air Arabia plans to launch direct flights on the Sharjah, of the United Arab Emirates, to Sochi on Russia’s Black Sea Coast route starting from June 27, 2025, according to Sochi Airport. Flights will operate three times per week on Mondays, Wednesdays, and Fridays on narrow-body Airbus A320 aircraft, with travel time just under four
Direct Sharjah – Sochi Flights To Start From June 2025 Read More »
The Russian Ambassador to Tajikistan, Semyon Grigoriev, has said that the bilateral trade turnover between Russia and Tajikistan rose 18.4% year-on-year to around US$1.4 billion between January to September 2024. This implies an annual total turnover of about US$1.87 billion for the full year. Grigoriev said during an interview with Tajikistan’s National Information Agency that
Russia – Tajikistan Bilateral Trade Up 18.4% In 9M 2024 Read More »
The BRICS will review Syria’s existing membership application if the new Syrian authorities endorse it, according to Sergey Ryabkov, Russian Deputy Foreign Minister and Russia’s Sherpa in the BRIC. Russia currently holds the BRICS Presidency. Ryabkov said that “We consider applications of all countries very seriously, and Syria is no exception. But we do not
Syria Can Still Be Considered For BRICS If New Government Confirms Interest Read More »
Russia’s State-Owned Direct Investment Fund (RDIF) has announced the launch of a strategic alliance within the BRICS to jointly develop Artificial Intelligence (AI), according to Kirill Dmitriev, the RDIF chief executive. RDIF’s government mandate is to make investments in high-growth sectors of the Russian economy, as well as co-invest alongside the world’s largest institutional investors,
Russia’s Sovereign Wealth Fund Invests In A BRICS+AI Alliance Read More »
Russia’s Baltika beer brand, which was sold to its Russian management team for US$320 million in December last year following Carlsberg’s exit from the Russian consumer market, have launched 11 new online stores on popular internet platforms in China, and plans to open a trading house in Shanghai by the end of 2024. Baltika Brewery
Russia’s Baltika Beer To Open A Trading House In Shanghai Read More »
Русский