Republika Srpska President Milorad Dodik said that the Balkan countries should not join the European Union, whose economic and political situation is deteriorating and leading to disintegration. He assured that this year too, January 9 will be celebrated as a public holiday – Republika Srpska Day. The country has been part of Bosnia and Herzegovina […]
With the upcoming President of the United States, Donald Trump, offering to buy Greenland, we examine Russia’s trade with the territory. Being an autonomous territory of Denmark, Greenland follows EU sanctions, however there is interaction with Russia. With the melting of Greenland’s ice cover due to global warming, its abundance of mineral wealth and its
A symbol, as well as being representative of Russia’s move to replace previously EU manufactured imported products with products of Russian origin is Russia’s viniculture sector. Wines from Italy, France and Spain have long been popular in Russia, with these three countries alone accounting for 80% of all EU wine exports. In addition, viniculture is
How Russia Is Repositioning Its Wine Industry To Boost BRICS and Domestic Production Read More »
Indonesia has become a full member of the BRICS group, the its current rotating chair country, Brazil, announced on Monday (January 6). It brings the full member number of BRICS countries to ten, with the others being Brazil, Russia, India, China and South Africa, in addition to Egypt, Ethiopia, Iran, and the UAE. Several other
Iran’s imports of non-oil products from Russia have reached US$1.1 billion in the past 8 months, according to Foroud Asgari, Iran’s Minister of Customs. He said that Russia has now become the fifth largest source of Iranian imports. In early December, Russian President Vladimir Putin had highlighted the stability and reliability of trade and economic
Iran Imports From Russia Up As New Supply Chains Kick In Read More »
Belgrade is ready to purchase Russia’s share in the Naftna Industrija Srbije (NIS), a key energy company in Serbia, in the wake of looming US sanctions against it, the Serbian President Aleksandar Vucic has stated. Washington threatened to impose sanctions against NIS over Russian ownership. Russia provides about 15% of Serbia’s total energy needs. Vucic
Russia’s Pivot To Asia have published their ‘2025 Guide to Central Asia’, which details Russia’s trade, investment and geopolitical relations with Kazakhstan, Turkmenistan, Tajikistan, Uzbekistan, Afghanistan, Kyrgyzstan and Mongolia. It also discusses the roles and developments within the Commonwealth of Independent States and the Eurasian Economic Union. It is essential reading for anyone interested in,or
Russia’s Pivot To Asia New Publication – “2025 Guide To Central Asia” Read More »
2024 was marked by distinct changes in Russia’s foreign trade turnover, as sanctions and geopolitical instability forced the Russian economy to adapt to a new normal. Despite these challenges, exports grew by 0.5% to reach US$278 billion in value, while the focus of attention of Russian suppliers was Asia, Africa and the CIS countries. It
Russia’s Foreign Trade: 2024 Changes and 2025 Trends Read More »
Brazil has just become the new Chair of the BRICS group, taking over from Russia. The 2025 BRICS summit can be expected to be held in Rio de Janeiro, where the G20 also met just a few months ago, ensuring Brazil retains a global focus of key economic participants. Many in Brazil already regard the
The suspension of Russian banks from SWIFT, and sanctions resulting in Amex, Visa and Mastercard withdrawal from providing services in Russia have made it difficult for foreign visitors to access their own money while in Russia. It has also made it difficult to remit money to Russia for payment of goods or services, or for
How Foreigners Can Pay For Goods & Services In Russia Read More »
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