Trade

Russia’s Shadow Fleet Evades Sanctions While Western Maritime Shipping Faces Problems

Energy, Logistics & Transport, Trade

The 2022 price cap on oil sanctions that placed a limit of US$60 per barrel on Russian crude, are another example where ill-thought out economic policies matched with related geopolitical movements have instead created problems for the West’s own shipping supply chains. The oil cap sanctions, introduced in September 2022, were intended to limit the […]

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China, Saudi Arabia and Germany Are Top Users Of Russia’s E-Visa System

China, Economy, Logistics & Transport, Trade

Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia.  The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include

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Rosatom Building Nuclear Power and Solar Energy Plants in Burkina Faso and Mali

Africa, Energy, Investment, Trade

Russia’s energy development strategy continues in the Sahel region of Africa, where engineers from the Rosatom, the state nuclear energy company, are on a four-day visit to Burkina Faso to discuss building a Nuclear Power Plant (NPP) in the country. Burkina Faso, previously the French colony of Upper Volta, is one of the world’s least

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Overall Russian Container Turnover Grows 14% In H1 2024

Infrastructure, Logistics & Transport, Trade

The container turnover of Russian seaports in January-June 2024 amounted to 2.744 million TEU, 14% more than in the same period of 2023, according to the analytical review of Morcentre-TEK. In general, according to the Morcentre’s data, 987,500 TEU – an increase of 15.8% – were loaded for exports, with imports up 15.9% at 1.15

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Putin Invited To Mexico

Eurasian Economic Union, Trade

Russian President Vladimir Putin has been invited to Mexico to attend the inauguration of the new Mexican President, Claudia Sheinbaum, on October 1. The invitation is likely to be handed to another senior Russian official, possibly Russia’s Foreign Minister, Sergey Lavrov, to attend on Putin’s behalf, however it does showcase the growing discomfort of the

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Russia Iran

Russian Security Council Secretary Arrives In Iran For Talks

BRICS, Energy, Eurasian Economic Union, Shanghai Cooperation Organisation, Trade

BREAKING NEWS: Wednesday August 7Vladimir Putin has reportedly told Iran to avoid civilian casualties in any retaliatory attack on Israel for the assassination of the Hamas political leader Ismail Haniyeh.  Sergei Shoigu, Russia’s Security Council Secretary, has arrived in Iran for discussions with Iranian Supreme National Security Council Secretary Ali Ahmadian, and the Chief of

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Russia Wants To Develop Tanzanian Gas Sector & Indian Ocean Port Hubs  

Africa, BRICS, Infrastructure, Trade

Andrey Avetisyan, Russia’s Ambassador to Tanzania, has identified the country as having attractive potential as a trade hub to develop Russian trade with Africa and beyond. The countries east coast can bee easily connected with the existing North-South Transport Corridor, and lies on the Indian Ocean.     Avetisyan said that “Tanzania has access to the Indian

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Roscosmos

Roscosmos Looks To New Space Markets In The Global South

Infrastructure, Investment, Trade

Roscosmos, Russia’s space agency, has had the contracts it possessed with now unfriendly countries all terminated, according to First Deputy General Director Andrei Yelchaninov. The company, with multiple subsidiaries, had been involved with everything from building the International Space Station (ISS) main capsules, ferrying astronauts to the ISS, putting other countries satellites in orbit, monitoring

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Crypto Laws

Russia’s New Digital, Crypto, Cross Border Finance and Foreign Banking Laws: An Explainer

Economy, Finance, Trade

Russia just became the world’s largest crypto economy As we had predicted, Russia has adopted a law in the second and third readings that allows cross-border settlements and exchange trading in digital currency within the framework of experimental legal regimes (ELR) from September 1.  Russian lawmakers also legalized cryptocurrency mining in Russia. The Central Bank

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