News - RUSSIA'S PIVOT TO ASIA

March 31, 2026

Russia Not To Supply Any Oil To Countries Imposing Price Caps

The Russian Deputy Foreign Minister Andrey Rudenko has stated that Russia will not export oil to any countries imposing a price cap. This affects all the G7 nations including the European Union, who have imposed price caps at US$45 a barrel for Russian fuel oil. However, volatility created by the conflict in Iran has seen prices fluctuate between US$75 to above US$100 a barrel while Russia has shifted its energy export priorities to markets in Asia. JP Morgan analysts suggest the price could reach US$150 a barrel if the Strait of Hormuz is not reopened soon.

March 31, 2026

Russia Agrees Extension Of LNG Supplies To Serbia

Russia has agreed to extend a gas supply contract with Serbia ‘on favourable terms’ following conversations between the Russian and Serbian Presidents. The existing contract was due to expire on March 31. Alternative energy supplies to Serbia have significantly dropped since the Iran conflict began, however Belgrade has a good relationship with Moscow meaning it can mitigate against these problems.

March 30, 2026

New Multi-Modal Supply Chain Development: Russian Expertise In Saudi Arabia

Russian logistics operators and shipping companies have found themselves in demand in Saudi Arabia due to their expertise in developing new supply chain routes in the wake of sanctions and handling regional conflicts. With the Strait of Hormuz remaining closed for Saudi exports, Russian and Saudi logistics professionals have been working the problem and coming up with creative solutions. It is a trend likely to impact future supply chains in the Middle East, Eurasia, Southeast Asia and Africa.

March 30, 2026

Russia’s Rail Transport Volumes With Shanghai Cooperation Organisation Countries Increases

Russian rail connectivity and freight volumes with the Shanghai Cooperation Organisation countries has been increasing and is set to continue this trend. We examine the rail development plans of each of the major national carriers as it becomes apparent that overland supply chains must improve in the wake of regional maritime uncertainties and conflicts.

March 30, 2026

Russia Sends Humanitarian Medical Supplies To Iran

The Russian Ministry of Emergency Situations has sent a train consisting of 31 wagons with humanitarian aid for Iran comprising over 300 tonnes of medicines and medical supplies. Thus far, over 1,407 Iranian civilians, and over 210 children have been killed in US and Israeli airstrikes on the country.

March 29, 2026

Kazakhstan and Russia To Reinforce China Freight Rail Links

Kazakhstan and Russia are making significant efforts to boost Eurasian continental rail connectivity with China, in moves that will further secure supply chains in the wake of current maritime shipping problems. We examine the trends and the longer term impacts.

March 28, 2026

India To Buy US$25 Billion Of Russian Defence Equipment

India has placed a US$25 billion defence sector order with Russia for various military equipment including S‑400 air defence missile systems, various types of aircraft, and artillery systems, as part of a rapid military modernization drive. India is the world’s fifth‑largest military spender.

March 28, 2026

Russia Discusses Energy Cooperation With Sri Lanka

Russia is discussing energy supplies with Sri Lanka, as the country looks to diversify away from an over-reliance on Middle Eastern import supply chains, to alternative suppliers and developing its renewables sector. Sri Lanka has introduced restrictions on energy use in recent weeks due to problems with imports due from Iran.

March 28, 2026

Russia’s Novatek To Supply LNG To Vietnam

Russia’s Novatek is to supply LNG to Vietnam with initial deliveries of 1 million tonnes. The two sides are also looking at collaborating in numerous other energy fields as Asian supply chains add alternatives to relying wholly on Middle East resources.

March 28, 2026

Russia’s WB Taxi Launches Services In Kyrgyzstan

Russia’s Wildberries & Russ has established a WB Taxi pilot taxi hailing service in Kyrgyzstan as the company both enters the domestic market and tests for a later launch in Russia. WB Taxi users have access to the Standard, Comfort, and Multi fares, 24/7 voice support, and chat functionality. There is also a loyalty programme.

March 28, 2026

Russia’s Ozon Opens In Turkmenistan

Russia’s Ozon online marketplace has entered Turkmenistan and has partnered with the national postal service to arrange deliveries. Ozon is one of Russia’s largest and pioneering e-commerce companies, often referred to as the “Amazon of Russia”, offering millions of products across multiple categories and sustaining a wide logistics and delivery network. It has had significant growth in Central Asia in recent years.

March 27, 2026

Russia-Kazakh Trade Turnover At US$30 Billion, Ahead Of Schedule

The Russian Prime Minister Mikhail Mishustin has met with Kazakh President Kassym-Jomart Tokayev in Shymkent to attend a Eurasian Economic Union Intergovernmental Commission. Russia-Kazakh bilateral trade has reached nearly US$30 billion, ahead of schedule, while Russian investment in Kazakhstan has reached US$50 billion. The two countries collaborate in energy, agricultural and numerous engineering sectors.

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