Russia is to open a Consulate General in the Egyptian resort city of Sharm El-Sheikh, according to a decree signed by Russian Prime Minister Mikhail Mishustin and published on Tuesday. It will be the second Russian Consulate General in Egypt, along with the one located in another resort city, Hurghada, and the Russian Embassy in […]
Soven 1 Holding (UAE), the majority shareholder of Belarus’s Priorbank, plans to buy out the Belarus State Property Committee equity of 6.31% of the bank’s shares. The decision is of interest as it implies there is significant unrealized value in shares of businesses operating in sanctioned countries and that there are investors prepared to take
UAE Investors Plan to Purchase More Equity in Belarus’ Largest Bank Read More »
Russia has been holding security discussions in Moscow with multiple countries and has proposed that as Russia is now actively involved in the process of forming a new Eurasian security structure, several European countries should become part of any new Eurasian security system, according to Alexander Grushko, the Russian Deputy Foreign Minister. Russia believes that
Russia Proposes New Eurasian Security System That Includes Some EU Nations Read More »
The Russian President Vladimir Putin has met with Yemeni President Rashad Mohammad al-Alimi in Moscow. Al-Alimi is in Russia on an official visit. Putin said that “Relations between our countries were established long ago and have always been friendly. We established diplomatic relations in 1928. Our embassy in your country is reopening now. I would
The Russian Foreign Minister, Sergey Lavrov has met with Celso Luiz Nunes Amorim, the Special Advisor to the President of Brazil for Foreign Policy, in Moscow. Lavrov and Amorim exchanged views on the current international situation and global problems. They also emphasised the mutual intention to further deepen coordination of Moscow’s and Brasilia’s efforts in
Russia’s Sberbank is developing structured bonds whose yields will be tied to cryptocurrency price movements, according to Sberbank Executive Board Deputy Chairman Anatoly Popov. He said that “In the near future, we will present investors with a product that provides convenient and secure exposure to cryptocurrency assets – without direct ownership of cryptocurrencies, while fully
Russia’s EkoNiva Group, the largest raw milk producer in the country, has opened its first retail store in China. It was opened in Xi’an, Shaanxi Province, which is home to the group’s trader EkoNiva (Xi’an) Dairy Co. Xi’an is also home to the world-famous terracotta warriors. The EkoNiva store offers customers ultra-pasteurized milk and coffee
In June, the Russian State Duma will consider a bill prohibiting the buy-back of shares to foreign companies in the second and third readings. The document has already been approved by the Russian Ministry of Finance. The bill describes in which cases foreigners will be refused the ability to buy back their once-owned assets, with
Foreign Business Asset Buy-Back Laws Considered By State Duma Read More »
Countries that Russia sees as friendly accounted for 90% of its agricultural exports in 2024, according to Russia’s Agriculture Minister Oksana Lut. The data means that Russia has completely absorbed the impact of sanctions in its agricultural sector. Lut stated that “In the current geopolitical conditions, we’re continuing to reorient our exports to friendly countries.
Russian Agricultural Exports to Unfriendly Countries Reduced to 10% of Annual Production Read More »
Nearly 2,000 flights have been made between Russia and China as of April 2025, up 57% year-on-year, according to Wang Riu of the China National Tourist Office in Moscow. She said, “The number of flights between China and Russia is growing, with flights between Russian and Chinese cities reaching 1,903 in April 2025. This is
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