Russia's Pivot To Asia: Issue 84

There has been a globally diverse range of Russian trade, investment and infrastructure development events occurring this past week. With China, Moscow’s Ministry of Finance is looking to issue Yuan Bonds, while significant Chinese investment is taking place in Russia’s Far East Ports and logistics infrastructure. Bilateral trade is up nearly 15% in Q1 this year, while the two sides have also just signed off a tax agreement. In ASEAN, important energy agreements have been signed with Myanmar that could become regionally transformative, while India is extending Russia’s maritime insurance reach, mainly in response to supply chain problems with Iran. Tellingly, these extensions last well into 2027, suggesting disruptions will continue for some time. In Africa, trade and energy investment deals have been signed off with Algeria, Egypt, Congo and Rwanda. We also examine the global impact of other commodity shortages now beginning to manifest themselves as a result of the problems continuing to unfold in the Middle East – useful intelligence to plan ahead. It is going to be a long hot summer.
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