News

How Russia Is Repositioning Its Wine Industry To Boost BRICS and Domestic Production 

Agriculture, BRICS, Imports, Russian Market, Trade

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 […]

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BRICS

Indonesia Joins BRICS As A Full Member

BRICS, Economy, Eurasian Economic Union, Exports, Imports, Russia's Belt & Road, Trade

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

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Solyanka Port

Iran Imports From Russia Up As New Supply Chains Kick In

BRICS, Exports, Infrastructure, Logistics & Transport, Middle East, Trade

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

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Central Asia

Russia’s Pivot To Asia New Publication – “2025 Guide To Central Asia”  

Commonwealth of Independent States, Eurasian Economic Union, Exports, Imports, Trade

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

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marie time

Russia Joins Convention on International Organisation for Maritime Safety 

Infrastructure, Logistics & Transport, Regulatory

The Russian Government has submitted for ratification to the State Duma the Convention on the International Organization for Maritime Navigation Equipment (IALA). This gives Russia the opportunity to participate in the work of the organization as a member state. The convention is a treaty that establishes the International Organization for Marine Aids to Navigation as

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Russia’s Foreign Trade: 2024 Changes and 2025 Trends

BRICS, Economy, Exports, Imports, Russian Market, Trade

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

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Developing Russia’s Low Altitude Economy & Civilian Cargo Drones: Waiting For Lift Off

Economy, Investment, Russian Market

The global market for commercial drone delivery systems will grow by more than 40% annually in the near future, according to analysts, who consider air delivery systems to be part of a new low-altitude economy that includes air taxi, sightseeing and cargo transportation. By 2030, the volume of the low-altitude economy in China alone should

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How Foreigners Can Pay For Goods & Services In Russia

Finance, Foreign Investment, Imports, Infrastructure, Russian Market, Trade

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

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