News

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1

Economy, Finance, Infrastructure, Russian Market, Trade

A total of 22 Russian banks have now signed agreements with the Russian Central Bank and are configuring their systems to participate in national Digital Ruble project, which is scheduled for mass-roll out by July 1st. They join Sberbank, T-Bank, Tochka Bank and twelve others that are already in the program for conducting transactions with […]

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Russia’s T-Bank To Open Branches In Xi’an and Shanghai

China, Finance, Trade

Russia’s T-Bank (formally Tinkoff Bank) has revealed plans to establish branches in Shanghai and Xi’an. Currently, only Russia’s VTB branch operates in China, while Sberbank and Alfa Bank have announced plans to enter the Chinese market, but their opening has not yet been announced. However, the Chinese market is in demand, especially for providing services

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Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating

Asia, China, Imports, Russian Market, Trade

The Russian Union of Travel Industry (RUTI) has said that up to 2.5 million foreigners visited Russia for tourist and business purposes in 2024, 95% more than in 2023. The RUTI stated that “The number of foreign tourist arrivals in Russia may reach 1.8 million, in addition to about 0.7 million business trips in 2024.

Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating Read More »

Russia – Iran Comprehensive Strategic Partnership Agreement To Be Signed January 17

BRICS, Exports, Imports, Middle East, Security, Trade

A comprehensive strategic partnership agreement between Russia and Iran will be signed during a meeting of both countries’ presidents in Moscow on January 17, 2025, the Iranian Ambassador to Russia, Kazem Jalali has stated. The Iranian Embassy in Moscow released a statement saying “Speaking about the readiness of Iran and Russia to sign a Comprehensive

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Sberbank Launches QR Code Payment System Across 50,000 Outlets In Tajikistan

Finance, Infrastructure, Investment, Russia's Belt & Road, Trade

Sberbank has launched a QR code payment service for Russian nationals in, or visiting Tajikistan, the bank has stated. The roll-out is financially important as it uses QR technology for payment of goods and services, as opposed to bank operated wireless modems. The full functionality of the service will become widely available in 2025. Making

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Russia 2024 Northern Sea Route Shipping Up 3%

China, Exports, Infrastructure, Logistics & Transport, Trade

Russia’s Rosatom state nuclear energy corporation has forecast that the cargo flow along the Northern Sea Route (NSR) reached 37.9 million tonnes in 2024. The data was revealed by Vladimir Panov, Rosatom’s special representative for Arctic development. Rosatom is responsible for the operation of Russia’s nuclear ice-breaker fleet, which supports transiting container vessels. Panov said

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New Russia’s Pivot To Asia “2025 Guide to the Caucasus” Out Now

Commonwealth of Independent States, Eurasian Economic Union, Exports, Imports, Logistics & Transport, Trade

Russia’s Pivot To Asia has released a new publication, titled “A 2025 Guide to the Caucasus”. It is available for complimentary download from the RPA website and can be accessed here. The Guide gives a unique and complete overview of the Caucasian region and details Russian trade, investment and interests with the following countries and

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Putin: 2024 Russia – Commonwealth of Independent States Trade Up 10.6%

Commonwealth of Independent States, Exports, Imports, Trade

The Russian President, Vladimir Putin, convened an informal group meeting of the Commonwealth of Independent States (CIS) member states in St. Petersburg on December 25th. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, with Turkmenistan an observer state. The CIS differs from the Eurasian Economic Union in that it is not

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New Russia – Kazakhstan – China Gas Pipeline Agreed

China, Commonwealth of Independent States, Energy, Exports, Infrastructure, Trade

Russia has begun developing a new gas pipeline to China via Kazakhstan that will have a planned annual capacity of 45 billion cubic meters (bcm), according to Russian Deputy Prime Minister Aleksandr Novak. In a model that will be of interest to Mongolia, China will receive 35 bcm of gas per year via the conduit,

New Russia – Kazakhstan – China Gas Pipeline Agreed Read More »

Russian Food Exports To India Increase Over 100% in 2024

Agriculture, BRICS, Exports, India, Trade

Food exports from Russia to India increased by over 100% during the first 11 months of 2024, according to from the Russian Agroexport federal agency. The top five agricultural products exported to India were sunflower oil, peas, soybean oil, dried chickpeas, and oats. The value was estimated at being worth over US$2.3 billion – more

Russian Food Exports To India Increase Over 100% in 2024 Read More »

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