Latest updates, insights, and analysis.
The Council of the Eurasian Economic Commission has approved a concept for improving the interaction of intelligent transport systems of the Eurasian Economic Union (EAEU). The EAEU includes Russia, as well as Armenia, Belarus, Kazakhstan and Kyrgyzstan. It has free trade agreements with China, Serbia, Iran, and Vietnam and is negotiating numerous others, including with […]
According to the Russian Union of Travel Industry press service, “Tourism to Vietnam increased by 85% in 2024; tour operators included this destination in the top 10 this winter. But a return to the pre-pandemic (2019) figures is hampered by the limited number of direct flights: flights from Moscow are only to Ho Chi Minh, […]
Russia is still actively in the process of refocusing its exports to the East and Global South.Trade with China and India has largely stabilized and the pace of its growth will slow, while new markets need to be developed, primarily exports to ASEAN countries, Russian Deputy Economic Development Minister Vladimir Ilyichev said recently in an […]
The Eurasian Economic Union (EAEU) may launch negotiations on a free trade agreement (FTA) with India in 2025. Deputy Economic Development Minister Vladimir Ilichev said that “this discussion has been ongoing for a long time. Moreover, on our side, at the EAEU level, all necessary decisions to begin negotiations have already been made. By the […]
Russia’s Rostselmash plans to expand exports to Iran and more African countries in 2025. Rostselmash is one of the largest global designers and makers of purpose-designed machines. The company has its own research and technology center, experimental facilities, modern production sites with complete manufacturing cycles. In the words of Konstantin Babkin, co-owner of Rostselmash “We […]
India has permitted the Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to the Indian ship regulator’s website, as New Delhi desires a reliable and steady supply of Russian oil in spite of the latest escalation of U.S. sanctions. Taking matters a step further, India has extended the […]
The Russian Ministry of Foreign Affairs said it has notified Tokyo of the termination of memoranda between the two countries that set up Japanese centers in Russia. The Japan Centers in Russia were six Japanese government-supported institutions designed to transfer Japanese experience and new technologies to Russian entrepreneurs, as well as to train personnel who […]
An emerging downside of the United States and European Union imposition of sanctions upon Russia is that the bilateral trade volumes between them have deteriorated so much that threats of tariffs to reduce bilateral trade with Moscow have become degraded. With US-Russia bilateral trade for 2024 reaching US$3.7 billion, Russia now trades 25% more than […]
Russian President Vladimir Putin has been holding talks with Egyptian president Abdel Fattah el-Sisi, to discuss the Israel-Hamas truce, Syria, and collaborations such as the El Dabaa Nuclear Power Plant joint venture. The two leaders talked about the Palestinian-Israeli conflict, particularly in light of the recent agreement reached between Israel and Hamas, which includes a […]
Chelyabinsk Electric Equipment Plant LLC (CEEP), a major manufacturer of electrical switchgear equipment in the Urals, is discussing the possibility of setting up assembly production in South Africa, the company has stated. Like Russia, South Africa is a member of BRICS. CEEP’s statement reads “From January 15 to 17, a delegation from CEEP led by […]
The Kyrgyzstan Foreign Minister, Jeenbek Kulubayev, has been in Moscow holding talks with Russian Foreign Minister Sergei Lavrov, to discuss bilateral trade. Kulubayev, quoting Kyrgyz statistical data, aid that Kyrgyz-Russian trade grew 16.6% to US$3.2 billion in 2024, stating that “The indicators can be increased further. Our ministries and agencies should start active work in […]
Air China, the country’s largest airline, is to begin operating direct flights between Beijing and Vladivostok from March 30, with the route scheduled to operate three times a week using Boeing-737 aircraft. This will eventually increase to three times daily. Vladivostok airport served 2.971 million passengers in 2024, an increase of 17% year-on-year. Vladivostok is […]
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