Latest updates, insights, and analysis.
Trade turnover between Azerbaijan and Russia rose 10.1% year-on-year to nearly US$4.8 billion in 2024, Azerbaijan’s State Customs Committee (SCC) has stated. This places Russia third among Azerbaijan’s foreign trade partners after Italy and Turkey. The volume of Azerbaijan’s exports to Russia decreased 1.5% year-on-year to US$1.178 billion. Exports to Russia accounted for 4.4% of […]
Farmers in Russia’s Altai Territory exported 2.26 million tonnes of plant-based products in 2024, to 45 countries. Shipments increased to China, Mongolia, Belarus, Afghanistan and Armenia, and began trade relations with Zimbabwe, Guinea, Bangladesh and the Central African Republic, the Altai branch of the Russian Grain Quality Assessment Center, part of the Federal Service for […]
The Russian President Vladimir Putin and Chinese President Xi Jinping spoke by video conference on Tuesday (January 21). Xi was invited to attend the Victory Day celebrations in Moscow on May 9, while Putin was invited to China’s events to commemorate the 80th anniversary of victory over Japan in Beijing on September 3. The talks […]
Saudi Arabia’s Economy and Planning Minister, Faisal bin Fadhil Al-Ibrahim, has said that Riyadh has not made the final decision to join BRICS and is still assessing its possible membership in the group, saying “The kingdom is always focusing on fostering more global dialogue.” He made the comments at the World Economic Forum in Davos, […]
Russia’ Fast Payment System (SBP), in which banks will accept money transfers by phone number is rapidly developing and has now expanded to include nine countries: Abkhazia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Laos, Moldova, Tajikistan and Uzbekistan. The number of foreign banks accepting money through the SBP by phone number is also growing, with 50 now […]
The Eurasian Economic Union (EAEU) member states have completed the procedures needed for the entry into effect of the free trade agreement with Iran, the Eurasian Economic Commission (EEC) has stated to Andrei Slepnev, the EEC’s Trade Minister. Slepnev himself stated that “Currently, the procedures necessary for the entry into force of the free trade […]
The Russian Agriculture Ministry has stated that Russia exported over 700,000 tonnes of meat and by-products in 2024, 27% more than in 2023. Russia exported 34% more pork products, 25% more poultry products and 22% more beef products, and has additionally achieved more than 100% self-sufficiency for meat and meat products, which not only guarantees […]
Russia and the United Arab Emirates have concluded the final round of negotiations on and initialled the draft of a new Double Taxation Agreement (DTA) on income and capital and to help prevent tax evasion. DTA provisions typically protect tax payers from being taxed twice for the same income, such as a Russian national working […]
The latest data from the General Administration of Customs of the People’s Republic of China states that over 2024, for the full year, China increased the volume of imported Russian oil by 1.3%. The volume reached 108.47 million tonnes, while the cost of purchasing the oil also increased by 2.8% to reach US$62.42 billion. Also […]
Syria’s Transitional Administration has announced a new decree banning the importation of goods from Russia as well as Iran and Israel. This decision comes after the Syrian government had also imposed restrictions on the entry of citizens from Iran and Israel. This ban will be enforced at all land and sea border points in the […]
Mongolia’s 2025 budget has run out of money to repair access roads to its largest border crossing with Russia. Eight road projects, including the repair of the highway from the largest automobile border crossing at Altanbulag on the border with Russia, were excluded from Mongolia’s budget for 2025. Altanbulag is the largest automobile checkpoint on […]
The Russian President, Vladimir Putin, has been discussing the development of a natural gas pipeline from Russia to Iran, stating that while the project will be implemented despite some difficulties, it will go ahead. Putin was speaking following talks with Iranian President Masoud Pezeshkian in Moscow on Friday (January 17). Putin said that “Speaking of […]
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