News

Russia, Sudan To Sign Multiple Oil Exploration Deals

Africa, Energy, Investment, Middle East, Security

Russian oil companies have finalized numerous oil exploration agreements with Sudan, including industrial and commercial deals. “There are 22 separate (oil) fields in Sudan, more than 70% of which are located in safe areas, in the north, in the east, in Khartoum and north of it. Most are in safe areas, and Russian companies, anmely […]

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Russia Wants To Upgrade Port Sudan Base

Africa, BRICS, Energy, Middle East, Security

Russia is set to further develop and expand the small but already growing role of Port Sudan in Russia’s Red Sea logistics network and strategic objectives. Egypt, Ethiopia and Iran are full BRICS members and utilise the Suez Canal, while Algeria and other Russian allies are also dependent upon the Red Sea region. Sudan however

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Russia Relocating Syrian Military Assets To Libya

Africa, Energy, Middle East, Security

Russia will likely turn to Libya to mitigate its reliance on or replace its Syrian bases for its military logistics and objectives to project power into the Mediterranean, according to the US based Institute for the Study of War (ISW). Libya is the only country with a Russian military presence in Africa that Russian cargo

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Russia’s Likely Legal Response To The EU Sending Interest On Russia’s Frozen Capital To Ukraine

Economy, Finance, Security

Last week, the United States and European Union allowed the sending of interest earned from Russia’s frozen capital in the EU to Ukraine. This was intended to help Ukraine pay off a loan of US$20 billion it has secured from the West, and is an issue we discussed in some detail here. Both US

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Russia’s Sovereign Wealth Fund Invests In A BRICS+AI Alliance

BRICS, Infrastructure, Investment, Russian Market, Trade

Russia’s State-Owned Direct Investment Fund (RDIF) has announced the launch of a strategic alliance within the BRICS to jointly develop Artificial Intelligence (AI), according to Kirill Dmitriev, the RDIF chief executive. RDIF’s government mandate is to make investments in high-growth sectors of the Russian economy, as well as co-invest alongside the world’s largest institutional investors,

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Russia’s Baltika Beer To Open A Trading House In Shanghai

China, Exports, Investment, Trade

Russia’s Baltika beer brand, which was sold to its Russian management team for US$320 million in December last year following Carlsberg’s exit from the Russian consumer market, have launched 11 new online stores on popular internet platforms in China, and plans to open a trading house in Shanghai by the end of 2024. Baltika Brewery

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Russia, India Agree Massive Ten Year Oil Refining Contract

Energy, Exports, India, Trade

Russia’s state energy giant Rosneft has agreed to supply up to 500,000 barrels a day of various crude oil grades, under a ten year contract, to Indian private refiner Reliance. Worth roughly US$13 billion a year at current prices, the energy deal is the biggest-ever between Moscow and New Delhi. Under the decade -long agreement,

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Russia Ships Fertilizer Aid To Sri Lanka

Agriculture, Asia, Exports, Logistics & Transport

Russia’s Uralchem Group has delivered a humanitarian shipment of 55,000 tonnes of fertiliser to Sri Lanka. The shipment arrived in Colombo on December 12, and has been handed to the Sri Lankan government for distribution to its agricultural sector. The country has faced agricultural shortages since a previous administration inexplicitly banned the importation of fertilizer

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Russia’s 2024 Wheat Exports To Africa Up 35%

Africa, Agriculture, BRICS, Exports, Trade

Russia has increased its exports of wheat to Africa by 35% in 10M this year, reaching over 21 million tonnes, according to the Russian Agriculture Ministry’s Agroexport center. Egypt, Algeria, and Kenya were the main importers of Russian wheat in Africa, but supplies also increased 6-fold to Morocco, and by 3.7 times to Nigeria. Of

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Russia Launches Shipping Service Between Novorossiysk and Mombasa

Africa, Agriculture, Exports, Imports, Trade

Russia’s FESCO Transportation Group has established a marine container service between Novorossiysk and the Kenyan port of Mombasa on the East African coast. The first consignment of FESCO containers is already being loaded in Mombasa to ship Kenyan tea to Russia. The overall transit time between Mombasa and Novorossiysk is around 43 days. The bulk

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