News

Latest updates, insights, and analysis.

December 17, 2024

Direct Sharjah – Sochi Flights To Start From June 2025

Air Arabia plans to launch direct flights on the Sharjah, of the United Arab Emirates, to Sochi on  Russia’s Black Sea Coast route starting from June 27, 2025, according to Sochi Airport. Flights will operate three times per week on Mondays, Wednesdays, and Fridays on narrow-body Airbus A320 aircraft, with travel time just under four […]

December 17, 2024

Russia – Tajikistan Bilateral Trade Up 18.4% In 9M 2024

The Russian Ambassador to Tajikistan, Semyon Grigoriev, has said that the bilateral trade turnover between Russia and Tajikistan rose 18.4% year-on-year to around US$1.4 billion between January to September 2024. This implies an annual total turnover of about US$1.87 billion for the full year. Grigoriev said during an interview with Tajikistan’s National Information Agency that […]

December 17, 2024

Russia’s Promsvyazbank Developing US Dollar ATM Network In Nicaragua

Russia’s Promsvyazbank (PSB) has begun developing a Russian payment infrastructure in Nicaragua and will develop an ATM network in the country, the bank has stated. PSB has installed its first ATM in the Nicaraguan capital, Managua, at a branch of Credicoop R.L. bank. It provides customers with access to cash operations in the national currency, […]

December 17, 2024

Syria Can Still Be Considered For BRICS If New Government Confirms Interest

The BRICS will review Syria’s existing membership application if the new Syrian authorities endorse it, according to Sergey Ryabkov, Russian Deputy Foreign Minister and Russia’s Sherpa in the BRIC. Russia currently holds the BRICS Presidency. Ryabkov said that “We consider applications of all countries very seriously, and Syria is no exception. But we do not […]

December 17, 2024

Russia, Sudan To Sign Multiple Oil Exploration Deals 

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 […]

December 16, 2024

Russia Wants To Upgrade Port Sudan Base

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 […]

December 16, 2024

Russia Relocating Syrian Military Assets To Libya

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 […]

December 14, 2024

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

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, […]

December 14, 2024

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

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 […]

December 14, 2024

Russia, India Agree Massive Ten Year Oil Refining Contract

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, […]

December 14, 2024

Russia Ships Fertilizer Aid To Sri Lanka 

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 […]

1 111 112 113 114 115 165