News

Russian Wine Maker Abrau-Durso To Produce Tonic Beverages In India

Abrau-Durso, Russia’s leading producer of sparkling wines, has begun producing sparkling beverages in India. Boris Titov, Abrau-Durso’s principal owner has said the initial trial batch will total 10,000 bottles. Unlike the companies usual, champagne style products, the new India production will be a low alcohol sparkling beverage aimed at the youth market and available in […]

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Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade

Economy, Finance, Trade

Two crypto exchanges are expected to be launched in Russia, one in Moscow and the other in St. Petersburg, with the aim of assisting foreign trade payments. While the operating mechanics are not yet specifically in place, Russian lawyers feel they will most likely be created in an experimental legal mode. To begin with, usage

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Moscow Hosting BRICS International Municipal Forum

Africa, BRICS, China, Energy, India, Infrastructure, Investment

Moscow is hosting the BRICS International Municipal Forum (IMBRICS) from August 27/28, an event that is bringing together city mayors and related municipal officials from 126 countries, 89 Russian regions and 500 cities to discuss and share information on municipal and urban planning. The Government of Moscow is acting as the General Partner of the IMBRICS

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Russian Beer, Wine Consumption Up, Vodka, Tobacco Down

BRICS, China, India, Trade

Russian consumer habits are changing, of note to the friendly countries that Russia continues to trade with. In terms of the adult consumer sector, beer accounted just over 50% of Russia’s total alcohol sales since the start of 2024. Beer is now the most popular alcoholic beverage among Russians, accounting for 51% of total alcohol

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South Africa To Export More Wines To Russia

Africa, BRICS, Trade

South Africa is working with partners to increase exports of wine and fruits to new markets in Russia, according to Pretoria’s embassy in Moscow. The move is part of the African nation’s efforts to expand its market reach beyond Moscow and St. Petersburg, which are its current traditional trade destinations, Cecile Theresa Heppes, an adviser

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St. Petersburg Port To Focus On Latin American & East African Trade

Africa, BRICS, Logistics & Transport, Trade

The Port of St. Petersburg is expanding export support measures and is looking to develop subsidised container shipments to Brazil, Venezuela, Tanzania and Cuba, according to Kirill Soloveitchik, the city chairman of the Committee on Industrial Policy, Innovation and Trade. It is planned that at the first stage, shipments will mainly be carried out in

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Belarus and China to Sign Technology Investment and Services Free Trade Agreement

China, Finance, Logistics & Transport, Trade

Belarus and China are to sign a Free Trade Agreement covering services and investment, Belarusian President Alexander Lukashenko said at a meeting with Chinese Premier Li Qiang in Minsk on Thursday (August 22). Lukashenko said that “Our two parties will sign documents formalizing plans for their future partnership in key areas. One of them is

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China Suppliers Sending Russian Market Goods Via Third Party Countries

China, Finance, Logistics & Transport, Trade

Some Chinese supplies to Russia are switching to third-party, rather than direct routes for sending goods to Russia due to difficulties with sanctions and logistics. Western governments have issued ‘stop’ notices on numerous products to Russia, including electronic and so-called ‘dual-use’ items, which if ignored can result in sanctions being imposed on Chinese suppliers themselves

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Russia’s Great African Expedition Sets Off To Explore Africa’s Continental Coastal Fisheries

Africa, Logistics & Transport, Trade

Russia’s Federal Agency for Fisheries (Rosrybolovstvo) has launched a major research initiative aimed at studying marine biology resources along the coast of 18 African countries in the Indian and Atlantic Oceans. A ceremony to launch the expedition took place on Wednesday (August 22) at the marine fishing port in Kaliningrad, Russia, and was attended Russian

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Russia’s Trade With BRICS Countries Increases 6% In 5M 2024

BRICS, Economy, Infrastructure, Investment

The BRICS Partnership for a New Industrial Revolution is Underway Anton Alikhanov, Russia’s Trade & Industry Minister, has been attending the 8th meeting of the BRICS Industrial Ministers in Nizhny Novgorod, and has said that during the first five months of 2024, Russia’s trade turnover with the complete BRICS membership increased by 6.3%. This includes

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