Latest updates, insights, and analysis.
Kinet Railway Solutions, a company formed by Transmashholding, Russia’s largest locomotive and rail equipment manufacturer, and the Indian government-owned Rail Vikas Nigam Limited (RVNL), have announced that they have won a US$6.5 billion Indian government contract to manufacture 120 electric trains for Indian Railways at Kinet’s production facility in Latur, Maharashtra. The company won the […]
Alfa Bank is to open an office in India, the Russian lender’s deputy CEO, Pavel Vysotsky as said. “We see that it is necessary to open a large network of Russian banks and representative offices in India and expand the existing presence there. Alfa Bank is no exception in this regard, and we have such […]
The Russian President, Vladimir Putin, gave a plenary speech at the Eastern Economic Forum (EEF) on Thursday (September 5) in which he outlined Russia’s plans for regional Asian development and other issues related to security, trade and investment. The speech was one of Putin’s longer talks, lasting close to 45 minutes. Attendees included the Malaysian […]
Han Zheng, China’s Vice President, has been attending the Eastern Economic Forum in Vladivostok, and gave a speech at the event. China is Russia’s largest trade partner and shares a significant border with the Russian Far East. This is what he had to say: “Forum participants, ladies and gentlemen, friends. I am happy to be […]
The Malaysian Prime Minister, Anwar Ibrahim, has been attending the Eastern Economic Forum in Vladivostok, and delivered a Keynote speech at the event. Malaysia is poised to be the new ASEAN Chair for 2025, and, Ibrahim said, remains committed to reinforcing the bloc’s centrality while exploring synergies with regional and key dialogue partners. ASEAN includes […]
Russia’s Far East is rapidly emerging as a global maritime logistics hub, and investors and operators from China and India should not miss out on the opportunity to take part in upcoming projects there, Valery Limarenko, the Governor of Russia’s Sakhalin Region, has stated at the Eastern Economic Forum in Vladivostok. The upcoming deep-sea port […]
October 25 Update: Algeria has now been granted ‘BRICS Partner’ status. See more here. Algeria has been granted membership in the BRICS New Development Bank (NDB), the bank president, Dilma Rousseff, and Algeria’s Finance Ministry have announced. The decision was made on Saturday (August 31) at the ninth annual meeting of the Board of Governors […]
October 25 Update: Turkiye has now been granted ‘BRICS Partner’ status. See more here. As we suggested would happen earlier in June here Turkiye has made an official application to join the BRICS grouping. A rift with NATO over Ukraine are one reason for Ankara’s reported bid to join the group, which is due to […]
Talks are also underway about building a small nuclear power plant and new Kharkhorum city During Russian President’s Vladimir Putin’s visit to Mongolia, the two countries have agreed on a project to modernize the No. 3 Combined Heat and Power Plant in Ulaanbaatar. An intergovernmental agreement was signed on front end engineering design for Ulaanbaatar […]
The 9th annual Eastern Economic Forum (EEF) opened on Tuesday (September 3) in Vladivostok. The EEF is Russia’s largest development and investment platform for Asia and is targeted at developing the economy of the Russian Far East and expanding international cooperation in the Asia-Pacific region. This year’s primary showcase guest is Vietnam, while around 6,000 […]
Chinese car manufacturers Chery has become the largest foreign company in Russia by revenue in 2023, according to Forbes magazine. Chery is the first ever Chinese company to claim the top spot in the Forbes ranking. The brand increased its sales in Russia by 300% year-on-year to over ₽590 billion (US$6.65 billion). According to the […]
Iranian and Russian automobile and parts manufacturers met at the MIMS Automobility Moscow 2024 last week to discuss ways to strengthen cooperation, as bilateral trade and supply of Iranian auto parts has increased by 450% since the county signed a Free Trade Agreement with the Eurasian Economic Union and joined BRICS. The Iranian delegation, led […]
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