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Russia’s Trade Turnover With Central Asia Reached US$44 billion In 2023

Eurasian Economic Union, Trade

Mikhail Galuzin, Russia’s Deputy Foreign Minister, has stated that the total volume of trade turnover with Central Asia in 2023 exceeded US$44 billion, representing 33% of all foreign trade of the Central Asian states. Meanwhile, the use of mutual currency settlements in this trade in national currencies of Russia with Kazakhstan, Kyrgyzstan and Tajikistan has […]

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Algeria Applies To Join The Shanghai Cooperation Organization

Africa, Shanghai Cooperation Organisation, Trade

Russian Foreign Minister Sergey Lavrov says Algeria will become a member of the Shanghai Cooperation Organisation (SCO) after obtaining dialogue partner and subsequent observer status, after Algiers applied to become a dialogue partner of the SCO on Tuesday (May 21). The SCO, which accounts for some 20% of global GDP, was founded in 2001 by

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Laos Applies To Join The Shanghai Cooperation Organization

Eurasian Economic Union, Shanghai Cooperation Organisation, Trade

Update – August 14: Sergei Shoigu, Russia’s Security Council Secretary has reaffirmed Russia’s readiness to continue development and interaction between the Security Council of the Russian Federation and the Public Security Ministry of Laos, in meetings with Chansamone Chanyalath, the National Defense Minister of Laos, in Moscow. Laos, a member of the southeast ASEAN bloc,

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Vietnam Dairy To Invest In Livestock Farming & Milk Production In Primorsky Krai

Eurasian Economic Union, Foreign Investment

Vietnam’s TH Group has begun construction of a livestock complex for a total population of 10,000 cows in the Yakovlevsky district of Primorsky Krai (Province) with commissioning scheduled for 2027, the Russian Far East and Arctic Development Corporation has reported. The project is being implemented by TH Rus Primorsky LLC, a resident of the Mikhailovsky

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Russia Looking To Revive South African Gas Refinery

BRICS, Energy, Trade

South Africa’s PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at South Africa’s gas-to-liquid (GTL) fuel plant in Mossel Bay in South Africa’s Western Cape. PetroSA spokeswoman Nonny Mashika-Dennison has said that all factors affecting the viability of restarting operations at the refinery were being considered as part of a comprehensive

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Russia, Vietnam, Launch Direct Rail Service Via China

Eurasian Economic Union, Logistics & Transport, Trade

FESCO, Russia’s largest transport company , and Vietnam’s Ratraco have signed a cooperation agreement that will introduce the launch of regular direct railway services between Russia and Vietnam through China. FESCO stated in a press release that “We signed a cooperation agreement in Hanoi with the Vietnamese logistics operator Ratraco, within the framework of which

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Russia China

Putin-Xi, May 2024 Russia-China Summit – Announced Deals

China, Economy, Finance, Infrastructure, Logistics & Transport, Trade

The Russian President, Vladimir Putin, visited Beijing and Harbin, China last week to meet Chinese President Xi Jinping and discuss multiple issues concerning trade and mutual development. In Harbin, Putin attended the China-Russia Expo. In this article, we summarise the meetings, and discuss the numerous announced deals and developments.     Overall Impact The overall impact

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