News

Why Europe Isn’t Keen On Sending Money Derived From Frozen Russian Assets To Ukraine

Economy, Finance

An on-going debate has been raging in the West about using frozen Russian capital – about US$282 billion, mostly belonging to the Bank of Russia – to generate funds to give to Ukraine. Of this money, about US$6 billion is held in the United States, with the vast majority being held in Europe. Opinions on […]

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Hambantota Airport

Sri Lanka’s Hambantota Airport To Be Jointly India-Russia Managed

BRICS, Foreign Investment, Infrastructure, Trade

The Sri Lankan authorities have decided to transfer the management of the southern Mattal Rajapaksa International Airport (MRIA) in Hambantota to the Russian airport management company AR Regional Airports and India’s Shauraya Aeronautics. MRIA is one of three international airports in Sri Lanka and was built to offset pressure at the main airport in the

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The Proposed Eurasian Economic Union – India Free Trade Agreement: Updates & Opinion

BRICS, Eurasian Economic Union, Trade

India and the Eurasian Economic Union (EAEU) have been holding discussions concerning a proposed free trade agreement for some time now. With the EAEU including Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, the concept holds considerable promise for India as it looks to secure new markets – Kazakhstan is a target, as is Russia, without having

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train

Trans-Caspian International Transport Route Bottlenecks Discussed 

Infrastructure, Logistics & Transport

The World Bank has identified ten critical actions to address the most pressing short-term bottlenecks across the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, according to a brief published on the bank’s official website. The solutions are based on a tripling of trade volumes through the Middle Corridor by 2030. With

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Russia – Indian Ocean Multimodal Corridors Being Developed

Eurasian Economic Union, Infrastructure, Logistics & Transport

The first meeting on the development of the international Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan multimodal transport corridor with access to Indian Ocean Seaports has been held in Termez, Uzbekistan, and was attended by officials from respective national transport departments, freight forwarding companies and businesses. They discussed the possibilities of increasing the volume of international cargo transportation along land corridors,

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Mangolia

Russia and Mongolia To Increase Border Crossing Capacity By 300%

Eurasian Economic Union, Infrastructure, Trade

Ulaanbaatar plans to increase the capacity of checkpoints with Russia by at least 3 times, with the Mondy automobile checkpoint at the Russian Republic of Buryatia and the border with Mongolia being modernised. The border crossing will have nine lanes instead of today’s one. The capacity will be slightly less than 600 vehicles per day.

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Eurasian Economic Union, China Meet To Discuss Trade and Economic Cooperation

China, Trade

On April 19, in Beijing, Andrei Slepnev, joint chair of the Minister of Trade of the Eurasian Economic Commission and Li Fei, China’s Vice Minister of Commerce held discussions of the Joint Commission on the implementation of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the PRC. China has a

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