Latest updates, insights, and analysis.
These may be small wins in the overall scheme of Russia’s exports, but its still a lot of crab. Russia exported 9,400 tonnes of crab worth US$177 million to South Korea in H1 2024, according to the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE). Although supplies decreased by 20% in physical terms and […]
The European markets loss of Russia as a consumer market is creating new wealth elsewhere, as illustrated by Russia importing 30,500 tonnes of fish and seafood from Turkiye in H1 2024, a 35% increase from the same period last year, according to the analytical center of the Russian Fish Union. Turkish exports to Russia increased […]
India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India […]
India’s Nuclear Power Corporation of India Limited (NPCIL), is considering forming a joint venture with Rosatom for manufacturing nuclear fuel in the country to boost its nuclear capability. Russia is already helping build the Kudankulam Nuclear Power Plant (NPP) in southern India, set to be the largest atomic power plant in the country. That NPP […]
Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of […]
Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently […]
Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system. […]
The volume of air freight transported overseas by Russian airlines in H1 2024 amounted to 63,400 tonnes, 3% more than in the same period of 2023, according to statistics from the Federal Air Transport Agency. To compare, in the first 6 months of 2022, which saw international air cargo at 196,000 tonnes meaning that slow […]
Update – August 14: A result of the Putin-Abbas meeting, Palestine has been invited attend October’s annual BRICS heads of state conference, which will be taking place in Kazan. Abbas stated that “A particular format will be organized and will be devoted exclusively to Palestine, so that all BRICS members and other guest attendees can […]
Russia’s natural resource trade with China exceeded US$65 billion in H1 2024, according to China’s Ministry of Customs, reaching record levels. Overall, Russian exports of natural resources to China increased by 4% over the same period last year, year-on-year, reaching a new high of US$65.2 billion between January and June of this year. Oil and […]
Russia has been supplying record volumes of fertilizers to Brazil, a fellow BRICS member, according to Brazilian customs data. Brazil is the world’s biggest importer of soil enhancers, with imports from Russia exceeding 1 million tons over the three consecutive months – May, June and July. Monthly shipments reached an average 1,140,000 tons, a growth […]
Several Western airlines are pulling out of routes servicing China as sanctions have forced Western carriers to incur greater operational costs by avoiding Russian airspace. British Airways, Virgin Atlantic and Quantas are just three who are giving up what were lucrative direct flights to Beijing and Shanghai. Other, BRICS and BRICS related airlines are now […]
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