Latest updates, insights, and analysis.
The 2022 price cap on oil sanctions that placed a limit of US$60 per barrel on Russian crude, are another example where ill-thought out economic policies matched with related geopolitical movements have instead created problems for the West’s own shipping supply chains. The oil cap sanctions, introduced in September 2022, were intended to limit the […]
Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia. The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include […]
Russia’s energy development strategy continues in the Sahel region of Africa, where engineers from the Rosatom, the state nuclear energy company, are on a four-day visit to Burkina Faso to discuss building a Nuclear Power Plant (NPP) in the country. Burkina Faso, previously the French colony of Upper Volta, is one of the world’s least […]
Buyers in the Middle East, North Africa (MENA) region now dominate Russia’s grain exports, with Saudi Arabia the biggest buyer of Russian grain in July, the first month of the new agricultural season, according to the Russian Grain Exporters Union. Russia has become the dominant global exporter of wheat in recent years. Egypt was second, […]
The container turnover of Russian seaports in January-June 2024 amounted to 2.744 million TEU, 14% more than in the same period of 2023, according to the analytical review of Morcentre-TEK. In general, according to the Morcentre’s data, 987,500 TEU – an increase of 15.8% – were loaded for exports, with imports up 15.9% at 1.15 […]
Russian President Vladimir Putin has been invited to Mexico to attend the inauguration of the new Mexican President, Claudia Sheinbaum, on October 1. The invitation is likely to be handed to another senior Russian official, possibly Russia’s Foreign Minister, Sergey Lavrov, to attend on Putin’s behalf, however it does showcase the growing discomfort of the […]
BREAKING NEWS: Wednesday August 7Vladimir Putin has reportedly told Iran to avoid civilian casualties in any retaliatory attack on Israel for the assassination of the Hamas political leader Ismail Haniyeh. Sergei Shoigu, Russia’s Security Council Secretary, has arrived in Iran for discussions with Iranian Supreme National Security Council Secretary Ali Ahmadian, and the Chief of […]
Andrey Avetisyan, Russia’s Ambassador to Tanzania, has identified the country as having attractive potential as a trade hub to develop Russian trade with Africa and beyond. The countries east coast can bee easily connected with the existing North-South Transport Corridor, and lies on the Indian Ocean. Avetisyan said that “Tanzania has access to the Indian […]
Roscosmos, Russia’s space agency, has had the contracts it possessed with now unfriendly countries all terminated, according to First Deputy General Director Andrei Yelchaninov. The company, with multiple subsidiaries, had been involved with everything from building the International Space Station (ISS) main capsules, ferrying astronauts to the ISS, putting other countries satellites in orbit, monitoring […]
Russia just became the world’s largest crypto economy As we had predicted, Russia has adopted a law in the second and third readings that allows cross-border settlements and exchange trading in digital currency within the framework of experimental legal regimes (ELR) from September 1. Russian lawmakers also legalized cryptocurrency mining in Russia. The Central Bank […]
Venezuela could transfer the development rights to its vast oil and gas fields that are currently operated by American energy companies to entities from BRICS nations, President Nicolas Maduro said on Friday. Maduro is currently facing pressure from Washington following contested elections, with Washington recognising his opponent as the legitimate President. Venezuela is also a […]
The Indian government has approved a proposal for building a large deep water port on its western coast to connect it with major global trade networks and handle trade with Russia, New Delhi has announced. The port, to be built at Vadhavan in the Maharashtra state, would aid trade flow through the International North-South Transportation […]
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