Latest updates, insights, and analysis.
Sergey Ryabkov, Russia’s Deputy Foreign Minister has said that Iran would benefit if it joined New Development Bank established by the BRICS countries. Speaking at the BRICS foreign ministers meeting in Nizhny Novgorod, he said that “In order for Iran’s entry into BRICS to face the least difficulties, it is necessary to take a number […]
Russian Foreign Minister Sergey Lavrov said during talks with his Venezuelan counterpart Yvan Gil Pinto during the BRICS Foreign Ministers’ meeting this week, that Russia welcomes Venezuela’s interest in BRICS and will contribute to the strengthening of relations as the BRICS 2024 chair. Lavrov stated that “We are glad to see you and your delegation […]
In a sign that Russia’s push towards a multipolar world is gaining traction, and that the international community is happy to connect with the with country, Vladimir Poteshkin, Russia’s Deputy Transport Minister has stated that direct flights to Tanzania, Kuwait, Saudi Arabia and Indonesia are due to begin before the end of this year. New […]
The Bank of Russia has announced it is suspending trade in the Hong Kong dollar with immediate effect from Thursday, June 13, with the move meaning that settlements on the Moscow Exchange (MOEX) will be suspended. The suspension has come after the United States issued a further round of sanctions on Russia meaning that third-country […]
The Cuban Foreign Minister, Bruno Rodríguez Parrilla has held discussions with Russian Foreign Minister Sergey Lavrov concerning the development of trade ties in St. Petersburg. The meetings have been held at the same time that a small fleet of Russian warships and support craft have arrived in Havana. Lavrov had visited Cuba in February this […]
A little commented on issue in Western Europe is the significant possibility that Republika Srpska, currently part of Bosnia & Herzegovina (BiH), may shortly declare independence. Part of the former Yugoslavia, Republika Srpska is one of the two entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina. It is located […]
In a major trade step forward, the Eurasian Economic Union (EAEU) and China have agreed to implement vital elements of cooperation in trade digitalisation, making mutual trade flows increasingly transparent and effective. The impact will further increase multilateral trade throughout China, Russia and the Eurasian landmass. Russia’s Minister of Trade of the Eurasian Economic Commission, […]
Alexander Korytny, the CEO of Kaliningrad’s Khrabrovo Airport has stated that the airport is actively working with Chinese airlines as a service hub for Western Europe. Korytny said that “We are actively cooperating with Chinese airlines, having made a pivot to the East. We are working with five leading Chinese airlines through the government of […]
As we reported last week, Russian President Vladimir Putin has held meetings with Dilma Rousseff, the Head of the BRICS New Development Bank (NDB). A new priority for the NDB, as directed by its shareholders, is the development of a new digital currency to facilitate direct trade between members and bypass sanctions imposed on Russia […]
Zimbabwe maintains good relations with all BRICS member countries and it is edging closer to joining the grouping, Zimbabwean President Emmerson Mnangagwa said as he returned home from the St. Petersburg International Economic Forum (SPIEF). Mnangagwa said that “Zimbabwe is edging closer to joining the BRICS economic bloc. Our good relations with members will enhance […]
Russia has in recent years succeeded in creating a modern meat industry and now ranks fourth in the world by meat production, President Vladimir Putin said at the St. Petersburg International Economic Forum on Friday (June 7). “We have created a modern meat industry in the agro-industrial complex. Its capacity has almost doubled in 15 […]
The St.Petersburg International Economic Forum (SPIEF) 2024 has now finished, attracting guests from 139 countries. Investment deals worth US$71 billion were signed, as Russian companies look to invest in alternative markets as its economy moves away from Europe. In this article we highlight some of the larger investment deals that Russian investors made to instigate […]
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