The World Bank has recognised Russia as a high-income nation in its official global rankings, after stating that the average Russian gross national income per capita in Russia is US$14,250, which at current exchange rates, in local Ruble terms is ₽1,260,940. The World Bank Group assigns the world’s economies to four income groups: low, […]
The number of passengers for Russian airlines is expected to reach about 98.1 million over 2024, according to Russian Federal Air Transport Agency (Rosaviatsiya) head Dmitry Yadrov. This ranks Russia as the world’s third largest passenger aviation market, behind the United States and China, and just ahead of India. Yadrov said that “For now, we
Russian Passenger Flights Per Annum Third Highest In the World Read More »
The first batch of Belarusian-built VGV SUZ crossover vehicles have been delivered to Russia, representatives of VGV have stated. “The first batch of VGV crossovers has arrived in Russia, the cars have passed customs clearance. This stage was the final one before the mass deliveries of cars to Russia. These VGV crossovers have undergone a
The role of national currencies in global trade is changing, as countries look at ways of at least partial minimisation of exposure to the US dollar. We discuss the evolutionary trends. Two main global financial evolutionary events are happening at the same time: the first is changes to the role of the US dollar,
As The World Looks At US Trade and Dollar Alternatives, What Are The Options? Read More »
Yakutia Railways has proposed the restoration of the Skovorodino – Reinovo railway, which would connect with the Russian Railways network and the Russia-China border crossing at Dzhalinda and Mohe in China’s Heilongjiang Province. That in turn links directly to the provincial capital Harbin, with onward links to Beijing and the Chinese national rail system. Mohe
Yakutia To Revive Skovorodino Railway With Connections Through To North China Read More »
Government fiscal income revenues from Russian imports will have declined in the West and increased in the East by tens of billions of dollars Russia’s exports actually increased by US$31 billion after the West imposed trade sanctions, according to open-source intelligence calculated by Sputnik, itself based on data from Russia’s Federal Customs Service. While
Russia’s Total Export Values Increased After The West Imposed Sanctions Read More »
Despite Western media Gazprom rhetoric, Russia Is To Become China’s Largest LNG Supplier Just a month after Western media took aim at Russia for not being able to reach agreement with China on increased gas supplies, Russia has announced that supplies of Russian gas to China via the Far Eastern route will start in 2027.
Russia Signs Sakhalin Pipeline Deal To Supply China Read More »
Denis Sassou Nguesso, the President of the Congo, has met with Russian President Vladimir Putin in Moscow, where Nguesso expressed his country’s interest in becoming a member of BRICS. Nguesso stressed that the African country is interested in developing ties with the bloc, and said “I’ve heard about the BRICS+ format. So, if all these
The United States and United Kingdom have much to lose if the Kremlin downgrades relations. The Kremlin said on Thursday (June 27) that Russia is considering a possible downgrading of diplomatic relations with the West due to the deeper involvement of the United States and its allies in the Ukraine war, though no decision has
The Impact Of Russia Downgrading Its Relations With The West Read More »
Russia’s trade with China has been hampered by the impact of financial sanctions upon Russia, including not just its banks but also its SPFS payment system, which operates as an alternative to SWIFT. The United States and EU have threatened additional sanctions on any bank that conducts financial trade with Russia or connects to its
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