Latest updates, insights, and analysis.
The Russian government is to expand the Arctic Sabetta seaport in the Yamalo-Nenets Autonomous Okrug (Yamalo-Nenets Autonomous Okrug) for the construction of a cargo terminal. The new terminal will be able to receive 1.6 million tonnes of various cargo per annum and contribute to the development of the Northern Sea Route. Sabetta seaport will include […]
The 2024 BRICS Games are to be held in Kazan, Russia from June 12-23, with 5,000 participants from 97 countries expected to participate, according to the BRICS Games Organizing Committee. Russian Deputy Prime Minister Dmitry Chernyshenko said that “Russia chairs the BRICS in 2024, and this site has priority importance to our country under the […]
Sergei Glazyev, the Minister for Integration and Macroeconomics of the Eurasian Economic Commission, the directing head of the Eurasian Economic Union (EAEU) has been attending the China Overseas Investment Fair, which was held on May 27-28 in Beijing. China has a non-preferential trade agreement with the EAEU, which means that tariff and duty rates between […]
The Russian President, Vladimir Putin, is currently planning a trip to Vietnam, with dates expected to be confirmed by the Kremlin shortly. The trip will likely occur in mid-late summer. Russia has a Free Trade Agreement with Vietnam via the Eurasian Economic Union (EAEU). Current bilateral trade is running at about US$3 billion. Bilateral trade […]
Vladivostok Port, in the Russian Far East, is attracting new international shipping partners, according to Nikolai Yermolayev, the Ports operating Managing Director. He was speaking at the Maritime Congress of the Russian Far East, and said that another four major international carriers are negotiating the organization of shipping lines through the port. Vladivostok Port currently […]
The Foreign Ministry of the Taliban movement (which is currently banned in Russia as a terrorist organization), which controls Afghanistan, has welcomed Russia’s declared intention to build bilateral relations. Abdul Qahar Balkhi, spokesperson for the Taliban Foreign Ministry, said that “The Ministry of Foreign Affairs of the Islamic Emirate of Afghanistan welcomes comments by the […]
India imported almost US$353 million worth of sunflower oil from Russia in the first quarter of 2024, 17% more than in the same period last year, the Agriculture Ministry’s Agroexport Center reported, citing data from Indian customs. Sunflower oil is a key consumer commodity in India and is used widely in preparing vegetarian food. Russia’s […]
October 25 Update: Thailand has now been granted ‘BRICS Partner’ status. See more here. Thailand will apply to become a member of the BRICS economic bloc, the Thai government in Bangkok announced on Tuesday (May 28). Government spokesman Chai Wacharonke said that the Thai cabinet has approved the text of the official letter expressing Thailand’s […]
Russia’s FinInvest, which recently became a resident of the Mikhailovsky Priority Development Territory (ASEZ), will build the largest dry port in the Far East, which will be able to handle up to 1 million containers per year. The ASEZ includes land plots totaling more than 822 hectares in Artyom and Arsenyev cities, as well as […]
The wind energy division of Russia’s energy giant Rosatom, NovaWind, has begun construction of a 200 megawatt (MW) solar power plant in Mali, according to Bintu Kamara, Mali’s Energy and Water Resources Minister. The US$217 million project will increase electricity production in Mali by 10%. The facility, which will extend over 314 hectares of land […]
The Russian Ministry of Industry and Trade is preparing updates for what will be a national directive under the banner “International Cooperation and Export” where the main emphasis will be on the reorientation of non-resource, non-energy exports to countries in Africa, Southeast Asia, and Latin America. The updated national project will be operational until 2030 […]
Russia and Uzbekistan have agreed to triple their bilateral trade volumes with a goal of reaching US$30 billion by 2030. In addition, Russia’s Atomstroyexport JSC has signed a contract with the Uzbekistan Directorate for Nuclear Power Plant Construction to build a low-capacity nuclear power plant in Uzbekistan’s Jizzakh region. The decisions follow meetings in Tashkent […]
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