Latest updates, insights, and analysis.
Representatives of the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) expect to come to a substantive conclusion of negotiations on signing a Free Trade Agreement (FTA) by the autumn of 2024, the Eurasian Economic Commission (EEC) has said. This followed statements by Andrei Slepnev, the EEC Trade Minister and Thani bin Ahmed […]
Will provide APAC steelmakers with coal from the world’s largest deposits Dmitry Demeshin, the acting governor of Khabarovsk has said that financing for the construction of the Elga port in the region has nearly reached its ₽150 billion (US$1.7 billion) target. The port is mainly intended for the export of coal from the Elginsky deposit […]
The BRICS tenth parliamentary forum has been taking place in St. Petersburg, with major structural changes being discussed to manage the blocs development. Russia is the current chair of the forum, which was presided over by the Russian President, Vladimir Putin. He stated that “Thus far, BRICS does not have its own institutionalized parliamentary structure. […]
Russia’s Deputy Foreign Minister Mikhail Bogdanov has been holding talks with the Senegalese President, Bassirou Diomaye Faye in Dakar. The sides discussed joint projects in energy, mining and processing of minerals, the Russian Foreign Ministry has stated, adding “The issues of increasing trade and economic and investment partnership volumes, improving the contractual and legal framework, […]
Anton Alikhanov, the Russian Industry and Trade Minister, has stated that mutual trade between Russia and the members of the Shanghai Cooperation Organization (SCO) surged by 25% in 2023, reaching US$333 billion. The SCO completed their annual Heads of State meetings in Astana last week. This means that Russia’s trade with the SCO equates to […]
Akylbek Japarov, the Kyrgyzstan Prime Minister, has said that Kyrgyzstan and Russia intend to increase mutual trade by 70% to reach US$5 billion a year in the medium term. Japarov stated that “There is good potential for this. Last year, our trade was US$3 billion, and in four months of this year trade it has […]
The Russian President, Vladimir Putin and India Prime Minister Narendra Modi have agreed to boost their bilateral trade to US$100 billion by 2030. Putin has been meeting with Modi for bilateral talks in Moscow, during which they discussed a wide range of issues. The two sides agreed on a plan of strategic cooperation until 2030. […]
China’s RMB Yuan accounted for virtually the whole volume of exchange forex trading after the imposition of sanctions against the Moscow Exchange (MOEX), making up 99.6% of all transactions, the Central Bank of Russia has stated. Trading volume on the over-the-counter forex market reached ₽13 trillion (US$148 billion) in June. When sanctions were first imposed […]
Laziz Kudratov, Uzbekistan’s Investment, Industry and Trade Minister, has stated that Uzbekistan and Russia have every chance of increasing bilateral trade to US$30 billion by 2030, speaking at the Uzbek-Russia working group for increasing bilateral trade being held in Moscow. Kudratov pointed to the major expansion of the structure of goods and the increasing share […]
Indian Prime Minister Narendra Modi has been in Moscow holding talks with Russian President Vladimir Putin, in discussions likely to have far-reaching, positive consequences for Russia-India bilateral trade as well as the BRICS group. There are however, technical problems to solve. A major stumbling block is that India buys far more from Russia than vice […]
Indian Prime Minister Modi has agreed with Russian President Vladimir Putin that India may establish a further two new consulates in Russia. Currently, India possesses an Embassy in Moscow, and Consulates in St.Petersburg and Vladivostok. These will be joined by new diplomatic consulates to be opened in Kazan and Yekaterinburg. Kazan is a cultural and […]
Cyprus loses a major Russian client to Kazakhstan’s fiscal gain as Western exits increase The Russian chain of low cost retailers, Fix Price has redomiciled its corporate PLC entity from Cyprus to the Astana International Financial Centre in Kazakhstan. Fix Price operate over 6,500 retail stores worldwide, with 2023 revenues of ₽291.9 billion (US$3.3 billion) […]
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