Latest updates, insights, and analysis.
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 […]
The Commonwealth of Independent States (CIS) held Ministerial-level meetings last week, followed by Russian President Vladimir Putin flying to Tashkent, Uzbekistan on Sunday (May 26) for talks with Uzbekistan’s President, Shavkat Mirziyoyev. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. CIS members are set to enter a new agreement on free […]
Russia is now planning reconstruction of industrial sites in the Donbass following moves into the area after previous heavy fighting. These plans are rarely, if ever, reported in Western media. However, assessments and reconstruction plans are being carried out throughout the Donbass region, according to Denis Pushilin, the Head of the Donetsk People’s Republic. In […]
Russian Prime Minister Mikhail Mishustin has stated that trade turnover in the Commonwealth of Independent States(CIS) gained two thirds over the past four years. This year Russia chairs the CIS, he noted, adding that Moscow considers completion of the plan of action to implement the first stage of the Commonwealth’s economic development strategy through the […]
Maxim Vasiliev, Russia’s Trade Representative with Mongolia has suggested that the Mongolian government has linked its future economic growth to the successful signing of a Free Trade Agreement with the Eurasian Economic Union (EAEU). He was speaking at the economic conference “Prospects for the development of trade, economic and investment cooperation between Mongolia and the […]
Russia plans to open embassies in Sierra Leone, Niger, and South Sudan soon, Russian Foreign Minister Sergei Lavrov said at a reception of the upcoming Africa Day at the Russian Foreign Ministry on Thursday (May 23). The Russian embassy to Burkina Faso resumed its operations last December. We describe the basic economic and demographic situation […]
Aleksey Likhachev, the Director-General of Russia’s Rosatom State Atomic Energy Corporation, and Ajit Kumar Mohanty, the Chairman of the Atomic Energy Commission of India, have discussed expanding cooperation in nuclear energy in India, according to Rosatom. Likhachev and Mohanty, held talks during a Russian nuclear site visit in Seversk, Tomsk Region on Thursday (May 23). […]
Mikhail Galuzin, Russia’s Deputy Foreign Minister, has stated that the total volume of trade turnover with Central Asia in 2023 exceeded US$44 billion, representing 33% of all foreign trade of the Central Asian states. Meanwhile, the use of mutual currency settlements in this trade in national currencies of Russia with Kazakhstan, Kyrgyzstan and Tajikistan has […]
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