News - RUSSIA'S PIVOT TO ASIA

June 23, 2024

Interview With The Russian Union of Industrialists and Entrepreneurs on Cooperation Between Russian Businesses in China and India

Russia’s Kommersant newspaper has interviewed Vitaly Mankevich, the Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP) nd discussed the relationships between Russian businesses in China and India. We feature the interview below: What is the current situation with receiving payment from Russian legal entities in Chinese banks? “Briefly describing the situation is quite […]

June 22, 2024

Northern Sea Route To Have New Eastern and Western Logistics Terminals

Logistics terminals in Bilibino and Arkhangelsk, each with the capacity to handle 36,000 tonnes of cargo per annum, will be build by Russia’s Promstroyarktik LLC , according to the Chukotka’s governor’s office. The project will be carried out with the Far East and Arctic Development Corporation (FEDC) under the Arctic Free Trade Zone, which offers […]

June 21, 2024

EAEU – Russia – Azerbaijan 2024 Trade, Investment & Connectivity Intensifies

The economic relations between Russia and other EAEU countries with Azerbaijan, are increasingly active and are forming a common and mutually beneficial economic space, despite the fact that Azerbaijan is not part of the Eurasian Economic Union (EAEU) trade bloc. An accelerating growth in trade turnover between Azerbaijan and the EAEU, coupled with over 50 […]

June 21, 2024

Russia Leads The Way In Global, Small Nuclear Power Reactor Exports

Update: June 23 Niger, in West Africa, has just withdrawn the operating licence for France’s Oranco uranium mine in the country. France is heavily reliant on the mine to support its own nuclear energy programme. Niger is likely to redirect this facility to Russia, and if as expected it does so, will signal another trend […]

June 21, 2024

Russian Fisheries Agency To Assess African Oceanic Resources

The Russian Federal Agency for Fisheries is to organize an exploratory expedition in 2024-2025 to assess water bio-resources in the exclusive economic zones of African countries using ships of the Federal Research Institute of Fisheries and Oceanography. The purpose will be to examine water quality and marine stocks, and will include visits to several African […]

June 20, 2024

Yenisei – Arctic Ocean Shipping At 100% Capacity

The Nornickel-Yenisei River Shipping Company, which manages the river assets of Norilsk Nickel, has stated that the Krasnoyarsk and the Lesosibirsk River Ports – both of which service inland traffic to the Arctic Ocean, are capable of increasing their throughput capacities to 2 million tonnes per year each, but the fleet is loaded 100%. Olga […]

June 20, 2024

Russia To Add More Far East Rail Freight Containers

The Eurasian Union of Rail Freight Traffic Participants (ESP), which includes Russia’s largest container operators, has stated a need to bring back additional container train runs from central Russia to the Russian Far East. The Russian shift from markets in Europe to markets in Asia has created logistics bottlenecks. Due to the lack of railway […]

June 20, 2024

Blagoveshchensk Railway Port & Logistics Zone Next To China To Be Completed In 2025

The Sukhoi Port Blagoveshchensk logistics railway terminal will start operating in the fall of 2025, the Government of the Amur Region has reported. Blagoveshchensk is strategically important, as it lies on the Russian border with China on the Amur River. A railway bridge was completed in 2022, which connects to Heihe in China, and from […]

June 19, 2024

Russia’s Alfa Bank To Establish Offices In Beijing and Shanghai

Alfa Bank, Russia’s largest private lender, has applied to the Chinese authorities to open offices in Beijing and Shanghai. The bank is aiming to become the first private Russian bank to open fully-fledged branches in China, and comes after it recently expanded its client support services for Chinese businesses. Alfa Bank said it is already […]

June 18, 2024

Russia-Vietnam 2024 Trade and Development

Russian President Vladimir Putin is travelling to Vietnam on June 19-20 to meet Vietnam’s General Secretary Nguyen Phu Trong, President To Lam, Prime Minister Pham Minh Chinh, and National Assembly Chairman Tran Thanh Man. The parties plan to discuss the current state of and prospects for the continued development of a comprehensive strategic partnership between […]

June 18, 2024

Malaysia To Apply To Join BRICS

October 25 Update: Malaysia has now been granted ‘BRICS Partner’ status. See more here. Malaysia has decided to apply for BRICS membership and will start filing the official paperwork soon, Malaysian Prime Minister Anwar Ibrahim has said. Existing BRICS member South Africa has agreed to accept a request. Anwar said “We have made our policy […]

June 17, 2024

Intra-Eurasian Economic Union Trade Up 7% In Q1 2024

The mutual trade volume within the Eurasian Economic Union (EAEU) in the first quarter of 2024 increased by ₽2 trillion (US$22.5 billion), according to Dmitry Volvach, a Deputy Minister of the Russian Ministry of Economic Development of Russia. He was speaking at the ‘Export to the EAEU countries’ conference of interregional cooperation in Novosibirsk last […]

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