Latest updates, insights, and analysis.
Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the […]
Russia’s Transit Transport Group, (TTG) one of Russia’s largest shipping companies has expanded its ‘Fetled Express’ marine service from Shanghai to St. Petersburg, adding the Sri Lankan port of Colombo to the route. The service directly connects China, Vietnam, Sri Lanka, Turkey, and Russia and is part of the Asia-Russia intermodal transportation chain. The full […]
The redevelopment of Big Ussuri Island, including the opening of a new Russia-China border crossing, is stimulating billions of rubles of investment into the area, according to the Khabarovsk Minister of Economic Development, Viktor Kalashnikov. Bolshoi (Big) Ussuri Island is on the Amur River, along the border between Russia and China. The Russian part of […]
For the first time a goods train will deliver products directly from Ulyanovsk to Baku and then to Iran’s Astara in less than a month, the head of the region Alexey Russkikh said. Ulyanovsk, the administrative centre of the Ulyanovsk region, located on the banks of the Volga and Sviyaga rivers, is a major diversified […]
Russia’s bilateral trade growth with China is being subjected to the commercial brakes being applied to it by the United States sanctions policy, a scenario both Moscow and Beijing detest, and vehemently protest, but at present are being forced into adhering to some restrictions. The main problems come from sanctions, or the threat of them, […]
Another new trade corridor between Russia and Asia is set to open in 2025 when the Khandagayty checkpoint on the border with Mongolia is completed in Tuva. The new facility includes a Special Economic Zone, (SEZ) which provides a bonded area for the processing and manufacturing of goods. This has tax saving advantages for finished […]
A new cross-border railway bridge between the Russia’s Amur Region and China, at the Jalinda – Mohe border, is planned to be built as part of a public-private partnership scheme. Pavel Puzanov, Deputy Chairman of the Amur regional government, has stated that this new transport corridor will provide an alternative option for border crossings, relieve […]
The Russian city of Omsk is to be directed as a key transmodal logistics hub servicing trade with China and Kazakhstan, according to development plans and investments of ₽30 billion (US$340 million) outlined by Vitaly Khotsenko, the regional governor. Omsk will focus its regional trade on organising cargo transportation with China, Kazakhstan and other Asian […]
Russian-owned multinationals (MNCs) are relocating to friendlier jurisdictions, with another two businesses announcing redomiciling plans this past week. Both are representative of the new, more financially attractive options available for them. Qiwi Qiwi provides payment and financial services in Russia and CIS countries. The group includes QIWI payment systems, QIWI Bank, CONTACT money transfer system, […]
China is expected to join the consortium formed to build a multipurpose fast neutron experimental reactor (MBIR) in Dimitrovgrad, Russia’s Ulyanovsk Region before the end of this year, according to Vasily Konstantinov, a director of international scientific and technical projects at Russian SOE Rosatom Group. Konstantinov is also the CEO of the IRC MBIR Consortium. […]
Gazprom, on the look-out for new markets following the cancellation of its trade with Europe, has doubled its gas supplies to Central Asia in the January – August 2024 period, Gazprom CEO Alexei Miller has said, stating that “We are expanding cooperation with countries of Central Asia. Energy consumption in these countries is growing very […]
S7 Airlines plans to launch flights from Moscow to Dubai beginning on September 30, the company has stated. S7 will operate the flights four times per week, on Mondays to Dubai International Airport (DXB), and on Tuesdays, Thursdays, and Saturdays to Al Maktoum Airport (DWC). They will use narrow-body Boeing 737-800 aircraft that could accommodate […]
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