News

Latest updates, insights, and analysis.

May 25, 2024

EAEU, Mongolia Trade Can Grow 25%

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 […]

May 24, 2024

Russia, India Discuss Nuclear Power Projects

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). […]

May 23, 2024

Russia’s Trade Turnover With Central Asia Reached US$44 billion In 2023

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 […]

May 23, 2024

Algeria Applies To Join The Shanghai Cooperation Organization

Russian Foreign Minister Sergey Lavrov says Algeria will become a member of the Shanghai Cooperation Organisation (SCO) after obtaining dialogue partner and subsequent observer status, after Algiers applied to become a dialogue partner of the SCO on Tuesday (May 21). The SCO, which accounts for some 20% of global GDP, was founded in 2001 by […]

May 22, 2024

Laos Applies To Join The Shanghai Cooperation Organization

Update – August 14: Sergei Shoigu, Russia’s Security Council Secretary has reaffirmed Russia’s readiness to continue development and interaction between the Security Council of the Russian Federation and the Public Security Ministry of Laos, in meetings with Chansamone Chanyalath, the National Defense Minister of Laos, in Moscow. Laos, a member of the southeast ASEAN bloc, […]

May 22, 2024

Krasnoyarsk To Become Asian Airfreight Transit Hub

A new storage warehouse has opened in the cargo terminal at Krasnoyarsk Airport in southern Siberia, which will provide new logistical networks for the shipments of goods from the airport to Asia. The opening of the new warehouse at the cargo terminal took place on Tuesday (May 21), the airport said on social media. The […]

May 22, 2024

Russia Looking To Revive South African Gas Refinery

South Africa’s PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at South Africa’s gas-to-liquid (GTL) fuel plant in Mossel Bay in South Africa’s Western Cape. PetroSA spokeswoman Nonny Mashika-Dennison has said that all factors affecting the viability of restarting operations at the refinery were being considered as part of a comprehensive […]

May 21, 2024

Russia, Vietnam, Launch Direct Rail Service Via China

FESCO, Russia’s largest transport company , and Vietnam’s Ratraco have signed a cooperation agreement that will introduce the launch of regular direct railway services between Russia and Vietnam through China. FESCO stated in a press release that “We signed a cooperation agreement in Hanoi with the Vietnamese logistics operator Ratraco, within the framework of which […]

May 20, 2024

Russia’s Trade With Islamic Countries Up 30%

Russian Deputy Prime Minister Marat Khusnullin has stated that Russia’s trade turnover with the member countries of the Organization of Islamic Cooperation (OIC) in 2023 increased by 30% in 2023. He was speaking at the 2024 KazanForum “Russia & the Islamic World.” “Thanks to this event, we have become even closer with our colleagues – […]

May 20, 2024

Putin-Xi, May 2024 Russia-China Summit – Announced Deals

The Russian President, Vladimir Putin, visited Beijing and Harbin, China last week to meet Chinese President Xi Jinping and discuss multiple issues concerning trade and mutual development. In Harbin, Putin attended the China-Russia Expo. In this article, we summarise the meetings, and discuss the numerous announced deals and developments.     Overall Impact The overall impact […]

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