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Russia Needs To Reduce Import Dependence On China: Chamber of Commerce & Industry

China, Economy, Trade

The Russian Chamber of Commerce & Industry has suggested changes to Russia’s import substitution sector lest it start to rely too much on Chinese manufacturing.   To reduce import dependence in Russia’s manufacturing and mechanical engineering sectors, it is essential to accelerate the development of component manufacturers – a third layer of Russian industrialisation. At present, […]

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Uzbekistan Contemplates Further Eurasian Economic Union Trade & Development

Eurasian Economic Union, Trade

The tenth anniversary meetings of the founding of the Eurasian Economic Union (EAEU) took place last week, with the five member bloc assessing progress and planning ahead. The EAEU, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, fills the geographic space between Eastern Europe and Western China. Uzbekistan is not a member but does have

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St.Petersburg Provides SME Incentives To Develop East China Exports

China, Logistics & Transport, Trade

The St. Petersburg government is to launch a pilot scheme for local SME exporters, providing subsidies for domestic businesses in the city looking to access markets in Eastern China. At the initial stage, it is planned to access four major ports in China: Qingdao, Shanghai, Ningbo, and Guangzhou. The initiative has been arranged by the

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Eurasian Economic Union Holds Annual Heads Of State Meetings: Discussions and Developments

Eurasian Economic Union, Trade

The heads of state of the Eurasian Economic Union (EAEU) countries met in Moscow this week to discuss the ten-year progress since the bloc was formed and make plans for future development. The event was attended by the five heads of state from Armenia, (Prime Minister Nikolai Pashinyan) Belarus (President Alexander Lukashenko), Kazakhstan, (President Kassym-Zhomart

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Russia Plans For National Economic Transition & Growth Resurgence 

Economy, Finance, Investment

Andrey Belousov, Russia’s First Deputy Prime Minister, has said that Russia has worked out a plan to transform the country’s economy by 2030. His remarks followed President Putin’s decree, also issued this week, which sets out the goals for future Russian growth until the end of the decade.  Speaking at a panel session on Wednesday

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Arkhangelsk-Shanghai To Become A Regular Northern Sea Route Service

China, Logistics & Transport, Trade

China’s Yangpu Newnew Shipping plans to make 10-12 shipping runs from Shanghai to Arkhangelsk along the Northern Sea Route (NSR) in 2024, according to the government of the Arkhangelsk region. Alexander Tsybulsky, Arkhangelsk Regional head, and Tsetsen Goryaev, the General Director of the Arkhangelsk Commercial Sea Port and Elena Maximova, the General Director of Torgmall

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Using The Interest On Russian Assets For Ukraine: The Details and Implications

Economy, Finance

The European Union has approved the use of Russian financial assets, currently frozen in the Belgian Euroclear account, to be sent to the “European Peace Fund” (EPF) – a body established in the EU to send funds for munitions to Ukraine. In this article we examine the agreement and the implications. Deal Structure The Russian

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Russia Aims For 50% Domestic Passenger Aircraft Fleet By 2030

Infrastructure, Logistics & Transport

As we discussed yesterday, Russian President Vladimir Putin has signed a decree on Russia’s National Development Goals to 2030. This includes increasing the share of domestically produced aircraft in Russian airline fleets to at least 50%. “To set the following targets and tasks – Increasing the aviation mobility of the population by at least 50%

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Putin’s Presidential Inauguration Speech: National Development Plans & Russia To Become World’s Fourth Largest Economy By 2030

Economy, Investment

The Russian President Vladimir Putin made a comprehensive speech during his inauguration ceremony in the Kremlin, focusing on Russia’s future and its national strategic development plans. We summarise these and provide a link to the complete text below. Russian Priorities Amid the rapid changes in the world, Russia “must be self-sufficient and competitive,” open new

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