Latest updates, insights, and analysis.
The St Petersburg International Mercantile Exchange (SPIMEX) has said it will set a new record for the sale of timber and its processed products in 2024 of around 5.3 million to 5.5 million cubic meters, amounting to about ₽10 billion (US$97.2 million) in monetary terms, SPIMEX Managing Director Alexei Ryzhikov has said, in a year […]
The Russian Fishery Shipowners Association (FSA) has said that Russia exported more than 1 million tonnes of frozen fish in 9M 2024, accounting for 17.4% of global exports compared to 16.2% at the end of 2023, following an analysis of global fish export statistics. The FSA said that “Frozen fish remains the main product of […]
Russia’s Ministry of Agriculture Agroexport Center has said that Russia exported dairy products worth US$370 million in 11M 2024, up 20% year-on-year. More than 30% of these export revenues came from cheeses and cottage cheese, 22% from fermented dairy products, 14% from ice cream, 11% from powdered milk, 9% from milk and cream and 6% […]
The practical difficulties of imposing sanctions upon Russia on an economy are adequately shown in Russia’s 2024 bilateral trade data with Japan, which has declined by 15.9% during 2024. However, a closer look at the data reveals that the trade damage inflicted has been on Japanese products – its exports to Russia were down 22.2%, […]
Belarus’s Belavia Airlines has launched regular flights from Minsk to Urumqi, the capital of northwest China’s Xinjiang Province. It is the largest and wealthiest city in Central Asia. The first flight had over 75% occupancy. The Urumqi-Minsk flight also delivered over three tonnes of cargo, mainly parts for Chinese-manufactured cars, along with the passengers. It […]
Air Arabia plans to launch direct flights on the Sharjah, of the United Arab Emirates, to Sochi on Russia’s Black Sea Coast route starting from June 27, 2025, according to Sochi Airport. Flights will operate three times per week on Mondays, Wednesdays, and Fridays on narrow-body Airbus A320 aircraft, with travel time just under four […]
The Russian Ambassador to Tajikistan, Semyon Grigoriev, has said that the bilateral trade turnover between Russia and Tajikistan rose 18.4% year-on-year to around US$1.4 billion between January to September 2024. This implies an annual total turnover of about US$1.87 billion for the full year. Grigoriev said during an interview with Tajikistan’s National Information Agency that […]
Russia’s Promsvyazbank (PSB) has begun developing a Russian payment infrastructure in Nicaragua and will develop an ATM network in the country, the bank has stated. PSB has installed its first ATM in the Nicaraguan capital, Managua, at a branch of Credicoop R.L. bank. It provides customers with access to cash operations in the national currency, […]
The BRICS will review Syria’s existing membership application if the new Syrian authorities endorse it, according to Sergey Ryabkov, Russian Deputy Foreign Minister and Russia’s Sherpa in the BRIC. Russia currently holds the BRICS Presidency. Ryabkov said that “We consider applications of all countries very seriously, and Syria is no exception. But we do not […]
Russian oil companies have finalized numerous oil exploration agreements with Sudan, including industrial and commercial deals. “There are 22 separate (oil) fields in Sudan, more than 70% of which are located in safe areas, in the north, in the east, in Khartoum and north of it. Most are in safe areas, and Russian companies, anmely […]
Russia is set to further develop and expand the small but already growing role of Port Sudan in Russia’s Red Sea logistics network and strategic objectives. Egypt, Ethiopia and Iran are full BRICS members and utilise the Suez Canal, while Algeria and other Russian allies are also dependent upon the Red Sea region. Sudan however […]
Russia will likely turn to Libya to mitigate its reliance on or replace its Syrian bases for its military logistics and objectives to project power into the Mediterranean, according to the US based Institute for the Study of War (ISW). Libya is the only country with a Russian military presence in Africa that Russian cargo […]
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