Latest updates, insights, and analysis.
The out-going US President, Joe Biden, gave a speech to the United Nations General Assembly yesterday (September 24) in which he stated that “The good news is Putin’s war has failed at his core aim” and then went on to list achievements, mainly as regards the expansion of NATO and the fact that Ukraine remains a […]
Money Can’t Buy Me Love, but Diamonds Are Forever Russia has imported a significant quantity of diamonds from China for the first time, with 35,000 carats of the gems, worth more than US$12 million, imported last month, based on Chinese customs data. Both countries had stated that barter could be used to settle trade transactions […]
The Moscow Stock Exchange (MOEX) has begun trading in cocoa futures contracts, with trading and settlements conducted in Russian Rubles. The cocoa trade desk began operating yesterday (September 24) and reflects an international demand for the product, reflecting the dynamics of the price of cocoa beans supplied from countries in Africa, Asia, and Central and […]
Pakistan has officially joined the International Transport Corridor (ITC), which runs Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan-ports of the Indian Ocean, the Uzbekistan Ministry of Transport has stated. The ITC will strengthen ties between Central and South Asian countries, whiloe for Belarus and Russia, both of which are under sanctions, it will provide additional access to the world ocean ports. […]
The overland Tagirkent-Kazmalyar checkpoint on the border between Russia and Azerbaijan is to be upgraded and expanded, with plans to increase its vehicle throughput by 12 times. The Tagirkent-Kazmalyar crossing is a priority development project as it is a key access along the International North-South Transportation Corridor, (INSTC) which connects Russia south to markets in […]
Moscow has listed 47 countries, including some from Asia, whose “destructive attitudes” contradict Russian values, opening the path for nationals of these nations to seek asylum in Russia if they so choose. This follows the signing of a Presidential decree last month allowing foreigners who disagree with the “neoliberal” agenda pushed by their own governments […]
The Future Iraq Institute for Economic Research and Consulting has reported that Iraq and Saudi Arabia have lost their positions as the largest oil exporters to China due to purchasing incentives offered by Russia and Iran. According to the report, Russia captured 22% of China’s oil imports in August 2024, offering prices that were 6% […]
A Russian consortium has signed a Memorandum of Understanding (MoU) with the Nigerian government to restart operations at Nigeria’s Ajaokuta Steel Plant. The plant, together with Nigeria’s National Iron Ore Mining Company (NIOMCO), have been dormant for 42 years. The agreement was formalized during a recent visit to Moscow by Prince Shuaibu Abubakar Audu, Nigeria’s […]
The Moscow World Food Trade Fair has been held this week, with senior officials from India’s Agricultural and Processed Food Products Export Development Authority (APEDA), part of the Indian Ministry of Commerce, has said that the Russian market offers opportunities for Indian exporters across a wide range of categories, including whole grains, pulses, millets, processed […]
Russia’s Deputy Minister of Trade and Industry, Aleksei Gruzdev, has been visiting Islamabad and holding meetings with his counterpart, Rana Tanveer Hussain, Pakistan’s Minister for Industries, Production, and National Food Security. The two officials discussed enhancing bilateral trade, with a focus on improving agricultural outputs. As a result, Russia has agreed to supply the latest […]
In signs that more wealth and capital is moving away from Europe to Asia as a result of Western sanctions, Soven 1 Holding Limited, an investor from the UAE, has signed an agreement to purchase the Austrian Raiffeisen Bank International’s 87.74% stake in the Belarus-based subsidiary Priorbank, and its subsidiaries. Raiffeisen’s core business has been […]
Russia is increasing the volume of payments in its national currency, with the Ruble’s share in its export trade with Europe rising to a historical high of 67% of the total, according to the Russian Central Bank. This indicates that the global structure of renumerations is changing against the backdrop of Western financial sanctions, and […]
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