Latest updates, insights, and analysis.
India’s Nuclear Power Corporation of India Limited (NPCIL), is considering forming a joint venture with Rosatom for manufacturing nuclear fuel in the country to boost its nuclear capability. Russia is already helping build the Kudankulam Nuclear Power Plant (NPP) in southern India, set to be the largest atomic power plant in the country. That NPP […]
Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of […]
Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently […]
Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system. […]
The volume of air freight transported overseas by Russian airlines in H1 2024 amounted to 63,400 tonnes, 3% more than in the same period of 2023, according to statistics from the Federal Air Transport Agency. To compare, in the first 6 months of 2022, which saw international air cargo at 196,000 tonnes meaning that slow […]
Update – August 14: A result of the Putin-Abbas meeting, Palestine has been invited attend October’s annual BRICS heads of state conference, which will be taking place in Kazan. Abbas stated that “A particular format will be organized and will be devoted exclusively to Palestine, so that all BRICS members and other guest attendees can […]
Russia’s natural resource trade with China exceeded US$65 billion in H1 2024, according to China’s Ministry of Customs, reaching record levels. Overall, Russian exports of natural resources to China increased by 4% over the same period last year, year-on-year, reaching a new high of US$65.2 billion between January and June of this year. Oil and […]
Russia has been supplying record volumes of fertilizers to Brazil, a fellow BRICS member, according to Brazilian customs data. Brazil is the world’s biggest importer of soil enhancers, with imports from Russia exceeding 1 million tons over the three consecutive months – May, June and July. Monthly shipments reached an average 1,140,000 tons, a growth […]
Several Western airlines are pulling out of routes servicing China as sanctions have forced Western carriers to incur greater operational costs by avoiding Russian airspace. British Airways, Virgin Atlantic and Quantas are just three who are giving up what were lucrative direct flights to Beijing and Shanghai. Other, BRICS and BRICS related airlines are now […]
The 2022 price cap on oil sanctions that placed a limit of US$60 per barrel on Russian crude, are another example where ill-thought out economic policies matched with related geopolitical movements have instead created problems for the West’s own shipping supply chains. The oil cap sanctions, introduced in September 2022, were intended to limit the […]
Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia. The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include […]
Russia’s energy development strategy continues in the Sahel region of Africa, where engineers from the Rosatom, the state nuclear energy company, are on a four-day visit to Burkina Faso to discuss building a Nuclear Power Plant (NPP) in the country. Burkina Faso, previously the French colony of Upper Volta, is one of the world’s least […]
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