Latest updates, insights, and analysis.
The SME services sector in Russia is feeling an economic pinch, as the multiple effects of sanctions, inflation, and high interest rates combine to make certain sectors of the Russian consumer economy distressed. At present, this is being felt by the restaurant trade, with hundreds of small cafes forced to close. It is an early […]
Part Two of a Seven-Part Series in which we document the rise of the new outbound Russian entrepreneurial investor. From 2022 onward, Russia’s entrepreneurs and companies have been reshaping their foreign economic engagements in response to geopolitical realignments. As Western sanctions constrained access to traditional Western markets, Russia’s business community began to seek deeper footholds […]
Russia will help foreign citizens who have expertise in various fields to move to the country and obtain citizenship, President Vladimir Putin has stated. He was speaking at a meeting of the Russian Agency for Strategic Initiatives (ASI) Supervisory Board on Wednesday (February 18). In 2024, Putin signed a decree making it easier for foreigners […]
Russia’s FESCO transportation group has achieved a new weekly record volume of railway container transport from the Vladivostok Commercial Sea Port. From 9 to 15 February, 6,767 TEU were sent from VMTP as part of 45 container trains. This is 62 TEU more than the previous weekly maximum achieved in August 2024. FESCO stated that […]
Russia’s FESCO Transport Group has launched container shipping between Cambodia and Russia as part of expanding its maritime services, the company has said. Cambodia is in Southeast Asia and a member of the ASEAN trade bloc. It is also in the process of negotiating a Free Trade Agreement with the Eurasian Economic Union (EAEU), which […]
Russian President Vladimir Putin has met with Madagascar’s interim president, Michael Randrianirina, in Moscow. Putin noted that the two countries have many promising areas of cooperation, including agriculture, geological exploration, energy, medicine, healthcare, and education, saying that “Many students from Madagascar have already received higher education in Russia and are highly qualified.” President Randrianirina emphasized […]
A delegation from Iran’s IRISL Shipping Line has been visiting Russia’s Astrakhan region, with meetings held to discuss developing cooperation in shipbuilding and ship repair. The discussions included the Minister of Industry, Trade, and Energy of the Astrakhan region, Vitaly Shchepin; the Deputy Minister of External Relations of the Astrakhan region, Ilya Toropitsyn; the Director […]
Two more companies, Perpecia and Gekolina Investments, have relocated from Cyprus to the Oktyabrsky Island SAR in Kaliningrad. Perpecia is 100% owned by Adorabella LLC, and Gekolina Investments Limited is 100% owned by Chlodwig Enterprises LLC. Both of these companies had previously redomiciled from Switzerland to the Oktyabrsky Island SAR in 2023. They are subsidiaries […]
The Russian President, Vladimir Putin, has met with the head of the Republic of Ingushetia, Makhmud-Ali Kalimatov. Ingushetia is part of the Russian Federation yet has some autonomous control. It is situated in the North Caucasus and has a population of about 527,000. Kalimatov stated that the development of local industrial sites and their associated […]
Russian President Vladimir Putin has met with Cuban Foreign Minister Bruno Rodriguez Parrilla in the Kremlin and confirmed Russia’s support for the island amid an escalating US blockade. Cuba is grappling with one of its worst energy crises in years after an oil embargo and other US restrictions sharply reduced fuel imports and exacerbated shortages. […]
The BRICS countries need strategic maritime cooperation in order to enhance security along global shipping lanes from Western piracy, according to Russian presidential aide Nikolay Patrushev. In recent weeks, the United States and France have seized tankers in international waters that they claim are transporting sanctioned oil, while the United Kingdom has said it will […]
The Russian State Duma has ratified amendments to four Russian-Bangladesh intergovernmental loan agreements related to the construction of a nuclear power plant in Bangladesh. Russian Deputy Finance Minister Vladimir Kolychev stated that “The amendments were agreed and signed to overcome difficulties with settlements in unfriendly currencies for government loans previously provided to Bangladesh. The protocols […]
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