News

Russia’s Lukoil Wins Egyptian Oil Development Contracts

Africa, BRICS, Energy, Investment, Trade

Egypt’s parliament has approved several bills that authorize the Petroleum and Mineral Resources Ministry to enter into contracts with a number of foreign, including Russian companies to explore and develop its oil and gas fields. South Valley Egyptian Petroleum Holding Company and Lukoil Overseas Egypt secured approval for a concession to explore for and produce […]

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Russia, Dominican Republic: 2025 Diplomatic & Trade Relations Update

BRICS, Latin America, Trade

The Russian Foreign Minister, Sergey Lavrov, has been visiting the Caribbean nation of the Dominican Republic in the first visit to the country by a Russian Minister. Lavrov has been in Santo Domingo, the capital, arriving from Brazil where he attended a BRICS foreign ministers meeting. He held meetings with his Dominican counterpart, Roberto Alvarez,

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New Russia, North Korea Road Bridge To Open In Early 2027

Asia, Infrastructure, Logistics & Transport, Trade

The construction of a road bridge between Russia and North Korea across the Tumen River marks a significant milestone in relations between the two countries, Russian Prime Minister Mikhail Mishustin said during a virtual ceremony commemorating the beginning of the bridge’s construction. That was also attended by Pak Thae Song, the head of the North

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Russian Railways Logistics Launch Cargo Delivery Service to China via Iran

BRICS, China, Infrastructure, Logistics & Transport, Middle East, Trade

Russian Railways Logistics plans to launch permanent cargo delivery to China via Iran via the International North-South Transport Corridor (INSTC), according to Vera Vtorygina, director of the Russian Railways Logistics branch in Saratov. She was speaking at the “Transport Logistics of the Caspian Region 2025” forum in Astrakhan. In March, a test shipment of potash

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Russia, China Meet On Sidelines Of BRICS Foreign Ministers Meeting: Ministers Statements & Q1 Bilateral Trade Update

BRICS, China, Exports, Imports, Trade

The Russian Foreign Minister, Sergey Lavrov, has met with China’s Foreign Minister Wang Yi at the BRICS Foreign Minister’s meetings in Rio de Janeiro. This is what they had to say: Sergey Lavrov’s Statement “Dear friend, we meet regularly and frequently, which allows us to remain in good shape. You said that we are likely

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New FESCO Shipping Service Arrives In Indonesia

Asia, BRICS, Exports, Infrastructure, Logistics & Transport, Trade

Russia’s FESCO Transport Group has made its first direct ship call with its container ship to the port of Jakarta (Indonesia) as part of a linear service. The vessel delivered container equipment to Jakarta for further shipments from Indonesia and took on board loaded containers intended for delivery to Malaysia, Thailand and Russia. The container

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Russian Central Bank Warns Of Domestic Risks Over US-China Tariff Wars

Economy, Finance, Russian Market, Trade

A potential consequence of tariff wars triggered by the new U.S. administration’s decisions for Russian businesses could be the weakening of the Chinese RMB Yuan, and consequently increased competitiveness of Chinese manufacturers in foreign markets, including Russia, Kirill Tremasov, an advisor to the Central Bank of Russia’s governor has stated. Tremasov said that “One possible

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Russia Looks To Algeria As An African Market Entry Hub

Africa, Exports, Imports, Trade

Algerian infrastructure can become a hub for Russia, providing it with access to African markets, according to Ahmed Azimov, chairman of the Russian-Algerian Business Council. Azimov stated that mechanisms have already been outlined that will help companies from Russia to explore new areas faster and more safely. Azimov was commenting after a Russian business mission

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Russia, Ethiopia Discuss Trade, Investment and BRICS Development

Africa, BRICS, Trade

Russian Foreign Minister Sergey Lavrov has met with the Ethiopian Foreign Minister, Gedion Timotheos on the sidelines of the BRICS Foreign Ministers Council meeting in Rio de Janeiro. The ministers reaffirmed their mutual commitment to further expanding multifaceted bilateral cooperation in areas of shared interest. They also expressed support for deepening Russian-Ethiopian engagement within various

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BRICS Foreign Ministers Annual Meeting Takes Place In Rio De Janeiro

BRICS, Trade

The 2025, Brazil-chaired meeting of BRICS Foreign Ministers has been taking place in Rio de Janeiro, with Russian Foreign Minister Sergey Lavrov attending. The ministers have been holding an in-depth exchange of views on a broad range of current international issues and collaboration. They also discussed further BRICS cooperation and preparations for the 17th

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