News

Russia, Sri Lanka Trade Increased 2.4 Times In 2024

Agriculture, Asia, Exports, Imports, Trade

The bilateral trade turnover of agricultural products between Russia and Sri Lanka grew 2.4-fold to reach US$343.7 million in 2024, Russia’s Agroexport federal centre has said. While relatively small, the results show an improvement in the Sri Lanka economy, with the country defaulting on its foreign debts in 2023. Russia has provided some aid assistance. […]

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Russia, Vietnam Discuss Increased LNG Supplies

Asia, Energy, Exports, Infrastructure

Russia and Vietnam have been discussing supplies of Russian liquefied natural gas (LNG) to Vietnam, during meetings between Russian Energy Minister Roman Marshavin and Vietnamese Deputy Industry and Trade Minister Nguyen Hoang Long. The sides discussed their thus far successful interaction in the oil and gas sector, including the approval of agreements to expand cooperation

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Russia, Iran Working On Expanding Overland Gas Pipeline Capacity

BRICS, Energy, Eurasian Economic Union, Exports, Infrastructure, Middle East

Russia and Iran are continuing to work on joint projects to create new land corridors for Russian gas shipments to Iran, according to a joint statement issued by Russian Deputy Prime Minister Alexander Novak and Iranian Petroleum Minister Mohsen Paknejad. The two sides also discussed the implementation of other joint energy infrastructure projects. They also

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Russia, China, Uzbekistan Discussing Investment In Uzbekistan Nuclear Power Plant

Asia, China, Energy, Eurasian Economic Union, Exports, Investment, Russia's Belt & Road

Uzbekistan’s atomic energy agency Uzatom, Russia’s Rosatom Group, China National Nuclear Corporation (CNNC) division CNOS, and Shanghai Electric have been holding negotiations on building turbine equipment and assessing the prospects of adapting it for a nuclear power plant (NPP) project in Uzbekistan. Uzatom has stated that “In the course of the negotiations the parties discussed

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Rosatom To Start Kyrgyzstan Wind & Solar Farm Constructions in 2026

Asia, Energy, Eurasian Economic Union, Exports, Investment, Russia's Belt & Road

Rosatom Central Asia have stated that the first deliveries of the equipment for a wind farm in Kyrgyzstan’s Issyk-Kul region is scheduled to be delivered in the second half of 2025, while construction will start in 2026. Kyrgyzstan’s Energy Minister Taalaibek Ibraev said that “We are starting construction of a wind farm with capacity of

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100% Russian-Made Sukhoi Superjet Makes Maiden Flight

Exports, Infrastructure, Investment, Logistics & Transport, Russian Market

A Sukhoi Superjet 100 (SJ-100) aircraft with all of its component parts made in Russia has joined Russia’s test flight program, the aircraft manufacturer, Rostec has stated. The aircraft, bearing factory number 97003 performed its maiden flight in Komsomolsk-on-Amur. The trials were designed to test and prove the capability and stable operations of all the

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Hyundai, Kia Preparing To Return To The Russian Market?

Asia, Imports, Russian Market, Trade

In signs that some businesses are preparing to return to the Russian market, South Korea’s auto giant Hyundai has registered at least eight new trademarks with Russia’s intellectual property service, Rospatent, this month. The filings suggest that Hyundai could be preparing for a return to the Russian market. The new trademarks grant the company the

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Russia Imposes 35% Import Tariffs On Cosmetics & Perfumes From Unfriendly Countries

China, Imports, India, Russian Market, Trade

Russia’s Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty

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Louis Vuitton Preparing To Return To The Russian Market?

Imports, Russian Market, Trade

French luxury brand Louis Vuitton has registered up to six new trademarks in Russia, according to media reports citing records kept by the country’s federal intellectual property agency, Rospatent. Louis Vuitton filed an application in October, and Rospatent registered a new trademark this month, which is valid until 2034. The Rospatent database apparently shows that

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EU loses Another Listed Company To Russian Domiciliation

Economy, Finance, Russian Market, Trade

The European Union has lost another listed company to Russian domiciliation as video analytics solutions developer NtechLab has completed redomiciliation from Cyprus to the Kaliningrad Region Special Administrative District. The entity will be known as IPJSC NTK. N-Tech.Lab LTD owns NtechLab’s main operational legal entity in Russia – NTech Lab LLC, which is a world

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