Latest updates, insights, and analysis.
Russia and Mongolia are planning to update the plans to develop railway and roadway transport corridors by the end of the year, Russia’s Deputy Transport Minister, Alexei Shilo, has said. Shilo was meeting with Batmunkh Nasantogtokh, the State Secretary of the Mongolian Ministry of Roads and Transport. They formalized the agreements at this week’s meeting […]
Russia and China boosted their mutual agricultural trade by 15% in the eight months between January and September this year, the Russian Agriculture Ministry has stated, following discussions between Russian Agriculture Minister Oksana Lut and Chinese Agriculture and Rural Affairs Minister Han Jun. Russian agricultural exports to China increased by 10% and consisted mostly of […]
Russia’s Lukoil, which was sanctioned by the United States last week, has responded by selling its overseas assets to the Gunvor Group, based in Switzerland. Gunvor is among the world’s largest oil traders, 85% owned by Swedish billionaire Torbjörn Törnqvist. The remaining equity is held by its employees. Lukoil is Russia’s second-largest oil producer, accounting […]
The agreement between Russia and Jordan mutually waiving visa requirements for citizens of the two countries is to come into effect from December 13, the Russian Foreign Ministry has stated. Russian citizens will be able to travel to and stay in Jordan without having to apply for visas for 30 days, provided that they do […]
Russia is to launch a pilot engineering education program in Burkina Faso by late 2025, Deputy Energy Minister Roman Marshavin announced on Thursday (October 30). He was speaking at the Russia-Africa Raw Materials Dialogue in St. Petersburg and said that the initiative is intended to build local technical capacity and support long-term energy sovereignty in […]
Alexey Overchuk, Russia’s Deputy Chairman, has been speaking at the East Asia Summit in Kuala Lumpur this week and has identified logistics as a key driver in developing Russia–ASEAN regional trade. Overchuk stated, “Given its geographical location and colossal transit potential, Russia invests in global transport connectivity through the development of transport corridors connecting Eurasia […]
Russia’s multinational forestry industry, the Segezha Group will begin supplying its products to Mexico, with the first contract for supplying plywood concluded this week at the Mexican Construction and Furniture Industry Expo (CIHAC) the Segezha Group has said. This is the first time it has exported its products to the Mexican market. Plywood is used […]
India and Russia have committed to a new aircraft production partnership, with India’s state-backed Hindustan Aeronautics Limited (HAL) signing a memorandum of understanding with Russia’s PJSC United Aircraft Corporation (UAC) to produce civil commuter SJ-100 aircraft, the companies have announced. The Superjet SJ-100 is a twin-engine, narrow-body Russian regional passenger aircraft already in commercial service, […]
The Chinese-owned Angel Yeast Rus LLC, a subsidiary of China’s Angel Yeast, will invest over ₽11 billion (US$137.2 million) in constructing the third stage of a yeast production facility in the Lipetsk region, the regional government has announced. An agreement was signed by Lipetsk region Governor Igor Artamonov and Angel Yeast’s CEO, Ming Hua Xiao, […]
Japan will continue importing Russian liquefied natural gas (LNG) despite pressure to halt purchases, Japanese Prime Minister Sanae Takaichi told US President Donald Trump on Tuesday. Trump was visiting Tokyo as part of a broader Asia tour and urged Japan to suspend Russian energy imports. The new Japanese prime minister, however, emphasized Japan’s own energy […]
Indian Oil Corporation (IOC), a state-owned oil and gas company, has stated it will continue to buy Russian crude as long as it does not violate US sanctions, the companies Finance Director, Anuj Jain, has stated. He added that the company maintains a database of sanctioned entities and will continue to source oil from non-sanctioned […]
The cost of transporting a 40-foot container on the Shanghai—Moscow route, despite an increase in October this year, remains at a five-year minimum—at US$5,300, according to the Centre for Price Indices estimates. However, rates for the Russian Federation remain more expensive than for China delivery to the European Baltic States ports and to Finland at […]
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