News

Dollar

Russian De-Dollarisation Has Increased To 79.8%; Trade With The West Declines To 15% Of The 2024 Total

Economy, Finance, Russian Market, Trade

The policy of de-dollarizing the Russian economy has been boosted over the past three years, mainly as an obvious reaction to US dollar sanctions being placed upon the country. Russian Deputy Prime Minister Alexei Overchuk said at the Federation Council that Russia has effectively completed a transition to settlements in national currencies: by the end

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Arctic

Russian Arctic Needs To Be Integrated Into National Transport Infrastructure

Asia, China, Infrastructure, Investment, Russian Market, Trade

In order to maximise the potential of the Northern Sea Route (NSR) and develop it into one of Russia’s key transport lanes, Russia’s Arctic seaports need to be integrated with Russia’s railway and road shipping infrastructure and inland waterways, according to Nikolai Patrushev, Russian presidential aide and the Chairman of Russia’s Maritime Board. Speaking at

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Mongolia

Two More Russia-Mongolia Border Logistics Terminals To Be Built In Buryatia  

Asia, China, Eurasian Economic Union, Exports, Imports, Infrastructure, Logistics & Transport, Trade

Two more logistics terminals will be built on the Russian border of Buryatia with Mongolia: one near the Naushki railway checkpoint, the second near the Kyakhta checkpoint, according to the Kyakhtinsky government. The construction projects will begin immediately, and should be completed by 2027. The local newspaper stated that Andrey Fomin, the head of the

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India

Russia-Indian Mutual Tourist Flows Could Hit 450,000 In 2025

BRICS, India, Infrastructure, Trade

The Indian Embassy in Moscow has stated that during 2024, the number of Indian tourists visiting Russia exceeded 120,000 people, and added that “If this trend continues, the mutual tourist flow can potentially surpass 450,000 for 2025.” In 2023, around 60,000 Indians visited Russia, while an estimated 160,000 Russians travelled to India – more than

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Africa

Russia Establishes New African Cargo Shipping Line

Africa, BRICS, Exports, Imports, Infrastructure, Logistics & Transport, Trade

Russia’s JSC A7 Holdings, wholly owned by former FESCO co-owner and Board Chairman Andrei Severilov, has founded a new legal entity in the freight transportation sector. According to the Russian Unified State Register of Legal Entities, A7 African Cargo Lines LLC (A7 ACL, Moscow) was registered on April 17 with an initial charter capital of

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Philippines

The Philippines Agrees To Import Russian Beef

Agriculture, Asia, Exports

The Philippines has authorized supplies of beef and cattle by-products from Russia, Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has said. It is the first time that Russia will have exported beef to the country. Rosselkhoznadzor said that “As result of our work to open new foreign markets, with active participation from the

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Iran

Russia, Iran 2025 Relations: Update

BRICS, Investment, Middle East, Security, Shanghai Cooperation Organisation, Trade

The Iranian Foreign Minister, Abbas Araghchi has been visiting Moscow and has met with both President Putin and Russia’s Foreign Minister, Sergey Lavrov. Apart from mediating in the proposed United States-Iran nuclear agreement, the two sides also held extensive discussions concerning Russia-Iran bilateral relations. Following these, Lavrov held a press conference to describe the latest

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Qatar Flag

Russia, Qatar Sign US$2 Billion Investment Fund Deal  

Exports, Finance, Imports, Investment, Middle East, Trade

Russia and Qatar have signed an agreement to establish a new US$2 billion investment platform aimed at strengthening economic ties and boosting bilateral cooperation. The deal was signed on Thursday (April 17) following talks in Moscow between Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani, who was in Russia on

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Qatar

Russia, Qatar Heads of State Discuss Israel and Syria Conflicts 

Middle East, Security

Russian President Vladimir Putin met with Qatari Emir Sheikh Tamim bin Hamad Al Thani in Moscow on Thursday (April 17) to discuss regional security issues in the Middle East, focusing on the Israeli-Palestinian conflict and the situation in Syria. The visit marked Al Thani’s first official trip to Russia since 2018. Palestine Both leaders expressed

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