News

Russia’s VTB Bank Issue Twice Over-Subscribed, Rises 5% On First Days Trading

Economy, Finance, Investment, Russian Market, Trade

Russia’s VTB bank conducted a share issue on the Moscow Stock Exchange (MOEX: VTBR) on September 18, in the largest issuance in Russia for the past three years. It was also the largest share placement of a financial institution in Europe over the past 12 months. The issue generated considerable interest among stock market participants, […]

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Russia Looking At Auto Manufacturing In The Philippines

Asia, Investment, Logistics & Transport, Trade

The Russian Industry and Trade Minister, Alexei Gruzdev, has said that he considers the entry of Russian commercial vehicles into the Philippine market promising, with the possibility of Russian investors localizing production in the country to service the market. Russia’s GAZ auto is already making deliveries to the Philippines from its facility in Vietnam, he

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Japanese and Indian Investors In Sakhalin Oil & Gas Must Follow New Participation Regulations

Asia, Energy, Investment, Regulatory

The Russian Prime Minister, Mikhail Mishustin, signed Order 2559-r on September 18 stipulating that specific conditions must be met by Sodeco (Sakhalin Oil & Gas Development Co. Ltd., the shareholders of which are Japex, the government of Japan, Itochu, Marubeni, and Inpex) and India’s ONGC Videsh Limited. The updated criteria for participation in the Sakhalin-1

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Russia, Philippines Encouraging Participation In Nuclear, Oil and Gas Energy Sectors

Asia, Energy, Exports, Trade

The Russian-Philippines Commission on Trade and Economic Cooperation has been meeting, with , Russian Deputy Industry and Trade Minister Alexei Gruzdev saying that cooperation between Russia and the Philippines in the energy sector could become one of the drivers for the growth of trade turnover between the two countries. Gruzdev said “We see good prospects

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Russia, Iran, Discuss Gas Supply Volumes Higher Than Russia’s Supplies To Europe

Energy, Exports, Infrastructure, Investment, Middle East

The Russian Energy Minister Sergei Tsivilev, together with Gazprom CEO Alexei Miller have held meetings with Iranian President Masoud Pezeshkian and Oil Minister Mohsen Paknejad, together with delegations from both sides. They also met with the CEO of National Iranian Gas Company, Seyed Tavakoli. A strategic memorandum was signed with Gazprom in 2024 on exploring

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Uzbekistan Joins The Eurasian Development Bank

Central Asia, Eurasian Economic Union, Finance, Infrastructure, Investment, Trade

The Uzbekistan President, Shavkat Mirziyoyev has signed a decree for the country’s accession to the Eurasian Development Bank (EDB), with the country purchasing 777,777 shares in the EDB’s charter capital with a nominal value of US$1,000 each. Of these, 168,411 shares (21.7%) are paid-in, and 609,366 shares (78.3%) are to be paid upon demand. The

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Russia, Pakistan To Trade Wheat & Rice on the St. Petersburg Commodities Exchange

Agriculture, Asia, Exports, Finance, Imports, Infrastructure, Trade

The St. Petersburg International Mercantile Exchange (SPIMEX) and Pakistan-based KMAK Group have signed a memorandum of understanding on the development of exchange trading, SPIMEX has stated, following a meeting of the Russia-Pakistan Intergovernmental Commission for trade and investment. SPIMEX stated that “Wheat is being considered as the Russian export commodity for the first transactions, and

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Russia, Bahrain, To Discuss Double Tax Treaty

Energy, Finance, Investment, Middle East, Trade

The Russian Finance Ministry is to hold negotiations in response to a request from Bahrain to conclude a Double Tax Treaty Agreement (DTA), according to Deputy Finance Minister Alexei Sazanov. Bahrain made the request in June. DTAs are useful when trade, especially in services and investment, is developing between two countries when their respective tax

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Russia Starts Work On Europe’s Fastest And Largest Railway Network

Infrastructure, Investment, Logistics & Transport, Russia

Russia’s Prime Minister, Mikhail Mishustin, has announced plans for a massive high-speed rail (HSR) network. It is set to be the largest in Europe, spanning more than 4,500 km, and will use domestically built trains capable of reaching 400 kilometers per hour (kph). Mishustin said the new line will cut travel time between Moscow and

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Russia Wants To Produce Sunflower Oil In Egypt For Resale To African Markets

Africa, Agriculture, BRICS, Investment, Trade

Russia is interested in setting up production of sunflower oil in Egypt, with the issue raised during a Russian delegation’s visit to Cairo, according to Russian Deputy Prime Minister Alexei Overchuk, who led the delegation. He said that “We have very active cooperation in agriculture with Egypt, which buys ours, and we’re discussing setting up

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