News

Russia, Slovakia Discuss Gas Supplies in Wake of EU Ban

Gazprom CEO Alexei Miller has discussed Russian gas supplies to Slovakia with SPP CEO Vojtech Ferenc. SPP is Slovakia’s largest natural gas supplier, engaged in gas and electricity trading, transportation, and storage. Slovakia owns 100% of the company’s shares. As we reported earlier, the European Commission has proposed ending Russian gas supplies to member countries […]

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BRICS Energy Alliance Launches Petro-Yuan Contracts To Minimise US Dollar Usage

BRICS, China, Energy, Exports, Finance, Trade

The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets. The BRICS controls 46 million barrels per day of oil production and is implementing BRICS plus currency shift mechanisms through Yuan-denominated contracts, Indian Rupee – Russian Ruble swaps,

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European Commission Bends Its Own Rules To Exclude Members From Opposing Russian Gas Ban

Exports, Infrastructure, Security, Trade

The European Commission is preparing to ban new gas supplies with Russia, which includes the banning the signing of any new contracts with pertinent gas suppliers with immediate effect, and terminating all longer-term contracts by January 1, 2028. However, this initiative is planned to be implemented in such a way as to avoid the possibility

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North Korea To Send Thousands Of Engineers To Russia To Reconstruct Kursk

Asia, Imports, Infrastructure, Russia's Belt & Road, Russian Market, Security, Trade

North Korea will send thousands of engineers and military personnel to Russia’s Kursk Region to assist in demining operations and reconstruction efforts, Russian Security Council Secretary Sergey Shoigu said on Tuesday (June 17). He has been in Pyongyang to discuss investment and security issues with the North Korean leader, Kim Jong-un. North Korean troops fought

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Airbus & Boeing Out, Yakovlev In: Russian Airlines Order 200 MC-21

Infrastructure, Investment, Logistics & Transport, Russian Market

Russian Transport Minister Roman Starovoit has stated that Russian airlines are to sign contracts for 200 MS-21 aircraft, with the certification process for the aircraft already underway. He was speaking at the 2025 St. Petersburg International Economic Forum (SPIEF). Western aircraft manufacturers have lost the Russian market after Western countries imposed bans on aircraft from

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Kazakhstan To Sign Off Russian Nuclear Power Plant Deal

Commonwealth of Independent States, Energy, Infrastructure, Investment

A general contract with Rosatom to build a nuclear power plant in Kazakhstan will be signed after the conclusion of intergovernmental agreements to regulate bilateral cooperation and financing issues, according to the Kazakh Nuclear Energy Agency (NNC) They have stated that “This contract will be signed after the conclusion of intergovernmental agreements between Kazakhstan and

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Russia’s ‘New’ Danone Significantly Increases Production After Russian Takeover, Targets Middle East

Agriculture, Exports, Middle East, Trade

Russia’s H&N (Health & Nutrition), which incorporates the former assets of France’s Danone that exited Russia, increased its revenue 21.6% to over ₽140 billion (€1.54 billion) last year, while production grew 20.6% to nearly 950,000 tonnes. Danone, which had operated successfully in Russia for over 30 years, completed its Russian business sale to Vamin R LLC of Tatarstan

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Russia’s VTB Finalizing Legal Integration With Crimea’s National Commercial Bank

Economy, Finance, Russian Market

Russia’s VTB bank, the second largest in Russia, has finalized the legal merger of Crimea’s largest bank, the Russian National Commercial Bank, (RNCB), with integration procedures to be completed by the end of 2025, according to VTB CEO Andrei Kostin. He stated that “Completing RNCB’s integration is not just a technical step. We hold RNCB

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Russia Looking To Export High-Speed Rail Technology To The Commonwealth Of Independent States: Implications

China, Commonwealth of Independent States, Eurasian Economic Union, Exports, India, Infrastructure, Investment, Logistics & Transport, Russia's Belt & Road

Foreign transport companies, including those from the CIS countries, are showing great interest in studying Russia’s approaches to building the country’s first high-speed railway (HSR), according to Russian Transport Minister Roman Starovoit. Russia is preparing to build an HSR between Moscow and St. Petersburg. Starovit said that “The subject of the high-speed railway is a

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Russia, Turkmenistan Trade Up 58% In 2025

Commonwealth of Independent States, Exports, Imports, Infrastructure, Trade

Turkmenistan’s Deputy Prime Minister Khojamyrat Geldimyradov has stated during the Russian National Day celebrations (June 12) at the Russian embassy in Ashgabat, that Russia is a key trade partner of Turkmenistan with 2024 bilateral trade exceeding US$1.6 billion. He said that bilateral trade grew 58% between January and May this year alone. If maintained, that

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