News

Afghanistan Negotiating With Russia To Use Own Currencies In Bilateral Trade

Commonwealth of Independent States, Economy, Finance, Infrastructure, Investment, Trade

In encouraging signs that Afghanistan’s trade and investment potential is improving, the Taliban administration is holding advanced negotiations with Russia to allow banks from both countries, both of which are heavily sanctioned in the West, to handle trade worth hundreds of millions of dollars using their own currencies. Afghanistan’s acting commerce minister, Haji Nooruddin Azizi, […]

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Russia Tax Incentivizes The Use Of Domestic-Built Taxis

China, Investment, Regulatory, Russian Market

Russian President Vladimir Putin has signed a new law promoting the local production of taxicabs used in the country. According to the legislation, Russian passenger cars would have to meet two conditions in order to be included in the taxi registry: either score a sufficient number of localization points or be produced under a special

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Russia To Assist Central African Republic In Veterinary Drugs, Vaccines & Infrastructure

Africa, Agriculture, Exports, Trade

Russia plans to supply veterinary drugs and vaccines to the Central African Republic (CAR) and may assist in building a modern animal slaughter facility in the country, according to Konstantin Savenkov, the deputy head of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), and Hassan Bouba, the CAR Livestock and Veterinary Medicine Minister.

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Algeria Becomes A Member Of The BRICS New Development Bank

Africa, BRICS, Economy, Finance, Trade

Algeria has officially become a member of the New Development Bank (NDB), a financial institution created by the BRICS group of countries. The bank’s press office announced this on Thursday, May 22. “Algeria plays an important role not only in the North African economy, but also at the global level and will certainly contribute to

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Russia reduces import dependence on feed additives from China

Agriculture, China, Investment, Russian Market

In the city of Blagoveshchensk, Republic of Bashkortostan, Russia’s first production line for iron sulfate monohydrate, a key component for agriculture and agrochemicals, has begun operation. The project was implemented by Blagoveshchensk TOR resident, Russian Couper Company LLC, with financial support from the Industrial Development Fund (IDF). Iron sulphate monohydrate is in agricultural demand as

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Russia, Bahrain, Discuss Oil Energy Stability And OPEC+ Production Agreements

Energy, Exports, Investment, Middle East, Security, Trade

Russian Deputy Prime Minister Alexander Novak and Bahrain’s Oil and Environment Minister Mohamed bin Mubarak Bin Dainah have been discussing cooperation under the OPEC+ agreement, with eyes on production guarantees for ensuring the stability and predictability of the world oil market. They have agreed to coordinate relations in this area, in response to Western sanctions

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Russia To Restructure Shipping Registry Laws

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

Russia intends to develop new approaches to registration of vessels of domestic companies under foreign flags, according to Vitaly Klyuev, director of the Department of State Policy of Maritime and River Transport at the Russian Ministry of Transport. He was speaking at the XIII St. Petersburg International Law conference. Klyuev pointed out that the UN

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Russia – China Cross-Border Cable Car To Open Next Year

China, Infrastructure, Investment, Trade

The world’s first cross-border cableway, which will connect Russia and China and stretch across the Amur (Heilongjiang) river, will cost more than ₽13 billion (US$164 million) according to the latest projections, according to Ekaterina Kuzmina, the CEO of the Agency for the Development of Project Initiatives (ARPI). Kuzmina said that “Right now, the total project

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Russia Keen To See INSTC Rail Network Extend Into Africa

Africa, Infrastructure, Investment, Logistics & Transport, Trade

Russian Railways (RZD) sees potential to extend the International North-South Transport Corridor (INSTC) to Africa and is also studying railway projects in a number of African countries, RZD first deputy CEO Sergei Pavlov has stated. He was speaking at the State Duma during a meeting of the expert council for the development and support of

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Russia, Armenia Bilateral Relations: 2025 Update

Eurasian Economic Union, Investment, Security, Trade

The Russian Foreign Minister, Sergey Lavrov has been visiting Yerevan at the invitation of the Ararat Mirzoyan, the Armenian Minister of Foreign Affairs. During the talks held at the Armenian Foreign Ministry, they discussed a wide range of issues related to the development of bilateral cooperation, interaction within the Eurasian integration associations, and coordination at

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