A top executive at Russia’s largest bank has said he sees a growing role for the Indian rupee in the country. Aleksandr Vedyakhin, the first deputy chairman of the board of Sber, has stated that the Indian currency is popular with the bank’s individual and business clients. He said, “In Russia, Sber allows you to make transactions in rupees, […]
Russia is open for constructive cooperation and broader business contacts with Japan, according to Nikolay Nozdrev, the Russian Ambassador in Tokyo, who stated, “We are open to constructive and mutually respectful cooperation with Japan, our neighbour with whom we are linked not just by economic potential, but also by the people’s mutual interest in closer ties.” He said
Update: 11th June 2025The Russian President, Vladimir Putin has extended a ban on Russian oil companies selling their products at the price cap issued by the EU yesterday. It prohibits the sale of Russian oil and petroleum products to foreign legal entities and individuals if contracts stipulate the terms and conditions of the price cap set
New EU Sanctions: Dangerous Ground For Brussels? Read More »
As part of the recently concluded 16th International Economic Forum “Russia – Islamic World: KazanForum 2025,” a panel discussion was held on the “International North-South Transport Corridor” (INSTC). Deputy Prime Minister Vitaly Savelyev, the Special Representative of the President for the Development of the INSTC, took part in the discussions. The session also involved Russian Deputy Prime
Astrakhan Port’s INSTC Integration Into Global Markets: Updates Read More »
Iran’s Minister of Roads and Urban Development Farzaneh Sadeghi and Russia’s Minister of Transport Roman Starovoit signed an agreement on the development of transport and transit cooperation for 2025. The core element of the agreement, signed in Tehran on February 18, is the completion of the long-delayed Rasht-Astara railway in Iran with Russia’s assistance, according to Iran’s
The Russia, Iran INSTC Transit Roadmap Through to South Asia: Updates Read More »
North Korea has completed renovations to a train station on the Tumen River, located just across the border from Russia, with a groundbreaking ceremony held on Tuesday, the official North Korean newspaper Rodong Sinmun has reported. Located in Rason, a special economic zone bordering Russia, the station is directly linked to Russia’s Khasan station in
The Russian Foreign Minister, Sergey Lavrov, has met Sergey Melikov, the Head of the Republic of Dagestan in Moscow. Dagestan is an autonomous Republic within the Russian Federation, and a primarily Muslim region. Lavrov stated that “Muslims from Dagestan and Russia are making an important contribution to keeping centuries-old traditions of Islam and strengthening spiritual
According to forecasts by the Association of Exporters and Importers (AEI) of Russia, significant growth in export cargo flows through the port of Novorossiysk in the Krasnodar Territory is expected by 2030. The volume of exports could reach 250 million tons per year. To cope with the existing shortage of port throughput capacity, several initiatives
Novorossiysk Seaport To Expand Throughput Capacity to 250 Million Tons by 2030 Read More »
The board of governors of the BRICS New Development Bank (NDB) has given its consent in principle for Uzbekistan to join the bank, according to Uzbekistan’s presidential press service. Uzbek President Shavkat Mirziyoyev and BRICS New Development Bank Governor Dilma Rousseff have discussed developing collaboration and the prospects for Uzbekistan to join the NDB. Uzbekistan’s
Uzbekistan Expected To Join BRICS New Development Bank Read More »
A river freight route connecting the city of Tongjiang in northeastern China’s Heilongjiang Province with Russia’s Khabarovsk was launched this week, according to the Chinese Xinhua News Agency. Two barges powered by the Longtui-610 tugboat left the Tongjiang River port and sailed to Khabarovsk along the Sungari (Songhuajian) and Amur (Heilongjiang) rivers, which marks the
River Freight Service Launched Between Russia’s Khabarovsk and China’s Tongjiang Read More »
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