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Arkhangelsk-Shanghai To Become A Regular Northern Sea Route Service

China, Logistics & Transport, Trade

China’s Yangpu Newnew Shipping plans to make 10-12 shipping runs from Shanghai to Arkhangelsk along the Northern Sea Route (NSR) in 2024, according to the government of the Arkhangelsk region. Alexander Tsybulsky, Arkhangelsk Regional head, and Tsetsen Goryaev, the General Director of the Arkhangelsk Commercial Sea Port and Elena Maximova, the General Director of Torgmall […]

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Using The Interest On Russian Assets For Ukraine: The Details and Implications

Economy, Finance

The European Union has approved the use of Russian financial assets, currently frozen in the Belgian Euroclear account, to be sent to the “European Peace Fund” (EPF) – a body established in the EU to send funds for munitions to Ukraine. In this article we examine the agreement and the implications. Deal Structure The Russian

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Russia Aims For 50% Domestic Passenger Aircraft Fleet By 2030

Infrastructure, Logistics & Transport

As we discussed yesterday, Russian President Vladimir Putin has signed a decree on Russia’s National Development Goals to 2030. This includes increasing the share of domestically produced aircraft in Russian airline fleets to at least 50%. “To set the following targets and tasks – Increasing the aviation mobility of the population by at least 50%

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Putin’s Presidential Inauguration Speech: National Development Plans & Russia To Become World’s Fourth Largest Economy By 2030

Economy, Investment

The Russian President Vladimir Putin made a comprehensive speech during his inauguration ceremony in the Kremlin, focusing on Russia’s future and its national strategic development plans. We summarise these and provide a link to the complete text below. Russian Priorities Amid the rapid changes in the world, Russia “must be self-sufficient and competitive,” open new

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Russia’s Aurus Luxury Auto Brand Takes Over Toyota’s St.Petersburg Production Plant

China, Investment, Trade

In another indication of how Western sanctions have spurred Russia’s domestic industries, a St. Petersburg-based plant formerly belonging to Japanese automaker Toyota has been transferred to Russian high-end carmaker Aurus, according to Denis Manturov, Russia’s acting Minister of Industry and Trade. Production of Aurus cars at the plant will start before the end of 2024.

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First Agroexpress Chelyabinsk Freight Train Leaves For Chengdu

BRICS, China, Infrastructure, Logistics & Transport, Trade

The Yuzhnouralsky Dry Port and Rusagrotek LLC have sent the first container train with agricultural products from Chelyabinsk to Zabaikalsk, one of the China border crossings. The train will proceed to Chengdu in China’s Sichuan Province, with the total travel time estimated at 14 days. The train consists of 70 forty-foot containers. The route was

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Indian Imports Of Metallurgical Coal From Russia Grows To 21% Of Total

BRICS, Energy, India, Trade

Imports of metallurgical coal from Russia have grown three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices – while the same imports from Australia have declined, according to Indian research firm Big Mint. Russia’s share in India’s metallurgical coal imports of 73.2 million tonnes has risen

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