Investments made – mainly by manufacturing businesses – rose by 76% in 2023 to hit ₽261 billion (US$2.8 billion) according to the Russian Association of Industrial Parks (AIP). Only confirmed investments on completed projects — were taken into account, with the volume the highest in ten years. AIP Director Denis Zhuravsky has said that the […]
Investment In Russia’s Industrial Parks Grows 76% Read More »
Russia and Azerbaijan have intensified work on the development of different segments of the International North-South Transport Corridor (INSTC), according to Alexander Sitov, the First Deputy Chairman of the Committee on Industrial Policy, Innovation and Trade of St. Petersburg, speaking in Baku. “There are several segments of cooperation with Azerbaijan regarding the activation of the
The International Monetary Fund (IMF) has raised its outlook for Russian GDP growth in 2024 to 3.2% from the 2.6% it was predicting in January, it said in its April World Economic Outlook update, published on Tuesday (April 16). The IMF forecast is above the 2.2% growth the Russian Economic Development Ministry and 1.0%-2.0% that
IMF Raises Russia’s 2024 GDP Growth Outlook To 3.2% Read More »
Russia is increasingly been seen as a protective responsible power as an alternative to France, the old colonial power in Africa. Following French withdrawal from Niger and Mali, Algeria has joined the exodus of leaving Paris for Moscow ties. The two countries have signed a security cooperation agreement on a variety of issues, including fighting
Russia, Algeria Sign Trade and Security Partnership Agreements Read More »
The Arctic, endowed with significant resource wealth, is envisioned as an advantageous multimodal transportation link that presently enables a connection between the Asia-Pacific and European regions. Legal issues surrounding the Arctic’s jurisdiction provoke contention over rights to these lands, drawing in not just the circumjacent sovereign states but also nations keen on making inroads into
Northern Sea Route To Be A Major Part Of The Belt & Road Initiative Read More »
Our much-praised Russia’s Pivot To Asia PDF Guide is now available for download. This comprehensive book contains details of Russia’s trade and development with over 80 countries as well as analysis on new supply chain routes, trade agreements, and Russia’s involvement with the BRICS, EAEU, SCO and Belt & Road Initiative. Contents include: Russia &
The Ethiopian Ambassador to Russia, Cham Ugala Uriat has said that the BRICS members should work together to strengthen their economies, and create an alternative international monetary system, including an alternative to the International Monetary Fund (IMF). He specifically stated that the Shanghai-based New Development Bank (NDB), established by the BRICS states and opened for
Ethiopia Calls For Alternative BRICS Monetary System Read More »
The sanctions imposed by the United States, which aimed to disrupt Russia’s military capabilities by limiting its access to advanced chips are only having limited results. While Russian entities can no longer get chips directly from American, European, Japanese, and Taiwanese companies, Russia continues to obtain advanced processors mainly through indirect channels, primarily involving Chinese
89% Of Microchips Exported To Russia Come From China Read More »
The first shipment of Russian pork has been delivered to the Chinese market according to Miratorg, the first company to begin deliveries after China lifted restrictions on Russian pork imports last September. China is the world’s largest importer of the meat, worth some US$4.5 billion annually. It is a prized market for global pork producers,
First Shipment Of Russian Pork Delivered To China Read More »
In many ways Russia and Iran find themselves in a similar geo-strategic position. Both are heavily sanctioned by the West and pursue a set of policies which aim at bolstering their respective influence on their regional, if not global stage. They also work to diminish the collective West’s ability to shape the world order and
Russia and Iran: The Trade and Investment Dynamics Amid A Potential Regional War Read More »
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