Latest updates, insights, and analysis.
Russia’s Arkhangelsk Port and the Chinese NewNew Shipping Company have agreed an MoU on the volumes of shipping the maritime services provider will utilise along the Northern Sea Route this year. It will be an increase on last years 14 voyages.
Huge warehousing and logistics facilities are being built in Russia’s Far East Primorye region, with the Logopark Primorye company, an investor in the Primorye Priority Development Area, investing over US$64 million to build 89,000 square metres of facilities for the storage, processing, and distribution of goods. China is a primary market.
Russia is to upgrade and extend the Khabarovsk Highway to include a specific Bolshoy Ussuri Island exit that will lead directly to the border crossing in China. The checkpoint will be fully operational in 2028 and will be able to process 250 trucks, 50 buses, and 100 passenger cars per day, with a total annual cargo turnover of 1.3 million tonnes. At present the crossing is conducted by ferry across the Amur River.
Russia’s RZD Logistics are reporting an easing of rail transport problems along the INSTC and are saying that trains servicing the routes via Iran are now being booked for the March and April.
The Russian Foreign Minister Sergey Lavrov has met with the Ambassadors of all of the ASEAN countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, in Moscow. They discussed improving Russia’s multilateral trade with the bloc as well as developing relations between ASEAN and BRICS, the Eurasian Economic Union and Shanghai Cooperation Organisation.
Belarus is starting to become another air corridor to the Far East as Belarus introduces thrice-weekly direct flights to Nha Trang in Vietnam, a popular coastal resort on the South China Sea.
Russia has delivered 29 tons of humanitarian aid to Mozambique, sent via the huge Ilyushin IL-76 transport aircraft. The airlift delivered food supplies, essential items, as well as tents and blankets for the population affected by flooding in Mozambique.
The Russian domestic consumer market can expect supply chain difficulties due to the United States and Israeli attacks on Iran. We explain the developing logistics bottlenecks, which products are likely to be impacted and expected price rises.
India is discussing increasing the supplies of fertilizer from Russia as imports from the Middle East have ceased and China has also prohibited exports. The Indian summer crop planting season has begun and lasts through until the start of the June monsoon season, meaning the situation is becoming time critical.
Russia’s agricultural exports to Uzbekistan rose 19% last year, with sugar amongst the best performing items. Russian chocolate, soybean meal, sunflower oil and margarine all showed signifcant increases.
Russian is to be taught as the primary second language after Cuban Spanish in Cuba to better prepare students for engagement with Russian tourists and further Russian education possibilities in the country. It is one of several nations enaging more with Russian language to encourage trade, tourism and investment ties.
The St.Petersburg International Mercantile Exchange (SPIMEX) has established a Representative Office in Beijing to assist develop Russia-China commodities trade. It has already signed cooperation agreements with various Chinese exchanges in Shanghai, Qingdao and Xinjiang. SPIMEX trades in oil and petroleum products, petrochemicals, gas, coal, timber, metals, construction materials, agricultural products, and mineral fertilizers.
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