News

Russia’s Digital Financial Assets Grew Fourfold In 2024

Economy, Finance, Infrastructure, Russian Market, Trade

Russia’s digital financial assets market grew more than 4 times in 2024, according to the Russian ACRA credit rating agency. Although still developing and partially hampered by sanctions, the overall trend is positive, with holdings up to ₽150 billion by the end of last year. According to ACRA’s estimates, digital financial instruments in Russia have […]

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Can Russia And BRICS Produce A DeepSeek And Overtake ChatGPT?

BRICS, China, Economy, Infrastructure, Russian Market

US stocks lost over US$1 trillion overnight (January 27) as China’s High Flyer, a Hedge Fund in Hangzhou, launched its Chinese chatbot, named ‘Deepseek’. The app appears to offer the same facilities as the US developed OpenAI and its ChatGPT tool, and the same performance but with fewer resources. Deepseek has already overtaken ChatGPT as

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China – Shanghai Cooperation Organisation Demo Zone TIR Shipments Increase

China, Eurasian Economic Union, Infrastructure, Logistics & Transport, Shanghai Cooperation Organisation

The China-SCO Regional Trade and Economic Cooperation Demonstration Zone (China-SCOZ), which is based in China’s Qingdao Port in its Eastern Shandong Province, has been testing shipments to other Shanghai Cooperation Organisation (SCO) countries. By the end of 2024, the number of shipments of trucks utilizing the TIR system reached 283, according to Qingdao Customs. The

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Eurasian Economic Union Adopting Intelligent Transport Systems

Eurasian Economic Union, Infrastructure, Logistics & Transport, Trade

The Council of the Eurasian Economic Commission has approved a concept for improving the interaction of intelligent transport systems of the Eurasian Economic Union (EAEU). The EAEU includes Russia, as well as Armenia, Belarus, Kazakhstan and Kyrgyzstan. It has free trade agreements with China, Serbia, Iran, and Vietnam and is negotiating numerous others, including with

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Russian tourism to Vietnam up by 85%

Asia, Economy

According to the Russian Union of Travel Industry press service, “Tourism to Vietnam increased by 85% in 2024; tour operators included this destination in the top 10 this winter. But a return to the pre-pandemic (2019) figures is hampered by the limited number of direct flights: flights from Moscow are only to Ho Chi Minh,

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2025 Russian Trade Growth To Be With ASEAN

Economy, Latin America, Trade

Russia is still actively in the process of refocusing its exports to the East and Global South.Trade with China and India has largely stabilized and the pace of its growth will slow, while new markets need to be developed, primarily exports to ASEAN countries, Russian Deputy Economic Development Minister Vladimir Ilyichev said recently in an

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EAEU-India FTA To Be Negotiated In 2025

Eurasian Economic Union, India, Trade

The Eurasian Economic Union (EAEU) may launch negotiations on a free trade agreement (FTA) with India in 2025. Deputy Economic Development Minister Vladimir Ilichev said that “this discussion has been ongoing for a long time. Moreover, on our side, at the EAEU level, all necessary decisions to begin negotiations have already been made. By the

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Rostselmash To Target Iran, Africa Exports in 2025

Africa, Agriculture, Exports

Russia’s Rostselmash plans to expand exports to Iran and more African countries in 2025. Rostselmash is one of the largest global designers and makers of purpose-designed machines. The company has its own research and technology center, experimental facilities, modern production sites with complete manufacturing cycles. In the words of Konstantin Babkin, co-owner of Rostselmash “We

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India Chooses: Independent Sovereign Policies

Energy, Exports, Finance, India, Trade

India has permitted the Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to the Indian ship regulator’s website, as New Delhi desires a reliable and steady supply of Russian oil in spite of the latest escalation of U.S. sanctions. Taking matters a step further, India has extended the

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Russia Terminates Japan Centers

Asia, Infrastructure, Regulatory, Trade

The Russian Ministry of Foreign Affairs said it has notified Tokyo of the termination of memoranda between the two countries that set up Japanese centers in Russia. The Japan Centers in Russia were six Japanese government-supported institutions designed to transfer Japanese experience and new technologies to Russian entrepreneurs, as well as to train personnel who

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RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»