Latest updates, insights, and analysis.
The share of friendly countries in Russia’s foreign trade has increased from 46% to 82% over the past three years, including more than 85% of export deliveries now going to these countries, Russian Deputy Prime Minister Alexander Novak has stated. He was speaking at a government strategic meeting, “Training personnel in foreign economic activity to […]
Beijing has increased purchases of Russian metals, according to Chinese customs data. Chinese imports of Russian aluminium jumped nearly 56% year-on-year to almost one million tons between January and May, while copper purchases surged 66% and nickel imports more than doubled, according to the Chinese statistics. While Russia’s largest aluminium producers Rusal and Norilsk Nickel […]
Two Chinese airlines have introduced new direct routes to Vladivostok in the Russian Far East. They are a regional flight between Harbin, the Provincial capital of China’s northern Heilongjiang Province, which borders Russia, and flights from Shenyang, the Provincial capital of China’s eastern Liaoning Province. These flights will be operated by China Southern (Harbin) and […]
Russia’s Yantar Shipyard in Kaliningrad handed over the Tamal Frigate of Project 11356 to the Indian Navy. She is the fifth frigate build by the shipyard for India, according to the United Shipbuilding Corporation (USC), who own the facility, have stated. “The gala handover ceremony was held on July 1 in Kaliningrad. The frigate is […]
Africa has the potential to become a major market for Russian coal exports and could rank third after China and India in terms of supply volumes, according to Russian Deputy Energy Minister Dmitry Islamov. He noted that Africa’s population is expected to exceed 1 billion in the coming decades, positioning the continent as a major […]
Two more Russian companies have obtained the rights to export fish and fish products to Brazil. Russia’s agriculture watchdog Rosselkhoznadzor said that the rights were granted to Kamchattralflot LLC and Sadko LLC of Murmansk by decision of the Secretariat of Agricultural Protection of Brazil’s Ministry of Agriculture and Livestock. Rosselkhoznadzor will guarantee the delivery of […]
Russia has significant potential to increase agricultural exports to Saudi Arabia, with the total export potential of Russian agricultural products to the country estimated at US$1.4 billion by 2030, according to Ilya Ilyushin, Head of the Agroexport Federal Center. He was speaking at the Russian-Saudi GRAS Agro-Industrial Forum in Moscow on June 30. The GRAS Forum is the first-of-its-kind platform […]
China’s Xinjiang Sanbao Industrial Group is to purchase the bankrupt Tomskgeoneftegaz LLC, a small oil production company in the Tomsk region, for about ₽4 billion (US$51.2 million). Sanbao’s investments are expected to partially cover creditor claims after reaching a deal with the main creditor, the Kazakhstan collection agency Eagle LLP. According to its website, Xinjiang […]
Sberbank Insurance has obtained accreditation in India, according to its CEO Mikhail Volkov. He said that “As a universal insurance company, Sberbank Insurance seeks business development opportunities wherever possible. There are needs that stakeholders expect us to fulfill, such as products required for international trade operations. This isn’t a quick process. It involves complex, specialized […]
Flights between Russia and the Dominican Republic may resume in the upcoming winter season “if the necessary agreements are reached,” reports the Russian Ministry of Transport. This issue was discussed during a meeting between Deputy Foreign Minister for Economic Affairs and International Cooperation Hugo Rivera and Dominican Republic Ambassador to Russia Alejandro Arias Sarzuela with […]
The Russian Foreign Minister, Sergey Lavrov, has been on an official visit to Kyrgyzstan to meet with the Kyrgyz President Sadyr Japarov and Foreign Minister Jeenbek Kulubayev. He arrived at Cholpon-Ata, a resort town on the northern shore of Lake Issyk-Kul, where bilateral meetings were held, and the Council of Foreign Ministers of the Collective […]
With the pending Eurasian Economic Union – Mongolia Free Trade Agreement shortly to come into effect, another vehicle checkpoint is being upgraded on the Russia-Mongolia border, this one being at Tashanta, on the border of the Altai Republic with Tsagaannuur in Mongolia. The border crossing is part of the AH4 international highway, and will be […]
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