Latest updates, insights, and analysis.
Italian white goods household equipment manufacturer Ariston has announced its return to Russia after exiting the market in 2022, according to a company statement. Ariston has become the first major Western brand to announce a return, after Russian President Vladimir Putin signed a decree on Wednesday (March 26) removing the Ariston’s subsidiary in Russia from […]
South Korea’s LG Electronics has carried out a test restart of its manufacturing plant in Ruza, near Moscow, which produces washing machines and refrigerators. The facility has been closed since operations were suspended in 2022 due to Ukraine conflict-related Western sanctions. LG halted all deliveries to Russia and suspended operations shortly after the escalation of […]
The Comoros has agreed to the establishment of a Russian diplomatic mission in its capital, Moroni, according to its Foreign Ministry. The Comorian government has welcomed the move as an opportunity to strengthen bilateral relations with Moscow, according to a letter addressed to the Russian mission in neighboring Madagascar. The letter stated “The government of […]
The Russian Culture Minister Olga Lyubimova has said that Russia and China are planning to adopt an action plan in collaborative filmmaking and approve specific ideas for co-produced films, saying that “Our goal is to approve specific ideas for co-produced films, which would not only attract a large audience in Russia and China, but will […]
Russia’s electric scooter and bike-sharing service Whoosh and China’s Segway-Ninebot have agreed on a strategic partnership to develop the next generation of e-scooters for sharing services, according to Whoosh. The project calls for the joint contribution of the latest know-how and engineering solutions to create a new scooter engineering platform. Whoosh will be responsible for […]
A Cuban delegation is in Moscow to discuss energy and other trade and investment issues pending a visit by the Cuban President, Miguel Diaz-Canel to Moscow in May. The delegation was headed by Esteban Laso Hernández, President of the National Assembly of People’s Power and the State Council of the Republic. He arrived in Russia […]
The Russian Direct Investment Fund (RDIF) has proposed creating a new investment fund together with Russian and international development institutions, banks, pension funds and foreign partners to support the implementation of projects in the Arctic, according to Kirill Dmitriev, the RDIF CEO, and Russian Special Representative for Investment and Economic Cooperation with Foreign Countries. He […]
Russia’s Damate Group has become the first Russian turkey meat producer to receive approval for exporting its products to Singapore, the company has said in a press release. The move is of note for two reasons, firstly the continuing drive by Russian producers in searching for new export markets, as the pivot to Asia continues, […]
The Russian Republic of Tatarstan has exported its first shipment of table oats to China, the local branch of the Federal Center for Assessment of Agricultural Product Safety and Quality (TsOK APK) has said. Polina Azarenko, of the Centre stated that “The experts of the TsOK APK branch’s testing laboratory for the first time tested […]
Russian and Chinese logisticians have been discussing the future development of the bilateral container market, with the first Russian-Chinese Logistics Conference held in Moscow last week as a side event to the TransRussia exhibition. Organised with the support of the general sponsor, Neptune Logistics Group, the Russia-China event was attended by more than 300 delegates […]
Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special […]
Russia supplied 11,600 tonnes of pork products to China between January 1 and March 21, according to Sergei Dankvert, head of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor). However, Danvert made some interesting statements about the type of products being exported, and the reasons for this, saying that Russia’s role in pork […]
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