Last week, the United States and European Union allowed the sending of interest earned from Russia’s frozen capital in the EU to Ukraine. This was intended to help Ukraine pay off a loan of US$20 billion it has secured from the West, and is an issue we discussed in some detail here. Both US […]
Russia’s State-Owned Direct Investment Fund (RDIF) has announced the launch of a strategic alliance within the BRICS to jointly develop Artificial Intelligence (AI), according to Kirill Dmitriev, the RDIF chief executive. RDIF’s government mandate is to make investments in high-growth sectors of the Russian economy, as well as co-invest alongside the world’s largest institutional investors,
Russia’s Sovereign Wealth Fund Invests In A BRICS+AI Alliance Read More »
Russia’s Baltika beer brand, which was sold to its Russian management team for US$320 million in December last year following Carlsberg’s exit from the Russian consumer market, have launched 11 new online stores on popular internet platforms in China, and plans to open a trading house in Shanghai by the end of 2024. Baltika Brewery
Russia’s Baltika Beer To Open A Trading House In Shanghai Read More »
Russia’s state energy giant Rosneft has agreed to supply up to 500,000 barrels a day of various crude oil grades, under a ten year contract, to Indian private refiner Reliance. Worth roughly US$13 billion a year at current prices, the energy deal is the biggest-ever between Moscow and New Delhi. Under the decade -long agreement,
Russia, India Agree Massive Ten Year Oil Refining Contract Read More »
Russia’s Uralchem Group has delivered a humanitarian shipment of 55,000 tonnes of fertiliser to Sri Lanka. The shipment arrived in Colombo on December 12, and has been handed to the Sri Lankan government for distribution to its agricultural sector. The country has faced agricultural shortages since a previous administration inexplicitly banned the importation of fertilizer
Russia has increased its exports of wheat to Africa by 35% in 10M this year, reaching over 21 million tonnes, according to the Russian Agriculture Ministry’s Agroexport center. Egypt, Algeria, and Kenya were the main importers of Russian wheat in Africa, but supplies also increased 6-fold to Morocco, and by 3.7 times to Nigeria. Of
Russia’s FESCO Transportation Group has established a marine container service between Novorossiysk and the Kenyan port of Mombasa on the East African coast. The first consignment of FESCO containers is already being loaded in Mombasa to ship Kenyan tea to Russia. The overall transit time between Mombasa and Novorossiysk is around 43 days. The bulk
Russia Launches Shipping Service Between Novorossiysk and Mombasa Read More »
The United States and European Union have green-lit a decision to pass interest earned by Russian securities frozen in the US and EU to Ukraine, to use in order to repay a US$20 billion loan. We examine the implications and the potential global fallout over this unprecedented financial development. The Total Amount Due The US
The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population
Eurasian Economic Union Reaches Agreement on Unified E-Commerce Read More »
Zimbabwe is looking for Russian assistance to build its own spaceport and send its first astronaut into orbit within the next decade, according to Painos Gweme, the director of Zimbabwe’s National Geospatial and Space Agency (ZINGSA). Gweme has stated that Zimbabwe has begun negotiations with Russia’s national spaceflight corporation, Roscosmos, about planned projects, including sending
Zimbabwe Wants Russian Assistance With African Space Programme Read More »
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