News

LNG

Ukraine Turns Off Russian Gas Supplies To The EU On January 1. This Is What That Means.

Energy, Exports, Security, Trade

Ukraine has refused to continue acting as a European gas supply chain transit agent from Russia and is to terminate gas supplies to the EU from Russia from January 1st. Kiev’s contract with Gazprom finishes on December 31. Affected by this decision are the EU member states Austria, Hungary, and Slovakia which have long relied […]

Ukraine Turns Off Russian Gas Supplies To The EU On January 1. This Is What That Means. Read More »

Syria

New Syrian Regime Wants ‘Good Relations’ With Russia, No Planned Withdrawal

Middle East, Security, Trade

The new Syrian authorities, led by the country’s de facto leader Ahmed Hussein al-Sharaa, of the Islamists Hayat Tahrir-al-Sham (HTS) would like to remain on good terms with Russia, al-Sharaa has said, stating in an interview with local broadcaster Al Arabiya on Sunday (December 29) that his government would not necessarily be seeking the withdrawal

New Syrian Regime Wants ‘Good Relations’ With Russia, No Planned Withdrawal Read More »

rice

Russia’s 2024 Rice Harvest Up 17% To Reach A Record High

Agriculture, Asia, Exports, Russian Market, Trade

The Russian Ministry of Agriculture has stated that Russia has produced a record rice harvest this year, amounting to more than 1.2 million tons. This is 17% higher than for 2023. According to the Ministry, Russia now has 207,000 hectares of rice under production. Almost two-thirds of that is from Krasnodar, where the harvest amounted

Russia’s 2024 Rice Harvest Up 17% To Reach A Record High Read More »

Caspian EN COVER

New Russia’s Pivot To Asia Publication: “2025 Guide To The Caspian Sea”   

Commonwealth of Independent States, Eurasian Economic Union, Infrastructure, Logistics & Transport, Trade

Russia’s Pivot To Asia have published a short 2025 Guide to the Caspian Sea, in order to provide an update and overview on the multilateral operations of the North-South Transport Corridor, which links Russia to the Persian Gulf and Central Asia. The Caspian Sea is also a European Gateway to Central Asia.  We examine the

New Russia’s Pivot To Asia Publication: “2025 Guide To The Caspian Sea”    Read More »

Pasta

Mama Mia! Russian Pasta Exports Increase 31% In 2024

Agriculture, Exports, Trade

Russia’s Agroexport Center has said that Russian pasta manufacturers exported nearly U$150 million of pasta in 11M 2024, up 31% year-on-year, with shipments amounting to approximately 115,000 tonnes in physical terms. Russian food producers have turned to manufacturing pasta as imported supplies from Italy, as part of the EU, have dried up due to sanctions.

Mama Mia! Russian Pasta Exports Increase 31% In 2024 Read More »

Digital Ruble

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1 

Economy, Finance, Infrastructure, Russian Market, Trade

A total of 22 Russian banks have now signed agreements with the Russian Central Bank and are configuring their systems to participate in national Digital Ruble project, which is scheduled for mass-roll out by July 1st. They join Sberbank, T-Bank, Tochka Bank and twelve others that are already in the program for conducting transactions with

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1  Read More »

China T Bank

Russia’s T-Bank To Open Branches In Xi’an and Shanghai

China, Finance, Trade

Russia’s T-Bank (formally Tinkoff Bank) has revealed plans to establish branches in Shanghai and Xi’an. Currently, only Russia’s VTB branch operates in China, while Sberbank and Alfa Bank have announced plans to enter the Chinese market, but their opening has not yet been announced. However, the Chinese market is in demand, especially for providing services

Russia’s T-Bank To Open Branches In Xi’an and Shanghai Read More »

Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating

Asia, China, Imports, Russian Market, Trade

The Russian Union of Travel Industry (RUTI) has said that up to 2.5 million foreigners visited Russia for tourist and business purposes in 2024, 95% more than in 2023. The RUTI stated that “The number of foreign tourist arrivals in Russia may reach 1.8 million, in addition to about 0.7 million business trips in 2024.

Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating Read More »

Iran

Russia – Iran Comprehensive Strategic Partnership Agreement To Be Signed January 17

BRICS, Exports, Imports, Middle East, Security, Trade

A comprehensive strategic partnership agreement between Russia and Iran will be signed during a meeting of both countries’ presidents in Moscow on January 17, 2025, the Iranian Ambassador to Russia, Kazem Jalali has stated. The Iranian Embassy in Moscow released a statement saying “Speaking about the readiness of Iran and Russia to sign a Comprehensive

Russia – Iran Comprehensive Strategic Partnership Agreement To Be Signed January 17 Read More »

Sberbank Launches QR Code Payment System Across 50,000 Outlets In Tajikistan

Finance, Infrastructure, Investment, Russia's Belt & Road, Trade

Sberbank has launched a QR code payment service for Russian nationals in, or visiting Tajikistan, the bank has stated. The roll-out is financially important as it uses QR technology for payment of goods and services, as opposed to bank operated wireless modems. The full functionality of the service will become widely available in 2025. Making

Sberbank Launches QR Code Payment System Across 50,000 Outlets In Tajikistan Read More »

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