News

Latest updates, insights, and analysis.

January 30, 2025

Russia’s State-Owned Shipbuilders Constructing 120 New Merchant Marine Vessels

Russia’s State-Owned Shipbuilders, the United Shipbuilding Corporation (USC) are constructing 120 vessels as part of its national civil shipbuilding remit, according to USC CEO Andrei Puchkov. He was speaking at a meeting with Russian Prime Minister Mikhail Mishustin. Puchkov said that “In terms of USC’s civilian orders, our shipyards are building about 120 different types […]

January 30, 2025

Russia’s VTB Bank To Expand International Financial Transfer Services Into Africa, LatAm and Asia 

Russia’s VTB bank plans to expand its services geography in providing international transfers in national currencies during 2025 by adding new countries in Africa, Latin America and Southeast Asia, the Russian state bank’s deputy CEO, Georgy Gorshkov has stated. VTB’s retail customers made 2.1 million transfers in the currencies of friendly countries in 2024, six […]

January 30, 2025

Chinese Automotive Dealers Investing Into Belarus To Access CIS Markets  

In addition to the recent example of China’s Torklink Controls, who are investing over ₽100 million (US$1 million) into an assembly plant in Moscow, the Chinese automobile exporter Biulu (Chongqing Biulu Automotive Technology) has opened a consignment warehouse in Belarus for processing Chinese, European and other vehicles for subsequent deliveries to Russia and CIS countries. […]

January 30, 2025

Russia-Syria 2025 Diplomatic, Trade, and Security Updates

A Russian delegation has been visiting the new regime in Syria following the fall of the pro-Russian Bashar al-Assad government lasts month. In apparently positive news for Moscow, Russian Deputy Foreign Minister Mikhail Bogdanov has reported that Moscow and Damascus intend to maintain their historically stable and mutually beneficial relationship. It was the first Russian […]

January 29, 2025

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes

2024 was a banner year for Russia’s collective investment markets, which expanded with a record number of mutual funds and the largest number of new management companies for over a decade. Wealthy investors – including foreign investors – are primarily interested in Russian industry. Since sanctions were imposed in 2022, Russian investors have been limited […]

January 29, 2025

Russian Lawmaker Suggests Greenland Joins Russia

Russian lawmaker Vitaly Milonov, a deputy of the State Duma, has suggested that if Greenland truly wishes to join another country, then it has more in common with Russia and should become part of the Russian Federation. Milonov’s remarks follow numerous controversial statements made by US President Donald Trump about plans to annex Greenland, despite […]

January 29, 2025

Russia’s Roscosmos Catching Up With SpaceX’s Reusable Rocket Technology

Russa’s Roscosmos Space Agency is developing the Amur-SPG launch vehicle with a reusable first stage to be in use by 2030, according to Roscosmos head Yury Borisov. He was speaking at the 49th Korolyov Academic Readings on Cosmonautics on Tuesday (January 28). The Amur-SPG, also known as the Soyuz-7 is a reusable, methane–fueled, orbital launch […]

January 28, 2025

Russia, China Air Transport To Continue Development Beyond 197 Weekly Flights  

Meetings held between 15 Russian airlines and an aviation delegation from the Chinese Embassy have discussed the bilateral strengthening of cooperation in Russia-China passenger and cargo air transport. The meeting was chaired by Lev Kosinov, Head of the Department for Transportation Regulation and International Cooperation of the Russian Federal Air Transport Agency. In volumes, during […]

January 28, 2025

Maduro: “Venezuela Is Part of BRICS” 

The Venezuelan President, Nicolas Maduro, has stated that Venezuela is a part of BRICS and the path to join the BRICS group is being cleared. He was speaking during an interview with Brazilian journalist Breno Altman, broadcast by Venezolana de Television TV channel. Brazil had previously blocked Venezuela from joining due to concerns about the […]

January 28, 2025

Russia’s Digital Financial Assets Grew Fourfold In 2024  

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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