Russia’s Sanctions Road Initiative Leading To New Regional Investments By Chris Devonshire-Ellis  Russia’s auto manufacturers are looking to Africa for price competitive operations as the Russian ‘Sanctions Road Initiative’ spreads its routes further away from Western influence.  Evgeny Terekhin, Moscow’s Ambassador to Addis Ababa, in Ethiopia, has said that several Russian auto manufacturers were[…..]
The American fashion brand Guess has reacquired its stake from its Russian partner in an unusual deal for the Russian fashion market, according to Kommersant. The clothing manufacturer and retailer reportedly bought back its 30% share from local partner Vyacheslav Shikulov for €8 million (US$8.5 million) and has consolidated 100% of its Russian business after[…..]
80 bilateral working groups set up and new bilateral agreements signed as Russia-China trade jumps 25% in 2023Â By Chris Devonshire-Ellis The Russia-China Business Forum has been taking place in Shanghai this week, with a flurry of additional diplomatic meetings: Russian Prime Minister Mikhail Mishustin also held talks with Chinese President Xi Jinping and Chinese[…..]
Chris Devonshire-Ellis has been interviewed by Sputnik International and Sputnik India concerning the current Eurasian Economic Forum in Moscow, during which discussions are being held to unify the BRICS, EAEU and SCO.
By Chris Devonshire-Ellis A new Russia investment trend is beginning to emerge with foreign investors, especially those close to the action in Asia, starting to use their China investments to access the Russian market. This includes businesses from countries whose governments are deemed ”unfriendly” to Russia.
Russia’s Damate saw sales to Asia increase 60% in 2022 as ASEAN’s markets gain Russian export interest The move to spearhead Russia’s domestic halal industry into new export markets has made immediate headwinds with Russia’s Damate Group, the countries leading turkey producer, planning to export 80 million rubles (@US$1 million, Malaysia Ringgit 4.6 million) worth[…..]
Russia’s moves to Muslim markets is proceeding as Moscow eyes a huge Islamic market fed by Russian Muslim entreprenuers Russia and the Islamic nations share many common views on global affairs and geopolitical developments, Syrian Ambassador to Moscow Bashar Jaafari has stated during the ‘Russia-Islamic Forum’ held in Kazan, Russia last week.
The Russian food quality regulator Roskachestvo has accredited an agency to carry out domestic certification of halal products, the head of the watchdog, Maxim Protasov, announced on Thursday. The new organization, called Roskachestvo-Halal, will begin certification of the market this month (May 2023). It is expected that up to 100 companies will have applied for[…..]
A massive Eurasian regional bloc is being created without Western input The BRICS nations – Brazil, Russia, India, China and South Africa, along with the Eurasian Economic Union free trade group – Russia again with Armenia, Belarus, Kazakhstan and Kyrgyzstan, will be discussing integration with the Shanghai Cooperation Organisation (SCO) at the second Eurasian Economic[…..]
2023 Russia-Vietnam bilateral trade expected to be about US$3 billion Bilateral trade between Russia and Vietnam had reached a record-high in 2021 of US$7.1 billion, however this has been halved by the impacts of sanctions upon Russia, according to Vietnam’s Trade Counselor Duong Hoang Minh.