Complimentary Russia-Asia Trade Publication Available Cargo traffic along all three directions of the International North-South Transport Corridor (INSTC) through the Caspian Sea, Turkey, and Azerbaijan due to the closure of European borders due to Russian sanctions show excellent development prospects, according to Russia’s RZD Logistics.
Meetings held on Tuesday (April 19) between Nikol Pashinyan, the Armenian Prime Minister, and Vladimir Putin have resulted in a joint trade statement being made in which both parties expressed needs to develop bilateral trade and do so in a sustainable manner.
Russia to replace its food imports from the European Union from other markets Alireza Peyman-Pak, Iran’s Head of Trade Promotion & Organization (TPOI) stated on Monday (April 18) that Iran’s recent trade conference in Moscow was successful, and coordination had been made with Moscow to ensure national food security for both countries as they jointly[…..]
Total 2022 bilateral trade estimated to increase to US$157 billion Bilateral trade between Russia and China has grown 28.7% YoY in the first quarter of 2022, according to China customs, although growth slowed somewhat during March bringing the overall quarters figures down.
CIS Nations Show Positive Growth, Russia and Belarus Negative Fitch Ratings have released new figures for the Commonwealth of Independent States (CIS) trading nations amid the conflict between Ukraine and Russia. The CIS includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, and Uzbekistan. It differs from the Eurasian Economic Union (EAEU) in that the[…..]
The Ukraine conflict in terms of its unexpected suddenness and violence was not generally anticipated at the beginning of the year. What many hoped for was a gradual recovery from Covid and the beginning so of a resurgence to economic growth and stability. Right now, 2022 is shaping up to be even worse than the[…..]
Questions will start to be asked about the continued viability of the US dollar as a global currency The Central Bank of Russia has announced that “In order to balance supply and demand in the domestic market of precious metals, the Bank of Russia will buy gold from domestic credit institutions at a fixed price[…..]
By Chris Devonshire-Ellis Russia’s Non-EU Borders Are 4.5 Times Longer, And With Moscow – Friendly Nations as the Russian Belt and Road heads to Asia. Here’s a simple, if slightly variable statistic. With the European Union – and Ukraine – cutting off Russia’s land supply chains, the total length of that now heavily sanctioned border[…..]
Commits US$18 billion to construction of the Northern Sea Passage, the Northern Latitudinal Railway, and supporting transportation infrastructure and shipping Russian President Vladimir Putin has been in the Russian Arctic the past few days discussing outstanding Arctic projects in hand. The Arctic Council, an inter-governmental institution including Russia along with Canada, Denmark, Finland, Iceland, Norway,[…..]
Russia’s Central Bank regulator has stated that the Capital outflow from Russia could have reached US$51.4 billion in February-March. The regulator said on April 11 that capital outflow was an estimated US$64.2 billion in Q1 2022. It said two months ago that US$12.8 billion had flowed out of the country in January, but has not published an[…..]