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.
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.
Russian Deputy Prime Minister Denis Manturov has said that trade turnover between Russia and Uzbekistan may reach US$12 billion this year compared to around US$10 billion in 2022. “As regards this year, we are already seeing incremental growth. I believe we will approach US$12 billion unless some cataclysmic events occur,” he was cited as saying.
Sberbank has opened its first branch in Crimea, on Sovetskaya Square in Yalta. Crimean Governor, Sergei Aksyonov said that “A good thing is happening, revolutionary: Russia’s largest bank is opening its first branch in Crimea” at the opening ceremony on Saturday.
Russia-China trade in January-April 2023 showed significant growth, China’s General Administration of Customs said, while pointing out that China’s economic relations with the US left much to be desired.
New sanctions are due to be imposed at the end of May. But will they work? We talk to the experts Anti-Russian risk and SWOT analysis’ have been largely lacking over the past twelve months with political desires leading an uneven charge at Moscow with apparent backfiring along the way. But right now, the European[…..]