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    Russian Foreign Tourist Arrivals Up 130% In H1 2023 With A New Clientele

    New fast track Russia E-visa available for citizens of 55 countries from August 1st.    Russia’s foreign tourist flows soared by 130% in the first six months of 2023 in annual terms to over 187,000 people, statistics by the Russian Federal Security Service (FSB) show. According to the report, two-thirds of foreign travelers arrived in[…..]

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    Russia and Belarus: 2023/24 Trade and Investment Dynamics

    By Emil Avdaliani Amid the worsened relations between Russia and the European Union; Belarus has emerged as the country most profoundly hit by the imposition of sanctions on Russia. To this should be added Western sanctions targeting Minsk itself. Ever since, Belarus has pushed for closer ties with Russia as a balancing chip to offset[…..]

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    Russia Says BRICS Developing Alternative Currency To US Dollar, As Combined GDP Is Higher Than G7

    Aleksandr Babakov, the Russian State Duma Deputy Speaker has said that Russia together with fellow BRICS members and other African countries are discussing the creation of a new global currency that could challenge the US dollar’s dominance and become analogous to the euro for non-Western states.

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    Russia’s Industrial Production Moves To A War Footing As Growth Is Up 6.5% In June

    Russian industrial productivity shows sharp increases as the economy moves to a war driven manufacturing footing to support the Ukraine conflict while protecting consumers   The Russian Federal State Statistics Service (Rosstat) has said that in June 2023, industrial production in Russia increased by 6.5% compared to June 2022. This follows a rebalancing of the economy,[…..]

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    Russia and Georgia: The 2023/24 Trade and Investments Dynamics

    By Emil Avdaliani Russia and Georgia have endured a troubled past, due in part because of the short war in 2008 and the ensuing intermittent political tensions. Nevertheless, the two countries have maintained a certain pragmatic stability in bilateral relations, and both surprisingly and increasingly so following the start of the conflict in Ukraine. For[…..]

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    First Chinese Freight Train Crosses New Amur River Bridge Into Russia

    The first Chinese cargo train to cross into Russia via a new bridge over the Amur (Heilongjiang) River arrived on Friday, according to the Russian Direct Investment Fund (RDIF), who had partially funded the construction.

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    Russia-Africa 2023-24 Trade and Development Prospects

    With the Russia-Africa summit currently taking place in St.Petersburg, we examine the trade dynamics By Farzad Ramezani Bonesh and Chris Devonshire-Ellis The 2023 Russia-Africa summit is currently taking place in St.Petersburg, with delegations from 49 African countries (from a total of 54), 17 of which are led by their respective heads of state. Despite a[…..]

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    Russia and Azerbaijan: 2023/24 Trade and Investment Dynamics

    Bilateral trade up 38% as Russia looks to Baku for Middle Eastern connectivity  By Emil Avdaliani Russia’s trade and investment ties with Azerbaijan fit into the overall pattern observable in Russia’s trade/investment relations with its immediate neighbors following the outbreak of the conflict in Ukraine in 2022. Moscow’s re-orientation of commercial ties from the EU[…..]

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    Russia – Armenia: 2023/24 Trade and Investments Dynamic

    Bilateral trade has more than doubled since 2021 as a result of new supply chains emerging   By Emil Avdaliani As Russia reorients its foreign trade from its previous close ties with the European Union, its ally Armenia is set to benefit most acting as the most convenient actor for re-export. Armenia also features as a[…..]

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    Russia’s Engineering Imports From India Triple In 2023

    Russia’s search for engineered products as alternatives to those previously sourced from the West have seen a huge jump in Indian imports. India’s exports to CIS countries have also shown a sharp increase, according to the Indian Engineering Exports Promotion Council (EEPC).

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