Russia has budgetted US$86 billion from 2019 to 2025 to develop the Arctic, according to Nikolay Korchunov, Russia’s representative in the Arctic Council. Russia already has the largest economic status in the Arctic, with the region accounting for about 10% of Russia’s total GDP and close to 20% of all Russian exports.
Chinese private investors are interested in involving Crimea in the implementation of Belt and Road projects.
Washington has just passed a law making the White House legally bound to investigate Russian President Putin.
Trade turnover between Russia and the EU grew by 20 percent in 2018, said Industry and Trade Minister Denis Manturov in a meeting with European businesses.
Russian car dealers Avilion and Panavto, official trade partners of the Aurus automobile line, will start taking pre-orders for the vehicles.
Russia is planning its first privately owned cosmodrome in the Nizhny Novgorod region following the US privatization of space exploration.
Russia’s Sberbank intends to accelerate currency payments in China, and plans to join the Chinese banking payment system.
According to President Putin, Russia’s foreign exchange reserves can now cover all of the debt owed by both government and domestic businesses.
Russia and China are planning to work together to develop the majority of future global AI research and applications, according to Konstantin Gorbach, AI business director of Russian industrial digitalization technology firm Zyfra.
The US-China trade war and US sanctions against Russia have created new opportunities for Russian firms, as per the China Overseas Development Association.