Unrealised potential as Russian clothing manufacturers should look east for textiles By Emil Avdaliani Russia’s turn eastward plays out differently in the relations with developing Asian countries. Most benefit from the Western sanctions imposed on Russia as the latter seeks to alleviate the effects of the unfolding decoupling with the European Union. There are however[…..]
Russia and India cooperating on shipbuilding as NSR route gains importance in India’s energy strategy Aleksey Chekunkov, the Russian Minister for the Development of the Far East and the Arctic, has stated that despite sanctions affecting shipbuilding projects, the Northern Sea Route (NSR) in Russia’s Arctic economic zone is experiencing an unprecedented surge in[…..]
By Emil Avdaliani Given the geopolitical tensions between Russia and Western countries, Moscow has actively sought to diversify its economic relations and reduce its trade dependency on the West. Strengthening ties with financial centers in Asia, including Hong Kong, offers a potential avenue for this diversification. One of the major results of the Western sanctions[…..]
By Paul Goncharoff Just over a month ago on August 15, 2023, pilot testing using Real Digital Rubles got underway by thirteen banks and a selected number of these banks’ clients. This has allowed the Digital Ruble project and platform to operate in actual commercial transactions and to work through streamlining processes and procedures employing[…..]
Russia is replacing a European market of 450 million consumers with a Far Eastern one of 1.6 billion By Chris Devonshire-Ellis The Russian President Vladimir Putin gave the Plenary session speech at the Far Eastern Economic Forum (FEEF) in Vladivostok on Tuesday (September 12) together with a Q&A session afterwards. The FEEF is important as[…..]
By Chris Devonshire-Ellis Following is an extensive Q&A session entered into by the moderator, Ilya Doronov and President Putin. Doronov is a Russian journalist, television presenter and radio host – interestingly not known for giving his subjects an easy time.
Russia’s largest private lender, Alfa-Bank is set to open offices in China, the bank stated on Monday (September 11). Alfa-Bank’s board of directors has announced plans to open two offices in Beijing and Shanghai and will shortly submit the required registration documents to the People’s Bank of China.
Multilateral signals are pointing to emerging economies uniting behind Moscow By Chris Devonshire-Ellis Much of the media attention concerning the weekend’s G20 summit in New Delhi has concerned two men who weren’t actually there – Vladimir Putin and Volodymyr Zelensky. Rather than the real meet of the multilateral and various bilateral discussions that took place,[…..]
Bilateral trade and investment all increasing as the two economies absorb each others needs By Emil Avdaliani Russia and China are closely working on re-creating a new global order which, from their perspective, will be more commensurate with their interests across Eurasia. Moscow-Beijing cooperation has notably increased since 2022 when the Ukraine conflict erupted, and[…..]
A new Asian Russia is emerging as the European Russia looks East The past 18 months represent a huge turning point in relations between Russia and Asia. For Moscow, strengthening relations with regional powers and their economies has become not so much a choice as a necessity. The desire of the West to inflict economic[…..]