President Vladimir Putin said at last week’s BRICS Business Forum that Russia was in the process of rerouting its trade and oil exports towards countries from the BRICS group of emerging economies in the wake of Western sanctions over Ukraine. The BRICS countries comprise Brazil, Russia, India, China and South Africa. The West has imposed[…..]
Western media has talked up differences – but bilateral trade is up 4x on 2021 By Chris Devonshire-Ellis Kazakhstan President Kassym-Jomart Tokayev has been targeted by Western media in light of comments he made at the recent St. Petersburg International Economic Forum (SPIEF). Several Western commentators have suggested a pro-Western bias is emerging from Tokayev,[…..]
Traffic cargo volumes expected to reach 4 million tonnes and 2 million passengers per annum. Freight traffic has begun to use the first road bridge across the Amur River, connecting Russia’s Blagoveshchensk and China’s Heihe. The bridge opened to trucks on Friday (June 10). Russian Deputy Prime Minister and Presidential Envoy to the Far Eastern[…..]
Protecting Your Russian Business & Assets Under Sanctions & New State Regulations Numerous international businesses, mainly high-profile brands, have been exiting Russia as shareholder, domestic government, and media pressures upon them have persuaded many that for now, Russia is too much of a political hot potato to handle. Others have elected to ride it out,[…..]
This Year’s Forum gains significance as Russia’s pivot to Asia and Supply Chain movements place Central Asia in the spotlight. By Chris Devonshire-Ellis The Eurasian Economic Forum is an annual business event of the Eurasian Economic Union concentrating on economic and commercial issues and is this year being held in Bishkek, the capital of Kyrgyzstan.[…..]
Russia’s primary international economic forum takes place in June amongst the background of extraordinary events. We give you a front row seat. The St.Petersburg International Economic Forum (SPIEF) takes place from June 15-18, an annual event usually hosted by the Russian President Vladimir Putin and one at which Russia-Global economic and trade development and investment[…..]
Bangkok is following the trend for ASEAN nations to establish Free Trade Agreements with the EAEU Thailand and Russia are ready to boost bilateral trade to US$10 billion in 2023, Jurin Laksanawisit, Thailand’s Minister of Commerce Minister said on Saturday. Jurin was speaking after talks with Russia’s Economic Development Minister Maxim Reshetnikov on the sidelines[…..]
Russia developing free trade ecommerce platforms into Central Asia Wildberries the Russian online retail equivalent of Amazon, has just opened a distribution center in Kyrgyzstan, which will strengthen company’s partnership with local businesses, as well as speed up the delivery of local orders.. Wildberries first distribution center has opened in Bishkek, the Kyrgyz capital city.[…..]
Trade agreements with EU & UK having a positive dynamic effect Uzbekistan’s trade turnover with the Eurasian Economic Union (EAEU) countries amounted to US$3.2 billion from January through March 2022, according to the Uzbek State Statistics Committee. During Q1 this year, Uzbek exports of goods and services to the EAEU countries amounted to US$923.3 million,[…..]
Kazakhstan’s bilateral trade with other member countries of the Eurasian Economic Union (EAEU) – Armenia, Belarus, Kyrgyzstan, and Russia reached US$1.7 billion in January 2022, which is 29% higher than the same period last year, according to Kazakhstan’s Statistics Committee. US$592.4 million of this were Kazakh exports (+34.4 percent), and US$1.1 billion imports (+26.3 percent).[…..]