In joint Russia-Kyrgyzstan agricultural meetings held on February 24, Dmitry Patrushev, the Russian Minister of Agriculture of Russia, and Askarbek Dzhanybekov, the Kyrgyz Minister of Agriculture announced that agricultural trade between the two countries increased by almost 11%, exceeding US$350 million in value during 2020. The Ministers also considered priority areas for further joint work,[…..]
Op/Ed by Chris Devonshire-Ellis Figures show an increasingly diverse economy is developing New trade in agriculture exports to China and Asia Russia will have fully absorbed the impact shock of Western sanctions by 2024 Russia has long been labeled as a solely oil and gas-based economy, however efforts by the Government to change and diversify[…..]
Russia’s largest banking lender, Sberbank, has applied for a blockchain network for its own digital currency, Sbercoin, to be approved by the Russian Central Bank, and is expecting to launch the coin in March this year. Earlier this month, Sberbank sent an application for the platform to the Central Bank of Russia, Sergey Popov, a[…..]
Gazprom has registered a ‘Special Purpose Vehicle’ (SPV) company in Mongolia to deal with design and survey and the feasibility study for the project of building a main gas pipeline across Mongolia for gas deliveries to China, the Russian company stated last Friday. SPV’s are typically set up to deal with one particular project, and[…..]
The Rotary Club of St.Petersburg in Russia have as their guest Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates, a foreign investment practice with offices throughout Asia. Chris is one of the world’s leading experts on China’s Belt & Road Initiative, having lectured about it at the St.Petersburg Higher School of Economics, Cambridge University,[…..]
Sergei Korneyev, the deputy head of the Russian Federal Agency for Tourism, has suggested at the Arctic: Today and the Future international forum held in St.Petersburg, that electronic visas and eased visa formalities for foreign visitors to the Russian Arctic could attract more tourists to the region. “We could without major financial investments ‘redirect’ to[…..]
Russia and Mongolia have increased their bilateral trade volumes by 13.1 percent year-on-year in the January-September 2019 period, the Russian Ambassador to Mongolia Iskander Azizov has stated ahead of the Mongolian prime minister’s visit to Moscow this week. Russian Prime Minister Dimitri Medvedev is meeting his counterpart Ukhnaagin Khurelskh. Azizov said that bilateral trade had[…..]
The Swedish retailer IKEA is going to open several thousand pickup points in Russia over the next couple of years, the head of IKEA’s Customer Order Support Norbert Stepnowski told media yesterday. “We intend to develop a network of pickup points and we want to go in to thousands in medium term. We have a[…..]
(Part 1 of our 5 Part BRICS/EAEU Free Trade Series) How Mercosur Companies Could Access Eurasian, Russian & Chinese Markets Op/Ed by Chris Devonshire-Ellis Russia’s President Putin has just returned from Brazil and the annual meeting of BRICS nations this time held in Brasilia. With the Presidents and Prime Ministers from China, India and South[…..]
Growing Free Trade Links Are Rebalancing Global Trade The BRICS economic bloc of countries, which include Russia, along with Brazil, China, India and South Africa, will account for more than half the GDP of the global economy in ten years, according to Russian Finance Minister Anton Siluanov. “The economy of the BRICS countries today occupies[…..]