By Emil Avdaliani Russia and Indonesia have historically been close partners. Indonesia does not support Russia’s isolation from the West, and the two are trying to strengthen the strategic partnership between them. For Russia, Indonesia is a window into the ASEAN and the Indo-Pacific region. It is also is a rapidly growing economy, which is[…..]
By Michael Barantschik Historical Relations Diplomatic relations between Ceylon, as Sri Lanka was then known, and the USSR, Russia’s predecessor, were established on February 19, 1957.
Increasing capacity comes as Russia’s trade with China and India booms Russia’s Fesco Transport Group (part of the Far Eastern Shipping Company ) will increase the number of vessels operating on the direct sea line between St. Petersburg and Indian and Chinese ports from four to six from January 2024.
By Chris Devonshire-Ellis Wang Yi, the head of the Office of the Foreign Affairs Commission of the CPC Central Committee, and China’s Foreign Minister visited Russia in late September and held substantial talks with Sergey Lavrov lasting four days. At the meeting, Lavrov and Wang discussed global stability, the formation of a multipolar world,[…..]
By Chris Devonshire-Ellis Russia has been making trade and investment decisions that affect both corporate businesses and individuals based upon a new nationally defined category of country of origin – the ‘unfriendly countries’ list. These are essentially countries whose governments have been perceived by Moscow to have taken ‘unfriendly’ positions against Russia, including the imposition[…..]
Bilateral trade up 16.4% in 2022 By Emil Avdaliani Relations between Russia and South Africa have been expanding with trade and investments potential growing exponentially. The trends were observable well before the start of the Ukraine conflict in 2021 and when the West imposed heavy sanctions on Russia. Yet after February 2022 the process significantly[…..]
Chinese payment company Helipay is in talks with Russian banks to set up cross-border transactions, the company’s development director told the International Banking Forum in Sochi on Friday (September 29).
Trade up from US$15.7 million in 2021 to US$400 million in 2023 By Emil Avdaliani Amid the re-orientation of trade from the West to Asian markets, Russia has been expanding its trade and, to some degree, investments ties with South Asian countries. Among them Myanmar stands out as a promising market for Russian companies which[…..]
Maxim Reshetnikov, Russia’s Economic Development Minister has said that the Russian government’s resolution on foreign tourists opening accounts remotely in Russian banks should be passed very soon, and it could enter into effect by the end of 2023.
Russia has wasted no time in developing its new BRICS relationship with Addis Ababa Ethiopia will launch the production of Russian Lada cars on its territory for the African market, the countries Ambassador to Russia Cham Ugala Uriat has said. The move is significant as it illustrates why Ethiopia has joined BRICS – its low[…..]