Russian businessmen have been seeking out Iranian expertise in getting around Western sanctions, and learning how Iranians live under such trading conditions. A report in the Financial Times discusses how that experience is now being shared to reduce US and EU impact on living standards – including accessing products from the global black ​market, which[…..]
Perceptions in Russia are of course different than those pushed in the West. But that doesn’t make them any less valid. By Chris Devonshire-Ellis I have arrived back in St. Petersburg for the first time in two-and-a-half years. I have an apartment here and have had since 2015; this is a city I know well.[…..]
Russian containers shipped from Astrakhan to Mumbai as Iran tests INSTC connectivity routes Iran’s state-run shipping company has stated it has successfully completed the first transit of Russian goods to India, using the International North South Transportation Corridor (INSTC).
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[…..]
Professional assistance to advise Western and Russian companies in Russia plan their next strategic moves in light of the current European conflict. Dezan Shira & Associates Chairman Chris Devonshire-Ellis is in Russia assisting both Western and Russian companies in evaluating their options in the light of the on-going Ukraine conflict. One of the very few[…..]
The Russian fast food chain that has acquired the McDonald’s outlets in the country has chosen a new logo. It depicts the main symbols of the restaurant: two sticks of yellow fries and a yellow-orange burger. The press service added that the logo is located on a green background, which symbolizes the quality of products[…..]
Multiple considerations illustrate massive growth in repositioning global energy resources east instead of west. Javad Owji, Iran’s Minister of Oil said yesterday that Russia-Iran bilateral trade has significantly increased, reaching US$40 billion in the last 18 months. 2021 figures were at US$4 billion, signalling huge 2022 increases.
Russia’s domestic e-commerce market booms with sales up 32%, while a developing EU-US market providing access to Russian consumers is emerging via EAEU resellers. Russia’s cross-border e-commerce trade decreased by 30-35% in April compared to the same period in 2021, according to Russia’s Ministry of Economic Development. The fall was influenced by fluctuations in the ruble[…..]
With the advent of the Ukraine conflict and the mass withdrawal of foreign brands from Russia, deals are being done across the country to buy out foreign assets of well-known consumer brands and relaunch them under new badges. Companies like Coca-Cola and McDonalds have exited Russia and no longer allow their products and brands to[…..]
Proposals for US$44 billion on two rail projects and a bridge to Sakhalin Island provided to the President Russia’s Gazprombank and Singapore based BTS-Most, a construction company Chaired by Ruslan Baisarov, have asked Russia’s President Vladimir Putin to give them a concession on Russia’s largest infrastructure project, the expansion of the Baikal-Amur Mainline (BAM) and[…..]