Source link Sanctions have pushed Moscow towards expanding cooperation with Asia and the Middle East Russia’s trade with ‘unfriendly’ countries has dropped threefold since 2021 and is on course for a further decline, according to a report from the Russian Center for Strategic Research (CSR) published on Saturday. The term ‘unfriendly’ refers to Western countries […]
Source link Economic and strategic engagement with New Delhi is immune from sanctions and global turbulence, Moscow’s ambassador has said The relationship between India and Russia has been flourishing despite a complicated geopolitical environment, underscoring the resilience of seven decades of diplomatic and economic cooperation, officials from both countries have stated at a business conference […]
Source link Trade turnover between Russia and China continues to grow at an unprecedented pace, hitting a historic high in November despite the pressure of Western sanctions. According to Chinese customs datatrade volumes with Russia increased by 26.7% in the first 11 months of 2023, amounting to a record $218.17 billion. In November alone, trade […]
Source link The head of the European Commission recently sounded alarms about a “growing trade imbalance” with Beijing China has invited EU member states to take advantage of its “mega market,” responding after the European Commission warned it could soon deploy protectionist measures to guard local industry from Chinese firms. Speaking during a press briefing […]
Source link Mutual transactions in national currencies have quadrupled in 2023, VTB bank executive says Trade settlements in national currencies between Russia and Vietnam have skyrocketed this year, Olga Basha, VTB’s head of international settlements, told RIA Novosti ahead of the investment forum Russia Calling 2023. Basha noted that settlements conducted in ruble and dong […]
Source link The Russian envoy has held talks with the chief of Gujarat, which contains India’s largest refineries and an upcoming financial hub Russian Ambassador to India Denis Alipov discussed strengthening cooperation with India’s western state of Gujarat. According to the Russian embassy in New Delhi, during Alipov’s visit to the state capital, Gandhinagar, on […]
Source link US and British officers helped plan the Ukrainian spring-summer campaign and provided all the asked-for vehicles, but Kiev decided to divide its forces in three directions, according to a Washington Post feature published on Monday. Over a dozen Post employees interviewed “more than 30 senior officials” from Ukraine, the US and the EU, […]
Source link Brazil may boost supplies of industrial goods to the sanctions-hit country, Ambassador Rodrigo Baena Soares says Western sanctions on Russia intended to undermine its economy have opened a “window of opportunity” for Brazil, the country’s ambassador, Rodrigo Baena Soares, said on Monday. According to the diplomat, businesses in both countries have adapted to […]
Source link The revenues of the 42 American firms in the top 100 accounted for 51% of total weapons sales Sales of weapons and military services by the world’s top 100 arms makers totaled $597 billion last year, according to a report released by the Stockholm International Peace Research Institute (SIPRI) on Monday. US firms […]
Source link Imports into the bloc from the sanctioned country have fallen nearly fivefold, Eurostat data shows Imports from Russia into the European Union have fallen nearly fivefold since the imposition of Ukraine-related restrictions on Moscow last year, the bloc’s statistics agency has revealed. According to Eurostat’s latest figures, seasonally adjusted values show that Russia’s […]
Source link Russia’s trade turnover with neutral and ‘friendly’ countries, defined as those that have not sanctioned Moscow over the Ukraine conflict, has surged over the past year, Foreign Ministry official Dmitry Birichevsky said on Tuesday. According to the diplomat, who heads the ministry’s department for economic cooperation, while imports from the EU and other […]
Source link The two countries have been ramping up economic cooperation in the face of Western pressure The volume of trade between Russia and China continues to grow and is expected to reach $300 billion by the end of this decade, Russian First Deputy Prime Minister Andrey Belousov has said. Speaking at a meeting of […]
Source link The vast majority of settlements with Tajikistan are now made in the Russian currency, according to the president The share of the ruble in Russia’s trade with Tajikistan topped 80% during the first half of 2023, Russian President Vladimir Putin told reporters on Tuesday following a meeting with his Tajik counterpart Emomali Rahmon […]
Source link Russia’s economic cooperation with Asian and African countries has continued to grow while trade with the European Union has declined, according to the latest report by the Federal Customs Service (FCS). Data released this week showed exports to Asia jumped to $226.6 billion in the first nine months of the year, up by […]