SCO & BRICS latest news and insights
In February 2024, the ruble became the leading currency in foreign trade settlements of the Russian Federation, with a share of 41.6% in payments for exports and 38.1% for imports. This article explores the advantages of paying in rubles for Russia and its trading partners, as well as the industries...
On Tuesday, Sergei Lavrov, the Russian Foreign Minister, concluded his two-day visit to Beijing. The purpose of his trip was to prepare for the upcoming visit of the Russian President Vladimir Putin to China, which was confirmed by the Kremlin on the same day. During the negotiations, much attention...
China's two-way trade with Russia reached a record value of $240 billion, while Russia’s export trade value with Asia rose significantly in 2023.
"Actually, we have seen the trend of Russian brands entering the Asian market since 2014," said Vadim Tylik, CEO of RMAA, a cross-border marketing agenc...
Russia and China are strengthening their partnership. During a meeting in Beijing,the Russian Foreign Minister Sergei Lavrov and his Chinese counterpart Wang Yi discussed joint efforts to counter Western sanctions and the creation of alternative international institutions in the fields of economics...
By Rhod Mackenzie
Russia's main trading partners no longer include any Western countries. Germany, which had a trade turnover of $12 billion, is no longer in the top 5. Instead, China, India, and Turkey have become the leaders. RIA Novosti's analysis of data from national statistical services show...
By Rhod Mackenzie
The transportation of containers from China to the EU via rail, which passes through Russian territory which was disrupted due to the hostilities in Ukraine, is now being restored. In the first quarter, the amount transported grew by 44% to 90 thousand TEU, which is almost the sa...
