Eurasia

21.11.2023

Russian trade balance with China slips into red zone

In July, Russia's trade balance with China became negative, which means that imports to Russia exceeded exports. Thus, the demand for currency, which is formed by importers, increased, while the supply, which comes from exporters, decreased. The main reason is the rise in oil prices and the subsequent decline in...

In July, Russia's trade balance with China became negative, which means that imports to Russia exceeded exports. Thus, the demand for currency, which is formed by importers, increased, while the supply, which comes from exporters, decreased. The main reason is the rise in oil prices and the subsequent decline in...

21.11.2023

Chinese enterprises jump in where scared western firms due to anti-Russia sanctions leave

Major European companies have incurred at least €100 billion ($110 billion) in direct losses from their Russia operations as a result of Western sanctions, the Financial Times reported on Sunday. 

The newspaper’s survey of 600 European groups’ annual reports and 2023 financial statements showed that 176 firms recorded asset impairments, foreign...

Major European companies have incurred at least €100 billion ($110 billion) in direct losses from their Russia operations as a result of Western sanctions, the Financial Times reported on Sunday. 

The newspaper’s survey of 600 European groups’ annual reports and 2023 financial statements showed that 176 firms recorded asset impairments, foreign...

21.11.2023

China dubs Russia trustworthy and reliable good friend

China's top diplomat Wang Yi assured Russian Foreign Minister Sergei Lavrov that China will maintain a fair position on the Ukraine crisis, and that China and Russia are "trustworthy and reliable good friends" in a phone call late Monday. In return, Lavrov said Russia appreciates and welcomes China's constructive role...

China's top diplomat Wang Yi assured Russian Foreign Minister Sergei Lavrov that China will maintain a fair position on the Ukraine crisis, and that China and Russia are "trustworthy and reliable good friends" in a phone call late Monday. In return, Lavrov said Russia appreciates and welcomes China's constructive role...

21.11.2023

BRI helps CEEC tap green business in Central Asia

Chinese enterprises led by China Gezhouba Group Overseas Investment Co, an overseas investment arm of China Energy Engineering Corp, recently embarked on a transformative journey to Central Asia, amid the strong push globally for green energy transition.

Earlier this month, a freight train carrying solar modules left Xi'an, Shaanxi province, to...

Chinese enterprises led by China Gezhouba Group Overseas Investment Co, an overseas investment arm of China Energy Engineering Corp, recently embarked on a transformative journey to Central Asia, amid the strong push globally for green energy transition.

Earlier this month, a freight train carrying solar modules left Xi'an, Shaanxi province, to...

21.11.2023

China, Russia extend engagement in Kazakh industry

By the end of this year, 28 projects with a total cost of 256 billion tenge will be implemented in Almaty. This list includes gelatine production, small industrial parks and a school. According to the nationwide pool, companies from China, Russia, Malaysia, Turkiye, Iran, Poland and Kazakhstan are investing in...

By the end of this year, 28 projects with a total cost of 256 billion tenge will be implemented in Almaty. This list includes gelatine production, small industrial parks and a school. According to the nationwide pool, companies from China, Russia, Malaysia, Turkiye, Iran, Poland and Kazakhstan are investing in...


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