Latest Articles about Trade

Russia Fails to Convert Economic Ties Into Political Influence in North Africa
Executive Summary: Russian Foreign Minister Sergei Lavrov’s recent tour of North Africa focused on maintaining economic ties while seeking to expand the Kremlin’s political influence in the region. The Kremlin has been successful in expanding trade ties with Morocco and Tunisia by exploiting both countries’... MORE

Russia’s Arctic-Based Oil Mega-Project Struggles to Attract Foreign Investors
Executive Summary: Russian officials have played up China’s interest in potentially investing in the Vostok Oil project, though significant challenges remain. The mega-project looks to enhance Moscow’s geopolitical ties with Asia, elevate the Northern Sea Route’s competitiveness with the Suez Canal, and promote economic growth.... MORE

Armenia Plans to Use Iranian Ports to Reach India
Executive Summary: Iran has granted Armenia access to its Chabahar and Bandar Abbas ports to facilitate Yerevan’s trade access to India. The proposed east-west transit route will serve as a supplemental component of the International North-South Transport Corridor in facilitating greater regional trade. Armenia has... MORE

Chinese Machine Tools Serve as Russia’s Safety Net
Executive Summary: Russia’s industrial sector has become full dependent on China for machine tools and parts critical to arms manufacturing. Moscow’s war against Ukraine, Western sanctions, and the inability to fully realize import substitution efforts has exacerbated Russia’s dependence on China. That reality signals a... MORE

GM Soybeans And China’s Food Security Dilemma
Executive Summary The Ministry of Agriculture and Rural Affairs (MARA) recently approved 37 genetically modified (GM) corn varieties and 14 GM soybean varieties after a three-year trial, marking the first such announcement by the PRC government. The PRC's focus on improving food security is evident... MORE

Western Sanctions Challenge and Restrict Ruble-Rial Trade Between Iran and Russia
On December 25, 2023, during the Supreme Eurasian Economic Council summit in St. Petersburg, the Russian-dominated Eurasian Economic Union (EAEU) and Iran inked an extensive free-trade agreement (FTA). Representatives from Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Iran, and Chairman of the Eurasian Economic Commission Board Mikhail... MORE

Six Months of Germany’s New China Strategy: Old Ways Die Hard
On December 1, the first visa-free travelers entered China from a select group of mainly European countries: Germany, France, Italy, Spain, the Netherlands, and Malaysia (Xinhua, December 2). Expanding visa-free travel (for more than 72 hours) to these countries was arguably the most visible step... MORE

Western Aid Strengthens Security of Ukrainian Grain Corridor
At the Grain From Ukraine forum in Kyiv on November 25, President Volodymyr Zelenskyy announced that Ukraine has arranged to receive additional air defense systems from Western partners to ensure the safety of vessels traveling along the grain corridor in the Black Sea. According to... MORE

China Exploits Russia’s Vulnerabilities
According to reports from Chinese media in late November, Beijing has refused to invest in the construction of the Power of Siberia-2 natural gas pipeline, proposing instead that Moscow fully cover the multibillion-dollar project. China also insists on substantial discounts for Russian gas, demonstrating strong... MORE

India to Build 24 Cargo Vessels for Russian Use in Caspian Trade
On October 26, Indian government-owned Goa Shipyard signed a substantial shipbuilding contract with Russia. The agreement calls for Goa to construct 24 river-sea class cargo ships for Russian clients in the Caspian Sea by 2027. The director of Caspian International Integration Club North-South, Dmitry Dubovik,... MORE