Other Briefings
Turkiye’s Europe-Asia Ambarli Port H1 2022 Transit Cargo Shipping Up
The Turkish port of Ambarli handled 9.6 million tons of cargo from January through June 2022, the Ministry of Transport and Infrastructure of Türkiye has stated, showing a significant improvement over 2021, driven by the Ukraine conflict.
Russia Signs US$4 Billion Contract To Develop Seven Iranian Oil Fields, Establishes Supply Chain Routes Via INSTC To India
Mohsen Khojaste Mehr, the CEO of the National Iranian Oil Company has said that Iran has signed the biggest strategic investment deal in the history of Iran’s oil-related matters with Russia.
Russia Talks Trade & Economic Development With Iran
Russia is looking to enhance its trade connectivity access to the Middle-east and South Asia, with Iran strategically important in allowing it to do so. Russia has Caspian Sea access via its ports at Astrakhan, which permits maritime shipment south to Iran’s Caspian ports at Anzali amongst others. From there, road, and from early 2023, […]
Russian SME Trader Investments In Turkiye Increase Five-Fold In 2022
The registered capital volume and numbers of foreign invested companies with Russian capital, registered in Turkiye from January through May 2022, has increased by nearly five times, compared to the same period of the 2021, according to the Turkish Chamber of Commerce and Industry (TOBB).
China Links Belt & Road Initiative Expenditure To Egypt’s 2030 Vision Development Plan
By Chris Devonshire-Ellis China, which pledged investments of US$400 billion over the next ten years to Muslim nations at the Organisation of Islamic Cooperation in March, has stated it will ‘align’ its BRI expenditure with Egypt’s Vision 2030 development scheme.
Iran-Afghanistan Railway Back On The Agenda
Would link the industrial Afghanistan city of Herat to the INSTC The two heads of Iran Railways (RAI) and Afghanistan Railways have met to discuss ways to resume the launch of Khaf-Herat Railway. This planned route would extend into Afghanistan’s Western border to the industrial city of Herat and assist with Afghani reconstruction and development. Iran […]
Russian Businesses Seek Trade Advice From Iran, Russia-Iran Exports Up 73%
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 […]
Iran’s Central Bank Approves Establishing Offshore Banks In Free Trade Zones
The Central Bank of Iran (CBI) has approved the establishment of offshore banks in free trade and industrial zones, according to the Secretary of the Supreme Council of Free and Special Economic Zones Saeed Mohammad, with an Offshore bank already to be established by the Organization of Free Trade-Industrial Zones.
Russia – Iran 2022 Trade Shows Significant Increases
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.
Iran Ready To Assist In Distribution Of Russian Wheat Harvest
The EU, short of grain, sanctioned the Russian Agricultural Bank, cannot now buy supplies, and has cut Iranian alternative transit routes off from SWIFT. The 2022 Harvest is now heading East. With the West seemingly in knots over wheat and grains supplies from the upcoming 2022 harvest, sanctions appear poised to bite them back with […]
