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Power of Siberia - 2: contracts at the finish line, route agreed

Power of Siberia - 2: contracts at the finish line, route agreed

Deputy Prime Minister Alexander Novak said that Russian and Chinese companies have reached the final stage of agreeing on specific contracts for the Power of Siberia-2. The route has been determined, and political decisions have been made at the leadership level. Kremlin spokesman Peskov confirmed that an understanding on key parameters has been reached, and a result is expected in the near future. On May 21, the Chinese Foreign Ministry announced China's readiness to strengthen cooperation on t

Policy

Putin to sign 40 agreements in China: energy and transport

Putin to sign 40 agreements in China: energy and transport

On May 19-20, Putin arrives in China on an official visit. About 40 documents are ready for signing — energy, transport, industry, and the nuclear industry. The delegation includes five deputy prime ministers, eight ministers, heads of the Central Bank and major state corporations. The visit is timed to coincide with the 25th anniversary of the Russian-Chinese Treaty on Good Neighborliness.

Economy

The decree on the mandatory sale of foreign currency earnings expired on April 30.

The decree on the mandatory sale of foreign currency earnings expired on April 30.

On April 30, the presidential decree on the mandatory sale of foreign exchange earnings by Russian exporters expired. The requirement was in effect from October 2023 and applied to companies from the fuel and energy complex, metallurgy, chemical and forestry industries, as well as grain farming. What will happen next has not been officially announced.

Customs and International Trade

Instructions are being prepared for exporters to enter 29 friendly markets

Instructions are being prepared for exporters to enter 29 friendly markets

Russia is preparing a new tool for export development — the partnership standard, which should simplify the entry of companies into priority foreign markets. For businesses, this is an attempt to transfer export support from the format of general measures to a system of country-specific application instructions.

Economy

The Ministry of Energy requests VAT relief for social goods from abroad

The Ministry of Energy requests VAT relief for social goods from abroad

The Ministry of Economic Development has proposed to ease the tax regime for socially important goods that Russians order on foreign online platforms. The initiative concerns VAT and may significantly affect prices, cross-border trade and the rules of operation of marketplaces with imported products.

Marketplaces

The abolition of subsidies in China triggers a rise in prices for solar panels

The abolition of subsidies in China triggers a rise in prices for solar panels

China is ending the era of export privileges for the solar industry. Starting from April 1, 2026, VAT refunds on photovoltaic products will be canceled, which will trigger price increases on the global market. Manufacturers adjust FOB prices, while importers review contracts and supply budgets.

Economy

Brent plunged below $100 after an intraday surge to $119

Brent plunged below $100 after an intraday surge to $119

The oil market showed a sharp reversal during one trading session. After a jump to $119.5 per barrel, Brent futures in May dropped below $100. Volatility has increased against the background of decisions by the G7 countries and the International Energy Agency on the issue of strategic reserves and expectations for the possible release of reserves.

Economy

China has updated car market records: 34 million cars per year and exports above 7 million

China has updated car market records: 34 million cars per year and exports above 7 million

China ended 2025 with historic highs: car production exceeded 34.5 million, sales — 34.4 million. The driver was the growth of the segment of cars powered by new energy sources, which approached 16.5 million sales, and exports of vehicles exceeded 7 million units. In fact, the market is simultaneously expanding domestically and strengthening external expansion — and this is already noticeably changing the requirements for logistics, freight and supply infrastructure.

Commercial vehicles

Putin and the Iranian president discussed energy and transport in a telephone conversation

Putin and the Iranian president discussed energy and transport in a telephone conversation

Russian President Vladimir Putin and Iranian President Masoud Pezeshkian discussed the development of bilateral cooperation in a telephone conversation. The focus was on energy, transport infrastructure and the international agenda, as well as the exchange of festive greetings on New Year's Eve.

Policy

Oil supplies from Russia to India in December may fall to a minimum in 3 years

Oil supplies from Russia to India in December may fall to a minimum in 3 years

Russian oil supplies to India in December may drop to their lowest levels in three years. Analysts record a sharp drop in imports in the middle of the month, after which volumes began to recover. The situation reflects the instability of global energy flows and the sensitivity of the market to logistics and price conditions.

Economy

China has commissioned the world's first smart supertanker powered by methanol

China has commissioned the world's first smart supertanker powered by methanol

The world's first ultra-large oil supertanker powered by methanol and equipped with an intelligent control system has been commissioned in China. The vessel combines environmental friendliness, digitalization and high cargo capacity, opening a new stage in the development of marine oil transportation and global energy logistics.

Cargo transportation

The share of friendly countries has reached 86% in Russian non-primary exports

The share of friendly countries has reached 86% in Russian non-primary exports

The share of friendly countries in Russia's non-primary non-energy exports reached a record 86% in the first nine months of 2025. This was the result of the diversification of sales markets, strengthening cooperation with partners in Asia, Africa and Latin America, and reflects changes in the structure of foreign trade.

Economy

China to build the world's first "artificial sun" by 2027

China to build the world's first "artificial sun" by 2027

China has announced plans to build the world's first engineered source of thermonuclear energy, an "artificial sun," by 2027. The project will be a step from experimental tokamaks to the industrial use of controlled thermonuclear fusion and can radically change the global energy market.

Economy

Lukashenko announced Belarus' turn to the Global South and Asia

Lukashenko announced Belarus' turn to the Global South and Asia

Belarus relies on the Global South and Asian countries as key drivers of economic growth. President Alexander Lukashenko announced a large-scale reorientation of exports, strengthening technological sovereignty and launching new investment projects in industry and energy.

Policy

Russia and Nigeria intend to expand cooperation in energy, transport and digital economy

Russia and Nigeria intend to expand cooperation in energy, transport and digital economy

Russia and Nigeria intend to give a new impetus to economic cooperation. On the background of the 65th anniversary of diplomatic relations, the parties declared their readiness to expand cooperation in energy, transport, digital economy and other strategically important areas.

Economy

The new BRICS Development Bank is becoming the key financial engine of the Global South

The new BRICS Development Bank is becoming the key financial engine of the Global South

In the first ten years, the New BRICS Development Bank has become one of the most important financial institutions in the Global South, allocating funds to infrastructure, energy, ecology, and social programs. The volume of funded projects exceeded $39 billion, and the institution itself has become a key instrument for the formation of a new financial system independent of traditional Western structures.

Economy

Russia and South Africa strengthen economic partnership: new areas of cooperation and investment plans

Russia and South Africa strengthen economic partnership: new areas of cooperation and investment plans

Russia and South Africa are forming a new economic partnership based on equal conditions and mutual benefit. The countries are developing cooperation in energy, industry, space and infrastructure, discussing new investment projects.

Economy

Chinese expert: G20 summit in South Africa could be a turning point for Africa's development

Chinese expert: G20 summit in South Africa could be a turning point for Africa's development

A Chinese expert said that the G20 summit in South Africa could be a historic event for Africa. Taking place on the continent for the first time, the leaders' meeting has the potential to launch new initiatives in infrastructure, energy, and sustainable development, paving the way for Africa to play a more active role in global politics.

Policy

Russia and China maintain strong dynamics of trade cooperation despite the decline in volumes

Russia and China maintain strong dynamics of trade cooperation despite the decline in volumes

Against the background of a temporary decline in trade volumes, Russia and China continue to strengthen their strategic partnership, developing cooperation in energy, digital economy and green technologies.

Customs and International Trade

Africa sets G20 conditions: business leaders present a plan for the continent's economic breakthrough

Africa sets G20 conditions: business leaders present a plan for the continent's economic breakthrough

African business leaders conveyed recommendations to the G20 on the development of infrastructure, energy and digital integration of the continent. Special emphasis is placed on local processing of minerals.

Economy

Articles

Educational exchanges as the foundation of business interaction

Educational exchanges as the foundation of business interaction

The new year 2026 has been declared the year of education for the Russian Federation and China. Vladimir Putin and Xi Jinping have agreed to hold cross-years of education in 2026-2027. Russia and China have long been developing relations in energy, trade, innovation, and culture; now the focus is shifting to education.

EDI and IT in Logistics