trade

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Cargo turnover on Azerbaijan-Russia border increases fivefold

Cargo turnover on Azerbaijan-Russia border increases fivefold

Russian Deputy Prime Minister Alexey Overchuk announced a significant increase in cargo turnover on the Russian-Azerbaijani border. He also emphasized growing importance of the western transport route between Russia and Iran for trade.

Turkey and Russia may pay for gas in national currencies

Turkey and Russia may pay for gas in national currencies

Turkey and Russia continue trade in national currencies and they can similarly pay for gas, a source in banking consulting in Ankara said when asked to comment on the situation with U.S. sanctions on Gazprombank, TASS reported. …

Russia and Iran say goodbye to dollar in mutual trade

Russia and Iran say goodbye to dollar in mutual trade

Moscow and Tehran are no longer using the dollar in mutual trade transactions and have shifted to national currencies thanks to previously signed agreements between the two countries in the financial sector, Governor of the Iranian Central Bank …

First export train heads from Baku to China

First export train heads from Baku to China

The first container train carrying export goods from Azerbaijan to China departed from Baku, Azerbaijan Railways reported. The 62-countainer train will deliver the cargo multimodally via Kazakhstan to Xi'an Port, one of China's …

Georgia's external trade up

Georgia's external trade up

Georgia's external trade turnover amounted to $19.02 billion between January-October, posting a 5.5% year-on-year increase, the National Statistics office (Sakstat) reported. Georgia's list of top trading partners …

Turkish Trade Minister talks about BRICS prospects

Turkish Trade Minister talks about BRICS prospects

Turkey has received an invitation to become a BRICS partner state, Turkish Trade Minister Omer Bolat said. "Turkey has been offered partnership. Turkey's involvement in the work of BRICS would be highly …

Russia-China trade increasing

Russia-China trade increasing

Trade turnover between Russia and China increased by 2.8% in January-October year-on-year to $202.2 bln, the General Administration of Customs of the People's Republic of China reported. Exports from Russia to China added 1.1% in …

Russia denies Auchan's withdrawal from country

Russia denies Auchan's withdrawal from country

Russian Auchan has refuted the information about the company's withdrawal from Russia. Earlier, the media reported that the chain of stores had found potential buyers.

Media: Auchan to leave Russia

Media: Auchan to leave Russia

The Auchan retail chain will sell its Russian branch. The group has already found two potential buyers. However, the sale could face difficulties due to sanctions.

Russia-Iran trade in national currencies reaches 96%

Russia-Iran trade in national currencies reaches 96%

National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS …

Georgia’s domestic exports consistently increase

Georgia’s domestic exports consistently increase

Georgian Deputy Economy Minister Vakhtang Tsintsadze said domestic exports had “consistently increased“ since June, with an overall 4.1% increase between January and September contributing to a “record” total volume of …