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East Asia
China Imports Record Volume of Russian Oil
China increased its imports of Russian oil to a record of 5.2 million tons in May — roughly 1.24 million barrels every day, the Reuters news agency reported Tuesday. In annual terms, China’s oil imports from Russia in May rose by 33.7 percent, Reuters reported, citing data from the Chinese…
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East Asia
Xi urges prioritization of China-CEE ties in China-EU partnerships
By Zhao Cheng from People’s Daily Chinese President Xi Jinping reiterated the significance of cooperation between Central and Eastern European (CEE) countries and China, also known as “16+1 cooperation,” in China-EU partnerships during his meeting with Serbian Prime Minister Aleksandar Vucic last Saturday, the second day of his three-nation trip.…
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Central Asia
EU to extend anti-Russia sanctions
European Union agreed to extend economic sanctions against Russia until late January 2017. According to Sputnik, the summit of EU leaders is scheduled for June 28-29. Extending the EU economic sanctions against Russia, which are due to expire in July, is likely to be on the summit’s agenda. Relations between…
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South Asia
Kazakhstan’s trade with CAREC countries reaches $22 billion
The volume of trade turnover between Kazakhstan and the countries of the Central Asia Regional Economic Cooperation (CAREC) increased from 17.5 to 22 billion dollars from 2010 to 2015, Vice-Minister of National Economy of Kazakhstan Timur Zhaksylykov has said today during I Forum of the analytical centers of Central Asia.…
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East Asia
SCO expected to embrace new members in upcoming Tashkent summit
By Zhao Cheng from People’s Daily The heads of state from the Shanghai Cooperation Organization (SCO) countries are expected to take India and Pakistan to the next stage in a process of attaining full membership at the Tashkent summit to be held in late June. If so, the SCO will…
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East Asia
Diplomat hails fruitful China-Serbia cooperation
By Qiang Wei from People’s Daily As Chinese President Xi Jinping readies to kick off his Central and Eastern European trip on Friday, Chinese Ambassador to Serbia Li Manchang hailed the fruits reaped by the practical cooperation between the two nations in an article published by People’s Daily. Li cited…
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East Asia
Poland to benefit from China-Europe freight train service
By Peng Min from People’s Daily With the official launch of the China-Europe freight train service on June 8, Poland, as an important country along the “Belt and Road” route, will significantly benefit from the freight network thanks to its geographic location and labor costs. During Polish President Andrzej Duda’s…
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Central Asia
Eurasian Union to hold expert talks with Iran
Member-countries of the Eurasian Economic Union (EAEU) will hold expert-level talks on creating a free trade zone (FTZ) with Iran at the end of June, Russia’s First Deputy Economic Development Minister Alexei Likhachev told TASS on June 16. “The talks are scheduled for late June. These will be consultations at…
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Central Asia
“Turkey seeks reconciliation with Russia”
Turkey, which bears primary responsibility for the tension, was expected to be the first to seek to settle disagreements – and it has been doing so for several months, expert in Turkic studies Gevorg Petrosyan told Tert.am as he commented on the latest developments in Russia-Turkey relations. “I think it…
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Central Asia
Western Europe remains Russia’s largest foreign investor
Russia retained the eighth position among European countries by level of foreign direct investment, Tass reports. The number of foreign direct investment (FDI) projects in Russia grew 61% to 201 in 2015, which made Russia one of the leaders in terms of growth rates of the number of such projects,…
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