City Vladivostok Financial News

Vladimir Putin on Tuesday said increasing inflation had forced the central bank to hike rates to 12% last month, warning that Russia's economy would suffer if price rises were allowed to get out of control. Putin, speaking at the Eastern Economic Forum in Vladivostok, said he saw no problems with rouble volatility and said the authorities had a cache of tools to keep the currency and markets under control. The rouble hit its strongest level in almost six weeks against the dollar in early trade on Tuesday, buoyed by gradually increasing foreign currency sales by exporters and prospects that the central bank may hike rates again this week.

Chennai-Vladivostok maritime corridor, which is likely to boost maritime ties between India and Russia, is operational now, and container ships carrying crude oil, metal and textile have started coming to Indian ports, Union Minister Sarbananda Sonowal said on Monday. The Chennai-Vladivostok sea route will cover a distance of about 5,600 nautical miles. «The Eastern Maritime Corridor between Vladivostok and Chennai is operational now. Container ships carrying crude oil, metal and textile have started coming to Indian ports,» Sonowal told reporters here. The Eastern Maritime Corridor is estimated to reduce the time required to transport cargo between the Indian and Russian Ports of the Far East Region by up to 16 days. The time taken will come down to 24 days compared to more than 40 that it currently takes to transport goods from India to Far East Russia via Europe.

Subscribe to enjoy similar stories. MUMBAI : India’s port sector is on the rise, and it’s a story worth paying attention to. With over 7,500 kilometres of coastline and over 200 ports, India is becoming a maritime powerhouse.

Subscribe to enjoy similar stories. As part of its plans to ink long-term coking coal import contracts with Mongolia to meet the needs of domestic steelmakers, India is working out supply routes from the landlocked country, with plans to leverage the Russian Trans-Siberian Railways to bring coal to port city of Vladivostok and then ship it to India, and deliver coal at Chennai port. Government is also developing Estern Maritime Corridor linking eastern ports of India to Russian port in Vladivostok.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Serbia's deputy prime minister has met with Russian President Vladimir Putin and vowed that his country will remain an ally of Moscow despite its proclaimed bid to join the European Union

India-Russia ties. PM Modi and President Vladimir Putin, two of the most experienced world leaders, discussed bilateral relations and the fast-changing worldwide landscape in a five-hour conversation. If personal connection between the leaders is the diplomatic measure, the first day was successful. PM Modi received Russia's highest civilian decoration, the Order of Saint Andrew the Apostle. PM Modi's last visit to Russia, for the 2019 Vladivostok summit, signalled India's participation in the Russian Far East to establish fresh leverage to counter Chinese dominance in North East Asia. A maritime corridor from Vladivostok to Chennai to connect to the Northern Sea route was meant to protect India's Arctic energy and commodity interests. Five years later, with little implementation, the 2024 summit revisited several 2019 projects. New consulates in Yekaterinburg and Kazan will strengthen India's diplomatic ties in Russia's key regions. Bilateral relations will regain momentum only if projects in energy, fertilisers, and commodities are converted into long-term agreements. Doing so will require private sector involvement. Both governments should encourage enterprises that are willing to break new ground in investment and joint ventures, building leverage in fast-changing global marketplaces that lasts longer than trade partners.

S Jaishankar on Wednesday met his Russian counterpart Sergey Lavrov on the margins of the Shanghai Cooperation Organisation Summit and discussed preparations for Prime Minister Narendra Modi’s scheduled visit to Moscow on July 8-9 including possibility of opening of two new Indian consulates in Russia. Currently besides the Indian Emabssy in Moscow, there are two Indian consulates— St Petersburg and Vladivostok. ET has learnt that India might open two more consulates in Russia and final announcement can be made at the annual summit next week. In their first meeting since December 2023, Jaishankar and Lavrov discussed aspects of the bilateral strategic partnership, including defence, energy, trade, investment and connectivity corridors. The two ministers also held preparatory talks for PM Modi’s upcoming visit, according to people familiar with the matter.

Chicago isn’t a beacon for free markets these days, but the city has been home to some of the visionaries of today’s financial system. The Chicago History Museum this month is saluting one of those creators, 92-year-old Leo Melamed, whose journey is a reminder of an era when financial innovation changed the world for the better. Mr.

India and Russia on Saturday celebrated the 77th anniversary of diplomatic relations. The nearly eight decades of partnership has been marked by achievements contributing to special and privileged strategic partnership. Throughout decades, this partnership encompassed several areas from defence to space to trade and investments, hydrocarbon energy and nuclear power, security and space, science and fin-tech, digitalization, infrastructure and smart-cities, education and culture. Russia remains a largest contributor to India’s energy security and its defence capabilities. Currently there are efforts to a greater connectivity in the Eurasian space and are working towards an early conclusion of the FTA between the Eurasian Economic Union and India, efficient promotion of the North-South Transport Corridor and relaunching of the Vladivostok – Chennai Eastern Maritime Corridor, strengthening of the independent financial and payment mechanisms, synchronization of customs regimes, multiplication of joint ventures, expansion of tourism and humanitarian linkages.

By Lucinda Elliott and Miguel Lo Bianco

Public broadcaster NHK reported that a one-meter-high tsunami wave struck parts of Japan’s west coast along the Sea of Japan, with expectations of a larger wave following a 7.6 magnitude earthquake in north-central Japan earlier today. The Japan Meteorological Agency issued a tsunami warning for Ishikawa, Niigata, and Toyama prefectures’ western coastal regions.

Russia’s pivot to the Global South, Western, South and Central Asia is strategic and long-term. While Moscow’s partnership with New Delhi has deep mental and cultural roots, Russia-China ties does not have dimension of a military alliance, Prof. Alexander Dynkin, President of IMEMO (Russia’s top think tank) & leading economist tells ET’s Dipanjan Roy Chaudhury ahead of Primakov Readings (Russia’s premier foreign policy forum) in Moscow on October 27-28.

Kommersant newspaper reports. The move will pave the way for the Russian leader to stay in power until at least 2030. Putin has led Russia since the turn of the century, winning four presidential elections and briefly serving as prime minister in a system where political opposition has become virtually non-existent.

NEW DELHI : India expects to sign investment pacts worth ₹10 trillion during the Global Maritime India Summit in New Delhi slated for 17-19 October, Union minister for ports, shipping and waterways Sarbananda Sonowal said. In an interview, Sonowal said India is in talks with Russia to operationalize the recently proposed route of Chennai to Vladivostok, potentially reducing the maritime journey between the two countries to a mere 12 days. The development will facilitate trade between the two countries by providing a faster and cheaper way to transport oil.

Kim Jong Un received five explosive drones, a reconnaissance drone and a bulletproof vest as gifts from a regional governor on his visit to Russia, official TASS news agency said Sunday. Kim's first official visit abroad since the coronavirus pandemic has fanned Western fears that Moscow and Pyongyang will defy sanctions and strike an arms deal. On Saturday he met the Russian defence minister in Vladivostok, where he inspected state-of-the-art weapons including a hypersonic missile system. TASS said the «leader of the DPRK received five kamikaze drones and a 'Geran-25' reconnaissance drone with vertical takeoff», using the official name of North Korea. TASS said the governor of the Primorye region, which borders China and North Korea, also «offered Kim Jong Un a set of bulletproof protection» and «special clothing not detectable by thermal cameras». Kim's extended tour of Russia's far eastern region, which began on Tuesday, has focused extensively on military matters, as evidenced by his own officer-dominated entourage, a symbolic exchange of rifles with President Vladimir Putin and a tour of a fighter jet factory in Komsomolsk-on-Amur. Moscow is believed to be interested in buying North Korean ammunition to continue fighting in Ukraine, while Pyongyang wants Russia's help to develop its internationally condemned missile programme. The Kremlin has said no agreement has or will be signed. Kim also met with North Korean students studying in Vladivostok on Sunday. North Korean news agency KCNA has described the atmosphere during Kim's visit as «fervent and warm» and said a «new era of friendship, solidarity and cooperation» was opening between North Korea and Russia.

Kim Jong Un inspected Russia's nuclear-capable bombers, hypersonic missiles and an advanced warship from its Pacific fleet on Saturday as he continued a trip in Russia's Far East that has sparked Western concerns about an arms alliance that could fuel President Vladimir Putin's war on Ukraine. After arriving in the city of Artyom by train, Kim traveled to an airport just outside the port city of Vladivostok where Russian Defense Minister Sergei Shoigu and other senior military officials gave him an up-close look at Russia's strategic bombers and other warplanes. All the Russian warplanes shown to Kim on Saturday were among the types that have seen active use in the war in Ukraine, including the Tu-160, Tu-95 and Tu-22 bombers that have regularly launched cruise missiles. Shoigu and Lt. Gen.

North Korean leader Kim Jong Un stopped in a far eastern Russian city Friday to see a factory that builds the country's most advanced fighter jets on his extended trip that hints at his interest in sophisticated weaponry, as the U.S. and others warned Moscow and Pyongyang against making banned weapons transfer deals. Kim's visits to Russian weapons and technology sites and meetings with President Vladimir Putin have raised speculation he will supply ammunition to Russia for its war efforts in Ukraine in exchange for receiving advanced weapons or technology from Russia as the two nations deepen their ties while both are increasingly isolated and sanctioned in separate confrontations with the West. Russia's state news agency RIA Novosti published video showing Kim's armored train pulling into a station in the city of Komsomolsk-on-Amur and Kim's convoy sweeping out of the station shortly afterward.

Russia have agreed to train Indian seafarers in the polar and Arctic waters. The decision was arrived at during talks to widen maritime cooperation in the Russian Pacific port city of Vladivostok on Wednesday. The talks also focussed on the use of new transport corridors such as the Northern Sea Route via the Arctic (Vladivostok-Chennai route). Discussions on India-Russia maritime cooperation gained momentum when ports, shipping and waterways minister Sarbananda Sonowal met Russian minister for development of the Far East and Arctic A O Chekunkov in Vladivostok on Wednesday.

Maritime Corridor (EMC) between Vladivostok and Chennai. Both the nations also agreed on training for seafarers in polar and Arctic waters at Russian Maritime Training Institute in Vladivostok.