Russia Economy Thread

[pmc]

Some construction numbers released at Kazan Islamic forum by Deputy PM. The size of Russia residential construction is seem equal to 450m EU residents. there will be more single family homes in Russia. and this construction capabilities were developed in large part building Mosques. Land transport increase 11%. This real GDP.

Khosnolin revealed that despite the sanctions and the special military operation, the highest construction rate was recorded in 2025, reaching 150 million square meters, and land transport operations increased by 11%

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Smaller cities is priority.

77 million artifacts: Russia opens its "cultural memory"​

Russian Culture Minister Olga Lyubimova presented the Organization of Islamic Cooperation with unprecedented figures reflecting the scale of her country's museum heritage, paving the way for a historic cross-border cultural partnership
T

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witnessed a notable Russian presentation of its policies for developing cultural infrastructure, with a focus on revitalizing smaller cities as a strategic priority.

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this often overlooked and is related to small towns and private homes. Russia has enormous Solar and Wind potential and it is already implemented off the grid due to distance.

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Rosatom will complete construction of wind farms in the Caucasus and expand to the Far East.​

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This is Wind turbine for world largest oil Project up in Arctic. total will be upto 3.6GW.

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The State Expertise Committee has approved the design for the first stage of the wind farm for Vostok Oil.​

May 14. FINMARKET.RU - The project to build the first phase of a wind farm on the coast of Sever Bay in Krasnoyarsk Krai to supply the Vostok Oil project has received a positive conclusion from the Main Directorate of State Expertise, according to the Unified State Register of Conclusions (USRZ).
The developer of the project is Vostok Oil LLC (operator: RN-Vankor, part of Rosneft (MOEX: ROSN)). The wind farm's capacity will be 50 MW. Public consultations on the project were held in August-September 2025.
The construction of a wind farm in Sever Bay is planned as part of the Vostok Oil project to develop oil fields in Taimyr. The project's resource base is 6.5 billion tons of premium, low-sulfur crude oil. It includes 52 licensed areas in the northern Krasnoyarsk Krai and the Yamalo-Nenets Autonomous Okrug, containing 13 oil and gas fields, including the Vankor and Payakha clusters.

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Putin: Our strategy based on innovation, not imitation, has proven successful.​

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Putin says Russia science and Industry has enormous potential and the list is long.

 

[pmc]

Ruble is world best performing currency. Soft Power theories are proven correct.
Russia is the only country that can produce full cycle Civil Airliners/Helicopters and most of things in
Mining/Petro-Chemical/housing/Pharma/Health Systems/Software etc and very suppressed values of Military Industrial complex. and this has reduced imports and made Ruble the strongest currency.
Countries like Germany and Japan depends on imported components and Science that include that Covid vaccine. Since they dont control Science they dont understand what is happening to them

Bloomberg: The ruble is the best performing currency in the world​

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Professor at Moscow State University is recommending.

The development of Islamic banking in Russia​

Professor Marklin Konurbayev of Moscow State University sees no justification for keeping the fair and transparent system confined to four regions, "as entrepreneurs seek honest partners, and this ethical model is gradually becoming more common in the business community. The 3.5-fold increase in transaction volumes, according to Moscow Exchange data for 2025, forms the technical basis for replicating partnership models. The successful experiment in Tatarstan also sets a precedent for integrating other regions into a unified legal framework.

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Just think about it. Russia is a country in conflict and has some thing like million extra people inside Ukraine and i am sure they need medical support but Russia want to expand its medical services to Islamic world which is fastest growing population in the world. Soft Power is too important.

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May 15, 2026

Bashkir State Medical University's experience in developing medical tourism was presented at the International Economic Forum "Russia - Islamic World: Kazan Forum"​

The 17th International Economic Forum "Russia – Islamic World: KazanForum" is taking place in the capital of Tatarstan from May 13 to 15. The event brought together representatives from over 100 countries.

The Republic of Bashkortostan and the Bashkir State Medical University of the Russian Ministry of Health were represented at the forum by Valentin Nikolaevich Pavlov, Rector of the Bashkir State Medical University of the Russian Ministry of Health, Academician of the Russian Academy of Sciences, and Professor.
The rector served as an expert in the panel session "For Health in Russia," moderated by Evgenia Grigoryevna Kotova, Deputy Minister of Health of the Russian Federation.

The panel session is dedicated to the development of medical tourism and the export of Russian medical services to Islamic markets. The key question is: how to combine high technology with human and cultural comfort so that a patient from Jeddah or Dhaka chooses Moscow, Kazan, or Ufa first, not last?

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At the 17th International Economic Forum "Russia – Islamic World: KazanForum," Russian Deputy Minister of Health Evgenia Kotova announced the growth of medical tourism in Russia. According to her, foreign patients are increasingly choosing Russian clinics due to the high level of specialist training, modern facilities, and affordable treatment costs.

Kotova noted that Russian medical institutions are prepared to accommodate the religious and cultural sensitivities of visitors from other countries, including providing services in accordance with halal medical standards.

"Over the past six years, approximately 27 million medical tourists have chosen Russia for medical care. Approximately two million children from abroad have received treatment in our country. Moreover, over the past three years, the number of such patients has increased by approximately 20 percent annually," the Deputy Minister emphasized.

I think China has skill labor that can manage this complex scale of project and China also want to get closer to Iran. These countries have TFR greater than 3 except Iran.

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Russia plans to build a highway along the Caspian Sea with access to Afghanistan, Iran, and Pakistan.​

Russian authorities are discussing China's participation in the construction and financing of the Caspian Sea pipeline.
May 19, 2026 G.
Russia is discussing China's participation in the construction and financing of a highway along the Caspian Sea with access to Iran, Afghanistan, and Pakistan, Russian Deputy Prime Minister Marat Khusnullin said in an interview with RIA Novosti.
"Of course, we're eager to build transport infrastructure not only with budget funds but also with extra-budgetary ones. We've currently selected around 20 transport projects. They've been reviewed by the Ministry of Transport and received a confirmation from the Ministry of Economy that they have a sound economic foundation and provide a good basis for development," Khusnullin said in an interview with RIA Novosti at the international economic forum "Russia - the Islamic World: KazanForum."
According to him, the possibility of attracting foreign investment in the implementation of road projects is being considered.
"One of these serious issues is attracting foreign investment. For example, we are very concerned about creating an eastern highway corridor along the Caspian Sea—Russia, Kazakhstan, Turkmenistan, access to Iran, and further access to Afghanistan and Pakistan. At the forum, we discussed with our Chinese colleagues the possibility of not only Chinese participation in the construction but also the possibility of attracting funding. In other words, we are exploring various financing options," the Deputy Prime Minister said.

This is South Korea. There is growing dependency on Russian transport network and sanction waivers. Russia is second largest supplier of LNG to Europe. if these sanction waivers continue there will be time that Russia exports to India will decrease.

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Korea is entering the Arctic. In September 2026, South Korea plans to organize a test voyage along the Northern Sea Route.

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[pmc]

As the title says. The scope of North Sea route will get expanded since more countries are showing interest post Hormuz. They want to build productive cities along Siberian rivers. River transport can be electric as there some River electric Vessels already built for passenger transport.

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The Northern Sea Route will be expanded as foreign investor interest grows.​

How they want to expand the Northern Sea Route​

In the future, the Northern Sea Route is planned to be expanded to include river, rail, and road transport, said Andrei Nikitin.

"From the traditional sea route from the Kara Gate to the Bering Strait, it (the Northern Sea Route – Ed.) is being transformed into a comprehensive transport system integrating rail, river, and road transport. This multimodal approach creates a unified logistics chain, improves supply reliability, and expands freight transportation capabilities in the Arctic region," the minister noted.
On a map, the expansion will look like this: the Arctic ports of Arkhangelsk, Murmansk, Naryan-Mar, Dikson, Pevek, and Anadyr will be connected to Siberian rivers, carrying goods from the interior of Russia. This will create continuous logistics chains from highways and railways through the Yenisei, Lena, and Ob river basins to the Arctic Ocean, Mikhail Dyakonov explained to Izvestia. In Yakutia, for example, a multimodal route is being developed: Mohe (China) – Dzhalinda – Nizhny Bestyakh – Lena River – Naiba port – the Trans-Arctic Transport Corridor.

"The logic is to integrate the NSR into a unified network of northern corridors, where the maritime section becomes the main external link, and domestic shipping occurs by river, rail, and road. This model potentially offers Russia a far greater impact than simply increasing the number of transits along the Arctic route," Kirlan Marchel, associate professor at the Financial University under the Government of the Russian Federation, explained in an interview with Izvestia.
Including Siberian rivers in the route would provide a huge boost to the region's economy and, most importantly, would lead to increased freight traffic along the NSR, noted Boris Martsinkevich, editor-in-chief of the analytical journal Geoenergetika.Info. For example, new wood processing plants could be built at river mouths where timber could be floated. It would be logical to launch large-scale wheat exports from the Omsk and Tomsk regions, where agricultural production is growing. Coal deposits, currently undeveloped, would also be developed. However, the main problem facing this route is the shortage of river transport and construction plants.

They are adding Vietnam to Transarctic corridor. This Trans-Arctic corridor is by agreement with each country.

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Russia, Vietnam sign maritime cooperation plan for up to 2030​

MOSCOW. May 22 (Interfax) - Russian presidential aide and Maritime Board Chairman Nikolai Patrushev and Vietnamese Deputy Prime Minister Phan Van Giang have signed a plan for maritime cooperation between the two countries for the period up to 2030.

Participants in Russian-Vietnamese consultations on maritime issues held in Moscow on Friday discussed cooperation in naval activity, shipbuilding, ship repairs, and maritime personnel training.

They paid particular attention to interaction in promoting the safety of merchant shipping and discussed military-technical cooperation and the joint use of the Trans-Arctic Transport Corridor in the interests of both countries.

Officials from Russian and Vietnamese ministries and other agencies and representatives of several shipbuilding corporations took part in the consultations. Phan Van Giang, whom the Vietnamese leadership authorized to engage with the Russian Maritime Board, arrived in Moscow at Patrushev's invitation.

It is not just Vladivostok but Khabarovsk NPP also and depending on cities built for Electrograd more Nuclear Power plants built in Far East Siberia with Arctic can be part of floating nuclear and Wind mills. This is biggest Mineral and Industrialization and there is presumption Russia prefer high Gold and mineral prices over Oil prices.

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The first nuclear power plant in the Far East will begin construction 80 km from Vladivostok in 2027.​

Title may not be entirely accurate but Russia is now capable of building Nuclear reactors in more than dozens of sites Simulatneously. Number of Sites does not equal number of reactor construction. as there can be many reactors at same site. Without question Russia is world biggest nuclear construction manager.

This figure released in 2026 for 2024 is higher than known averages of Russia gold production.

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Rosnedra: Russia's gold and silver reserves are growing faster than their production.​

According to him, the increase in gold reserves amounted to 542 tons, while production in 2024 was 477.6 tons. For silver, the figure is even higher: reserves increased by 4,400 tons with production of 2,400 tons.

This Russia 5G from satellites tested for remote regions. Russia directly going to Starlink type services.

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This Russia extend of Russia economic interests in Africa excluding North Africa. (integrated with Royal Kingdoms). this Space based internet will greatly help.



There is some thing interesting behind this direct trade numbers. 70% of Japanese exports are Vehicle spare parts. now Japanese Auto industry is very globalized. Just about every country in the world makes parts for Japanese autos and China and South East Asia likely to be cheaper parts. so these highly likely parts for the higher end vehicles. The vehicles that only Japan domestically manufacturer. if the direct part is so high than the indirect will be even higher. and this Japanese auto industry pre-globalization (1991) Russia wanted to replicate and there is work going on in that direction that i will comment later.
see this example. This vehicle is very narrow. It was built for narrower roads and turns. EVs are not narrow vehicles nor they are light.
That narrow and light vehicles trend was started by Japanese on large scale.

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Japan-Russia trade turnover gains 23% in April to $679 mln — TASS calculations​

Exports to Russia rose by 28% to 39 bln yen (around $246 mln). The main driver was a 23.6% increase in vehicle shipments to Russia, while spare parts shipments fell by 26.4%. Spare parts are the main Japanese export to Russia, accounting for around 70% of all shipments.

 

[pmc]

This normally happen when Russia find new source of skill labor to accelerate projects.

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Putin ordered the acceleration of Arctic development projects​

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Putin ordered the formation of a fleet for northern deliveries​

Russia plans to create a separate fleet to handle northern deliveries. Russian President Vladimir Putin issued the corresponding order following a meeting with government members on April 23. The document was published on the Kremlin website.

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Putin: Russia and Kazakhstan are strengthening their partnership in rare metal mining.

one of the Speaker is daughter of Shoigu who last year mentioned Russia should have separate rare earth industry. now Russia highly likely to have two Rare Earth industry clusters and could become largest supplier in world of refine products based on rare earth.
Shoigu has extensive experience with weopon used in Ukraine conflict. This is like skill development across many countries.
I doubt any one except China can assemble such workforce and energy.

The Angara-Yenisei Cluster: How a New Rare Earth Metals Industry is​

Being Created in Siberia​

• Rich resources: the region boasts large deposits of essential metals.
  Powerful energy: the Angara-Yenisei hydroelectric cascade already generates approximately 25 GW of excess electricity.
  Developed industry: there is a foundation upon which new production facilities can be built.
  Strong scientific schools: local universities and institutes are ready to supply personnel and technology.
  Vast expanses of land: factories can be built while adhering to all environmental standards, without disturbing urban areas.
• Materials. A dedicated Additive Materials Science Center will develop and produce metal powders for 3D printers, including those made from rare metals. These materials are needed for printing turbine parts, spacecraft, and automobiles.
• Certification. To ensure parts can be used in critical industries, they must be tested. A dedicated laboratory will be created for this purpose. Without it, 3D printing will remain at the prototyping level.
• Manufacturing. An Additive Manufacturing Center will open in 2028–2029, offering custom 3D printing services. Companies won't have to purchase expensive equipment—they'll simply be able to order the components they need.

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Shoigu stated the need to create an industry for the development of rare earth metals independent of China and the United States.​

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As we can see, there are not many specifics yet, but it is possible to assume that workers from Afghanistan will be able to work in the Russian mining and metallurgical sector, especially since they have some experience.
Afghanistan is often considered one of the richest countries in the world in terms of untapped mineral resources. According to a 2021 report by the US Geological Survey and the Afghan Ministry of Mines, their total value was expected to exceed $3 trillion by 2025.
Afghanistan's geological profile is the result of hundreds of millions of years of tectonic activity, which has created complex, mineral-rich zones across the country—from Badakhshan province in the northeast, where gold deposits are complemented by long-established lapis lazuli mines, to the marble quarries of Nangarhar and Kandahar

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A new class of layered compounds of rare earth elements has been discovered​

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Experimental lithium mining will begin in the Murmansk region this year

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Rosatom has developed a technology for producing material for high-power batteries​

"Rosatom's Fuel Division specialists from the Rosatom Chemistry Research and Development Center have developed a pilot technology for producing high-voltage lithium cobaltate—a key material for producing high-power lithium-ion batteries. The modified cathode material retains the key advantages of classic lithium cobaltate: stability during long-term cycling, power output, high bulk density, and high lithium diffusion coefficients. It differs from the existing solution in its modified crystal shape and adjusted chemical composition, which allows for higher battery charging voltage and, consequently, increases the energy capacity of the batteries by more than 15%," the press service noted.

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KAMAZ will reach a new level and expand the production of unique special-purpose equipment.​

I think these EV are better in single family homes or low rise building with outside parking lots and thats what they are encouraging.

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The Ministry of Emergency Situations has demanded that electric cars be isolated from other vehicles in parking lots.
"Requirements have been established for parking buildings and structures, as well as measures to limit the spread of fire in areas where electric vehicles and charging equipment are located," the agency said in a statement.

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Russia has developed a technology for extinguishing lithium batteries​

A characteristic of such power sources is their extremely high fire and explosion hazard. Furthermore, fires involving lithium batteries cannot be extinguished using water, water-foam, or dry powder extinguishing agents.
"Lithium-ion batteries burn at very high temperatures, often exceeding the capabilities of standard fire extinguishers. When burning, they release corrosive and toxic gases such as hydrogen fluoride, carbon oxides, and others. Ordinary water may not prevent their spread. Gas accumulation inside the battery casing can lead to an explosion, posing a danger to firefighters and bystanders. Standard extinguishing methods may not be able to cover all sources of fire within the battery's complex structure," Sergei Tolkachev, a professor at the Financial University under the Government of the Russian Federation and a doctor of economics, told TASS.

 

[pmc]

Just think who popularize Gold on this scale that Russia may even be number in 1 in production and private ownership.

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Manturov called the arrival of gold miners in the REE region a positive trend​

The expansion of rare and rare earth metal projects to include gold mining companies is a positive trend, Russian Deputy Prime Minister Denis Manturov stated in an interview with Kommersant, commenting on Areal's participation in such projects, among others.

The size of project keep increasing. Russia Sodium batteries already in production. I fully expect science to accelerate at speed of rocket.

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Rare and rare earth elements. Russia will build 13 plants to produce ultra-pure metals.​

"The project is expensive and requires security. We carefully selected safe areas for construction. But another aspect is also important: all these factories we plan to build are very energy-intensive, and we can't do without additional energy. The region has significant hydroelectric potential: it has a surplus of electricity."

But given that we'll need to build 13 plants, including hydrometallurgical facilities, additive printing plants, and many others, the region's energy load will increase significantly. Therefore, we will develop energy infrastructure in parallel with industry.
You plan to build 13 factories. What will you produce there?

"There may even be more. We have several challenges we'd like to address. For example, we want to develop a completely domestic lithium-ion battery."

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Russian and Israeli scientists have created a new anode material for sodium-ion batteries.​

In Russia largest economic forum in Saint Petersburg the land of Eagles was represented by Gold.

https://twitter.com/i/web/status/2062177064195916025

30 Agreements signed between Saudi and Russia. Saudi mining and industrial minister exclusive lecture.

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https://twitter.com/i/web/status/2062886616926924819

The speed of trade increase with Uzbekistan is astounding. Russia gives preference to high TFR countries and they are now proposing online human capital development. Russia is creating large Mineral development across Central Asia and Afghanistan. which will ultimately transform these regions into manufacturing hubs and Russia will be free from Sea Imports.

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Russia-Uzbekistan trade accelerates growth by 30.0% in the first quarter​

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Russia and Kazakhstan completed the world's first international unmanned cargo transport.​

I think its first export of Russia SMR reactor. Russia total building 4 reactors. 2 SMR and 2 VVER in Uzbekistan.

https://twitter.com/i/web/status/2062642370605355027

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There are two largest Auto groups expected in Russia divided by core technological direction. It will become obvious with time. any country making millions of drones can make millions of automobiles. Only Asian countries have made cheaper EV Bus.

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Sergey Kogogin: KAMAZ is focusing on the K5, service, and new markets.
"Moscow consistently purchases 300-400 electric buses per year, but this is not a typical customer. The equipment we produce for the capital is truly complex and high-tech. The regions simply don't need it. For them, the key issue is price," the head of KAMAZ noted.The solution must be a fundamentally new vehicle that can compete on par with traditional diesel buses in terms of cost of ownership. This breakthrough has already occurred in some Asian countries, and they even avoided the intermediate step of hybrids, as the leap was achieved thanks to the affordability of ownership.KAMAZ expects to find a technical solution for the cheapest electric bus version this year and assemble the first industrial prototype next year. According to Kogogin, such a model could significantly change the passenger transport market.

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At the SPIEF, they proposed revolutionizing the auto industry.​

Russia needs to create not just cars, but a new mobility ecosystem. Igor Povarazdnyuk, CEO of Kama JSC (manufacturer of the Atom electric vehicle), stated this at a session of the St. Petersburg International Economic Forum (SPIEF).
"The most important thing is the Russian consumer, who is one of the most advanced in the world in terms of shared mobility and one of the most demanding in terms of user experience and user interface. Our people are accustomed to high-quality digital products—and this is our strength, which we must leverage in building the mobility of the future," noted Igor Povarazdnyuk.
He emphasized that by 2050, Generation Z and Alpha will become the market's primary audience, and that this is the timeframe for the technological maturity of autonomous driving, electric vehicles, and AI-based operating systems. In this regard, the speaker pointed to the combination of Russian assets: the electric platform and operating system of the Atom project, Rosatom's expertise in nuclear energy and battery production at gigafactories, and the artificial intelligence solutions of domestic IT giants.
According to the head of JSC Kama, the architecture of the future mobility ecosystem should include three key elements: highly personalized interfaces, an AI-powered operating system, and shared mobility in the form of robo-sharing powered by autonomous vehicles. Such a system, he envisions, should become the city's infrastructure—a unified, highly centralized architecture where electric vehicles serve as the "atoms" of the new urban mobility, and at its core lies a Russian platform, autonomous driving software, and battery, all powered by a single central processor. It is this approach, Povarazdnyuk emphasized, that ensures a rapid update cycle for content and functionality, which is critical in the era of personalized user experience.

Aurus went further upscale with materials and tech. Expect to pay $700,000 each. when old version already aim so high. It was built for Royal standard from ground up. the only car where all UAE Royals present during its demonstration. think how much upscale will be new version from prior version.
There is cheaper Chinese based Aurus but that is $150K.

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[pmc]

This is not minor technical achievement. Russian auto industry tire rim size was always much smaller than rest of world this is due to offroad and Snow requirements, lighter vehicles without requirement of instant torque of turbo engines and EV.
Only Pirelli with its joint development with Rostec met that new energy vehicle requirements.
now this transition is happening so the tire has to bear more loads and instant torques with higher quietness and fuel efficiency on top of re-starting foreign investment factories. why tire so important because more and more mining and manufacturing will happening inside Russia and across CIS. fully Robotic trucks that potentially work 24 hours both on long drives and close large factory environment. when they are working on such schedule with minimum workers the tires should have absolute top quality and longer life span. Just like Aviation tires.

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Russian tires are no worse than imported ones: 5 summer models that have passed the test on asphalt and off-road.​

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Wildberries: Russian tires are replacing imported ones

Fully Robotic Trucks are level 5 Cabinless.

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Russian robotic trucks have been updated to work in snow, fog, and rain​

Long article about Russia energy storage, data center, Electric and hybrid ships from NPK. They are developing projects with ASEAN like Vietnam, thailand and Mideast.

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How Russia is creating energy systems for electric ships​

Is there interest in your solutions abroad?

— Yes. We're currently developing projects for Vietnam, Thailand, and the Middle East. Many countries are introducing environmental restrictions in their waters. For example, only electric-powered vessels are now allowed into certain bays.

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Using UAVs for Overhead Power Line Installation: First Practical Experience in Russia​

Russia-ASEAN meeting in Kazan. Gold is the theme which is continuation of Saint Petersburg and basically Philippine President and Singapore PM arrival they consider as success and Putin speech alluding to thousands of SEA students studied in Russian universities. basically using Russian science and resources to propel world economies and enhance ASEAN.

This Russia most ambitious project to push trade still North- South just because of Population growth.

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Exports to Iran via the International North-South Transport Corridor increased by 56 percent in four months.​

Russian Transport Minister Andrei Nikitin stated that exports to Iran via the North-South International Transport Corridor (INSTC) increased by more than 56% in the first four months of 2026. Overall, freight traffic along the entire corridor increased by 87%, and by 98% on the Trans-Caspian route through Kazakhstan and Turkmenistan.

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Iran and Russia are accelerating work on the International North–South Transport Corridor (INSTC) and expanding civil nuclear cooperation, including a $25 billion memorandum signed in 2025 for a major new power plant in Hormozgan, Iran’s ambassador to Moscow says.
Tehran (ISNA) - In remarks at an online scientific and practical conference on "Russian-Iranian Cooperation in a Changing World," jointly organized by the CIS Institute and Iran’s Center for Political and International Studies, Ambassador Kazem Jalali outlined the growing scope of bilateral economic ties.
Jalali said the INSTC – a strategic multi-modal route linking Russia and northern Europe to the Indian Ocean and South Asia via Iran – has become increasingly vital given emerging threats to international waterways and chokepoints.
Nuclear cooperation: from Bushehr to Hormozgan

Turning to civil nuclear energy, Jalali said cooperation remains a cornerstone of bilateral ties. The Bushehr nuclear power plant is now operational, with second and third units under construction. He thanked Russian partners for gradually returning engineers and specialists to Iran to advance work on those units.
In the medical sector, Jalali said research and operational cooperation between Iran and Russia on radiopharmaceuticals is growing rapidly.

"Iran has made remarkable progress in this field," he said. "We now produce 70 radiopharmaceutical products. In 2025, Iran ranked among the world’s top three producers of radiopharmaceuticals – demonstrating that our use of nuclear technology is strictly for peaceful purposes."

The ambassador’s remarks underscored how Tehran and Moscow are systematically deepening economic and technical cooperation across transport, energy, and nuclear medicine, even as both countries face Western sanctions and shifting global trade dynamics.

The conference was held in Moscow and included senior officials and academics from both nations. Jalali’s comments focused on bilateral economic and technical cooperation, with additional remarks addressing broader geopolitical issues unrelated to trade.

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[pmc]

It starting this year. World largest Oil field terminal in Arctic. They are still spending $420b over next 10 years in Arctic development. Russia has one of lowest construction costs for complex projects. Compared to other countries Russia has unlimited GDP.

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Rosneft plans to launch a port in September as part of the Vostok Oil project.​

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Arctic Leap: A Half-Century Strategy, Investments Today, and the Environment of Tomorrow​

When discussing Russia's future, our gaze increasingly turns to the world map—to the vast resources and strategic interests of the country located beyond the Arctic Circle. 2026 was a turning point: at the St. Petersburg International Economic Forum, they weren't just discussing plans—they were shaping the Arctic's image for decades to come. A region that was recently perceived as a harsh periphery is now transforming into a major economic hub, a testing ground for breakthrough solutions, and a magnet for private capital. The scale of the tasks is impressive: we are essentially redeveloping vast territories, combining logistics, industry, and ecology into a single project of national significance.
According to the comprehensive plan, over 30 trillion rubles are planned for regional development over the next ten years. Flagship projects include the Pacific Railway, which will connect the Elginskoye field with the coast of the Sea of Okhotsk, and the Amur Hydrometallurgical Plant. As part of the master plans for the development of key communities, 33 facilities have already been completed, another 83 are in the active phase, and over 500 infrastructure facilities are planned for construction by 2035.

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How the Trans-Arctic Transport Corridor is changing the global logistics map​

Most of the transport arteries supporting global trade are currently under the direct or indirect influence of the United States and its allies. Under these circumstances, the Northern Sea Route, part of the larger Trans-Arctic Transport Corridor project, has acquired strategic importance for Russia.

The Third Transport Ring (TTR) is a route linking eastern and western Russia via the northern seas and land routes. Its maritime section, including the Northern Sea Route, is approximately 14,000 kilometers long. Another 10,000 kilometers are covered by land infrastructure—railways, roads, and inland waterways.

The starting point for the rebranding of the Northern Sea Route into the more ambitious TTK project was Russian President Vladimir Putin's speech at the International Arctic Forum in Murmansk in March 2025. The head of state described the route as a strategic project, the culmination of which would be a multimodal corridor from the Baltic to the Pacific Ocean.

Advantages over traditional routes​

The Third Transport Ring is expected to facilitate freight transit between Europe and Asia with minimal time and resource expenditure. Compared to transport corridors passing through the Suez Canal, the Third Transport Ring shortens the route by 30–40%. Travel from Shanghai to Hamburg via this transport artery takes approximately 20 days, compared to 30–35 days via the Suez Canal.

The Ministry for the Development of the Russian Far East emphasized that the Third Transport Ring plays a key role in developing the Arctic's investment potential. It is the most efficient logistics route for distributing products manufactured in Russia's Arctic zone and the Far East, including for export.

Cargo base and international cooperation​

According to government plans, freight traffic along the Third Transport Ring should reach 109 million tons by 2030. The bulk of the freight traffic is made up of large Russian companies: Novatek and Rosneft (energy), Norilsk Nickel (nickel, copper, and platinum), and Russian Platinum and Severnaya Zvezda (precious metals and coal).

The NSR carries not only Russian but also transit cargo. China and Russia have signed a roadmap to achieve a target freight flow of 20 million tons by 2030. Discussions are underway with India regarding deliveries via the Third Transport Ring (TTK), with the target freight flow reaching 5 million tons by 2030. The possibility of establishing a joint working group on the NSR with the Republic of Korea is also being explored; a pilot voyage by a Korean carrier could take place as early as this year. Indonesia and Vietnam are also among potential partners.

Such an ambitious project requires significant funding. The authorities plan to address this issue by attracting investors, including foreign ones. Vladimir Putin instructed the government to consider creating international consortiums to develop ports, logistics centers, and the Third Transport Ring's infrastructure.

The fleet of nuclear-powered icebreakers is expected to grow to 11 units by 2030. A total of 97 ice-class vessels will be required to support the cargo base. Year-round navigation for Arc7-class vessels is expected to expand between 2031 and 2035, with sustainable year-round transit expected to begin in 2036.

Saudi natural resource Minister made tweet few days after the Saint Petersburg Economic forum. This forum was all about Royals and there people across Central Asia. This rarely happens but scale of meetings of just one minister. Russia is adopting comprehensive programme of teaching Arabic in Public Schools.

https://twitter.com/i/web/status/2064245286403248589

https://twitter.com/i/web/status/2069503255617364182

This Vietnamese PM came to Kazan for ASEAN summit. the first thing that was observed he came a day earlier and did all the local meetings and next day morning before opening of the summit he went to outdoor Industrial exhibition. that was his interest that he wanted to visit and he spent so much time outdoor that there is no info that he went indoor. which essentially exhibition of younger generation unique products.
Kazan is a place of global Islamic summits every year and this year its Capital of Islamic Culture. so they have to put reminder that he is the PM of a Socialist republic. based on analysis Vietnam has high potential of implementing modern Science.

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