Russian companies are optimistic that the sale of cheap grain and high-quality sweets will help create a climate of “comprehensive strategic cooperation” with China. However, they face completion in the Chinese market from more familiar food brands from the U.S., Australia and New Zealand. A customer chooses leisure food in a supermarket in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region. Source: ZUMA Press/Global Look Press Despite low export prices (and Xi Jinping’s craving for Russian ice cream), Russia's food producers face daunting challenges in entering a highly competitive market. Probably, the biggest problem. Read more...
Thanks to the implementation of infrastructure projects within the framework of the Eurasian Economic Union (EAEU), Russia claims 15 percent of the total cargo turnover between Europe and China, Alexander Misharin first vice-president of Russian Railways said at an investment forum in Sochi this week. Russian freight train from Russia to China. Source: Jack No1/wikipedia.org (CC BY-SA 3.0) The Russian government plans to invest $43 billion to upgrade its railway infrastructure in order to benefit from growing freight traffic between China and Europe, a senior official from Russian Railways said this week. Russia can benefit enormously from freight between Europe. Read more...
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