Moscow plans to develop major infrastructure systems that will link the country to South and Eastern Asia, the president has said
The coming decade will see Russia greatly expanding its infrastructure, particularly in the field of railroad transport, President Vladimir Putin told a major railroad industry gathering in Moscow on Friday. The planned projects would have an impact not only on the Russian logistics network but on that of the entire Eurasian continent, the president added.
Russia has been actively developing economic and trade ties with nations in Asia and elsewhere amid unprecedented sanctions slapped on it by the US and its Western allies over Moscow’s ongoing military campaign in Ukraine. According to the Russian Federal Customs Service (FTS), trade with Asia accounted for around 70% of Russia’s total trade turnover between January and September 2023.
Russia’s export to Asian nations grew by 10% from $205.4 billion to $226.6…