Swiss companies consider Russia and the Eurasian Economic Union as an important market with a high growth potential, the head of Switzerland’s Department of Foreign Affairs Ignazio Cassis said in an interview with TASS published on Wednesday.
Russian Minister for North Caucasus Affairs Sergei Chebotarev reiterated on Monday that his country is eyeing stronger economic relations with Iran, and asked the two countries to appoint special envoys to follow up the expansion of bilateral ties.
Presidents of Iran, Russia, and Azerbaijan will convene in the Russian resort city of Sochi in August to further work on ways to boost tripartite cooperation to form a strong regional bloc of trade and transit.
China's trade volume with the Shanghai Cooperation Organization (SCO) stood at $337 billion in 2018, a rise of $47 billion since 2013, with Russia and India emerging as Beijing's biggest trading partners within the Eurasian bloc, according to a recent study by the Shanghai Cooperation Organization United Center for Business Cooperation, a copy of which was provided exclusively to CGTN Digital.
Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
After days of wrangling over the wording of a communique, finance chiefs from the world’s largest economies have warned that escalating trade and geopolitical tensions pose the biggest risk to global growth.