Russia launched the "Arctic Express No. 1" logistics express service on Friday in Moscow Oblast.
The logistics route, featuring rail-sea intermodal transportation, connects Moscow with Chinese ports, with a transit stop at Arkhangelsk port in northwest Russia via the Arctic Ocean.
The 13,000-km route is expected to slash transportation time to 20 to 25 days, a reduction of at least 20 days compared with the traditional route via the Suez Canal.
At the inauguration ceremony, Chinese Ambassador to Russia Zhang Hanhui said the opening operation of the Arctic Express No. 1 will not only inject new momentum into development of logistics and transportation between the two countries, but also effectively promote all-round cooperation including bilateral trade, investment and technological innovation.
Russia launches logistics express services to China
Mexico will unveil retaliatory tariffs against the United States on Sunday, President Claudia Sheinbaum announced on Tuesday, condemning the U.S. tariff hike as "unjustified."
Sheinbaum, who had called for "temperance, serenity and patience" ahead of the tariff enforcement, reaffirmed that Mexico would not tolerate subordination or foreign intervention. She also accused Washington of violating the United States-Mexico-Canada Agreement and rejected White House claims linking her government to organized crime, calling them "offensive and baseless."
The 25-percent U.S. tariffs, which took effect at midnight between Monday and Tuesday, have already impacted Mexico's financial markets. The Mexican peso depreciated nearly 1 percent on Tuesday, reaching 20.90 per U.S. dollar in interbank trading. Analysts attribute the decline to concerns over escalating trade tensions, warning that further U.S. tariff hikes could follow.
With roughly 80 percent of Mexico's exports heading to the United States, analysts warn that the dispute poses significant challenges for both economies.
Despite the ongoing tensions, Sheinbaum emphasized that Mexico remains open to dialogue while preparing countermeasures to safeguard its economic interests.
Mexico to impose retaliatory tariffs on US: President
