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    Despite Covid-19, Russia-China Trade Is Up 5% In 2020

    Although Russia and China have operated a closed border now for six weeks, trade volume between the two countries increased by 5% Year-On-Year in the period January-March 2020, according to Vladimir Oschepkov, the Russian consul general in Harbin. “According to our estimates, the volume of cargo transportation between our countries is gradually increasing.” the diplomat has said.

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    Russia & Coronavirus: Business Updates

    Россия и Коронавирус: Бизнес Обновления Last updated March 30. Глобальные вспышки вируса Covid-19: координация ваших бизнес-операций из дома. Читать здесь Current Russia Coronavirus Updates Cases in Russia have now risen to 1,836. Cases in Russia have risen to 1,534, with over 1,000 of these in Moscow. The capital is now in lockdown and the entire[…..]

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    Russia To Defer All Business Taxes Except VAT For SME’s Until October

    As part of the economic boost to support Russian businesses during the Covid-19 pandemic, President Putin announced yesterday that the Government will provide tax deferrals for all taxes for small and medium-sized businesses, with the exception of VAT, for the next 6 months. In addition to such deferrals, a deferment on insurance contributions to social funds[…..]

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    Russia- South Korea Free Trade Talks Continue – EAEU FTA On The Cards

    South Korea’s Ministry of Trade, Industry and Energy announced that the South Korea-Russia FTA negotiations for the service and investment sectors would be held, for the first time by video conference due to the impact of the Global Coronavirus. They are taking place from today until Thursday, March 26.

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    Why Russia Is Suitable For Subsidiary Manufacturing Investments Supplying The China Market

    Op/Ed by Chris Devonshire-Ellis The Covid-19 virus is waging war across Europe, with new daily totals mounting. Businesses and personnel are facing lockdowns. Russia, too is affected – with a cluster of 100 cases in Moscow, and a handful across the country. Yet it has not been as badly affected as Europe, mainly because the[…..]

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    Russian Trade With North Korea Increased 40% In 2019

    North Korea’s trade with Russia jumped about 40 percent on-year in 2019 despite global sanctions imposed on Pyongyang, data disclosed by the International Trade Centre yesterday has stated. Bilateral trade between North Korea and Russia rose to US$47.9 million last year, up 40.6 percent from a year earlier. North Korea imported US$44.9 million worth of[…..]

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    Uzbekistan Commits To EAEU As An Observer Nation

    Uzbek President Shavkat Mirziyoyev said that Uzbekistan would sign up to the Kremlin-led Eurasian Economic Union as an observer member, surprising analysts who had thought that Uzbekistan would take full membership of the bloc. Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan are members of the EaEU, which is also involved in negotiating Free Trade Agreements and[…..]

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    RDIF Launches US$8.39 billion Infrastructure Investment Fund

    Russia’s State Owned Russian Direct Investment Fund (RDIF) is launching an infrastructure fund with available finance to 600 billion rubles (US$8.39 billion), RDIF CEO Kirill Dmitriev said on Wednesday.

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    Prospects Raised For Finnish-Russian Cross-Border Special Economic Zone

    The Finnish Mayor of Savonlinna, Janne Laine has suggested the creation of a Special Economic Zone to include southeastern Finland, in addition to the Vyborg and Priozersky districts of the Leningrad region in Western Russia. Quoted in Sputnik Laine’s idea is to create a special economic zone that will allow free movement for funds, goods,[…..]

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    Huawei Form Joint Venture With Sberbank To Provide Business Cloud Solutions

    China’s Huawei have announced a strategic partnership with Russia’s Sberbank to provide cloud services for Russian businesses. The clients of SberCloud are projected to range from large businesses to small and medium-sized enterprises (SMEs) and start-ups. They will have access to 37 new cloud services, which will be fully integrated into one system. The bank states[…..]

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