Russia is calling on its partners in the Eurasian Economic Union (EAEU) and China to limit the use of the US dollar (and the euro) within the trading block in order to reduce dependence on the monetary and financial system dominated by Western powers.
Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates was a guest speaker with the St.Petersburg Rotary Club on October 21, and spoke for an hour about Russia and China’s Belt & Road Initiative. Chris is a Visiting Professor at the St.Petersburg Higher School of Economics and has a 30 year career in China and[…..]
China’s share in the foreign trade turnover of member-states of the Eurasian Economic Union (EAEU) increased to 20% from January to August of this year, Chinese Vice-Minister of Commerce Wang Shouwen said on Tuesday. The EAEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and sits in between China and the European Union.
Russia’s own domestic infrastructure build continues with the completion of the first bridge over the River Pur, in Yakutia, Siberia.
Россия и Коронавирус: Бизнес Обновления Last updated October 27. Глобальные вспышки вируса Covid-19: координация ваших бизнес-операций из дома. Читать здесь Current Russia Coronavirus Updates Russia has confirmed another 16,550 Covid-19 cases on Tuesday, bringing its official number of cases to 1,547,774. A record 320 people have died in the past 24 hours. A nationwide mask-wearing[…..]
The Central Bank of Russia (CBR) has published a consultation paper to introduce a “digital ruble” as an alternative to cryptocurrencies, which are banned in the country. This follows the lead from China, where the Digital Yuan has been trialing for public use in four cities with a national roll-out expected next year.
Russia’s Finance Ministry has proposed a fixed income tax rate for Russian shareholders of foreign companies in Russia. The amendments to the tax code would introduce a fixed tax rate of 5 million rubles per annum (US$64,600) per annum, without the need to file audited accounts. The rates will be applicable for five years. The[…..]
Op/Ed by Chris Devonshire-Ellis Lists of Russia Belt & Road Initiative projects produced by other media outlets tend to concentrate – or only include – the massive Power of Siberia gas pipeline that leads from the Russian Arctic to China. However, although this is important, there is rather more going on than purely viewing the[…..]
The Rotary Club of St.Petersburg in Russia have as their guest Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates, a foreign investment practice with offices throughout Asia. Chris is one of the world’s leading experts on China’s Belt & Road Initiative, having lectured about it at the St.Petersburg Higher School of Economics, Cambridge University,[…..]
Russian President Vladimir Putin has signed off a new law providing for tax support for publishing houses. The document was published on the official portal of legal information on Thursday October 15. The new law envisages an increase in the maximum allowable volume of such losses up to 30% of the circulation value, while previously[…..]