In the on-going online rankings battle for views concerning China, the Seattle based China Law Blog has been around for some time. Often opinionated, but in recent years highly critical of China, its popularity has plummeted, both in terms of what it says, but also in relevance. This has partly been driven by its exposure[…..]
Bilateral trade between Russia and China increased 3.4% in 2019, amounting to US$110.79 billion, according to the Chinese Administration of Customs. Trade was well balanced, with Chinese exports to Russia increasing to 3.6 per cent and US$49.7 billion, while imports from Russia increased 3.2 percent to total US$61.05 billion.
Russia’s new development plan for the Northern Sea Route was signed off by Prime Minister Dmitri Medvedev on the 21st of December. Behind its development stands Rosatom, the nuclear power company with top responsibilities for the Northern Sea Route. The document builds on President Putin’s decrees from May 2018 and the request to boost annual shipments on[…..]
Russia’s Arctic Commission has met in Murmansk to discuss ways to boost the extraction of natural resources in the country’s vast north. “We have to create a balanced system of preferences.” Arctic Committee chair and Deputy Prime Minister Yuri Trutnev stated and explained that Russia’s new Law on the Arctic will provide five categories of projects that[…..]
Russian President Vladimir Putin has signed into law the setting of the minimum rate of labor payment in Russia at 12,130 rubles ($195.5) starting January 1st, 2020. The previous minimum wage amount was 11,280 rubles ($181.8). The inflation rate in Russia is currently running at about 2.7%. The minimum wage in Russia is reviewed every[…..]
Four strategic airports in Russia’s Arctic are in the process of being upgraded as the government plans for the development of the Northern Sea Route’s infrastructure begin to take shape.
Russian stocks, bonds and the ruble have all increased in value during 2019 as investors see economic recovery and catches up with other emerging markets. Equities in Moscow are poised for their best annual performance in three years: The MOEX Russia Index, https://www.moex.com/en/ the main ruble-denominated stocks benchmark, has rallied over 27% so far, while[…..]
Following Chinese calls for a Special Economic Zone on the Moon Russia has been developing lunar equipment that would see mining activities be realised.
Mehdi Mirashrafi, the Head of Islamic Republic of Iran Customs Administration (IRICA) has said that the value of Iran’s share of preferential trade with Eurasian countries has reached US$194.2 million since the trade agreement with the Eurasian Economic Union (EAEU) was implemented on October 27 up to the end of November
Russia’s Federal Air Transport Agency has said that the total number of passengers carried by the various Russian airlines increased 10.6% Year on Year to it 119.2 million passengers. Passenger turnover rose to 300 billion passenger kilometers. Russia’s aviation passenger volume is roughly equivalent to that of Brazil, Germany and Japan. China carries about 600[…..]