President Vladimir Putin said at last week’s BRICS Business Forum that Russia was in the process of rerouting its trade and oil exports towards countries from the BRICS group of emerging economies in the wake of Western sanctions over Ukraine. The BRICS countries comprise Brazil, Russia, India, China and South Africa. The West has imposed[…..]
By Chris Devonshire-Ellis Non-sanctioned Russian businesses are rushing to their US and EU suppliers to request HS code changes after ‘secondary use’ problems with sanctions are prohibiting their export to Russia.
By Chris Devonshire-Ellis Moscow legalizes the use of Western trademarked brands without compensation – unless the company continues to operate in Russia Russia’s State Duma has adopted a law providing for the legalization of parallel imports into the country. The law protects Russian companies that import goods without the permission of the right holder, from[…..]
By Chris Devonshire-Ellis ‘Unfriendly’ countries may have 30% more GDP, but their projected 5 year performance is far worse than Russia’s allies Russia began publishing a list of ‘unfriendly countries’ from May 2021, which was significantly expanded in March 2022. In the map attached, we can see that most of what is collectively known as[…..]
The registered capital volume and numbers of foreign invested companies with Russian capital, registered in Turkiye from January through May 2022, has increased by nearly five times, compared to the same period of the 2021, according to the Turkish Chamber of Commerce and Industry (TOBB).
Western media has talked up differences – but bilateral trade is up 4x on 2021 By Chris Devonshire-Ellis Kazakhstan President Kassym-Jomart Tokayev has been targeted by Western media in light of comments he made at the recent St. Petersburg International Economic Forum (SPIEF). Several Western commentators have suggested a pro-Western bias is emerging from Tokayev,[…..]
Upcoming US and EU elections will be the deciding voices over when enough is enough. By Chris Devonshire-Ellis The Russia-Ukraine situation has become immensely polarized from the very beginning. Many opinions have been banded about as to why it started, (unprovoked) to how it will end (in years). Being one of the very few foreigners[…..]
By Chris Devonshire-Ellis Russian President Putin gave a lengthy speech at the St. Petersburg International Economic Forum (SPIEF) on Friday. In this article we feature the business, trade, and investment Russian President Putin gave a lengthy speech at the St. Petersburg International Economic Forum (SPIEF) on Friday. In this article we feature the business, trade,[…..]
By Chris Devonshire-Ellis The EU’s import future to Russia is regarded as finished, with import substitution planning now underway with China Russian and Chinese government representatives and businessmen have made it crystal clear at the St. Petersburg International Economic Union that they regard EU-Russia trade as dead and that import substitution programmes will be worked[…..]
Russian businessmen have been seeking out Iranian expertise in getting around Western sanctions, and learning how Iranians live under such trading conditions. A report in the Financial Times discusses how that experience is now being shared to reduce US and EU impact on living standards – including accessing products from the global black market, which[…..]