The Russian Government has submitted Bill No. 1022669-7 to the lower house of Parliament (State Duma), to increase the individual income tax rate on income earned over a specific threshold. The draft bill was submitted as part of the budget and was submitted on September 17.
Россия и Коронавирус: Бизнес Обновления Last updated September 25. Глобальные вспышки вируса Covid-19: координация ваших бизнес-операций из дома. Читать здесь Current Russia Coronavirus Updates Moscow has asked resident businesses to reinstate work-from-home measures and for elderly residents to avoid going outside from next Monday as the city sees a new uptick in coronavirus cases, Mayor[…..]
Op/Ed by Chris Devonshire-Ellis Russian President Vladimir Putin presented his speech via video conference to the UN general assembly yesterday, offering initiatives for the Covid-19 vaccine, suggesting the opening of ‘green’ trade corridors, praising the UN and calling for adherence to international laws.
Chinese tech giant Huawei plans to expand its sales operation in Russia by opening 50 new stores across the country in 2021, the company said on Monday. “In 2021, Huawei will continue to develop its retail network and will additionally open 50 branded stores in major Russian cities: St. Petersburg, Yekaterinburg, Krasnodar, Krasnoyarsk, Vladivostok and[…..]
The China-Russia Economic and Trade Index Report (2020) was officially released by the China Economic Information Service (CEIS) last week.
NATO exercises right on the Polish border with Belarus and the strategic border city of Brest have resulted in Belarusian President Alexander Lukashenko closing the Belarus borders with the EU, citing ‘security concerns’. This effectively seals off the country from the EU, with whom it also shares borders with Lithuania and Latvia. Lukashenko is under political[…..]
Global fast food giant McDonalds plans to expand in Russia’s far east in December, opening restaurants in cities such as Khabarovsk and Vladivostok for the first time, the company said on Monday.
Op/Ed by Chris Devonshire-Ellis Russia made the most of the Shanghai Cooperation Organisation’s Moscow meeting of member state Foreign Ministers, as Sergey Lavrov, the Russian Foreign Minister, helped broker a peaceful retraction of troops from China and India over their Ladakh standoff.
Op/Ed by Chris Devonshire-Ellis Foreign ministers from Shanghai Cooperation Organisation (SCO) member states are convening today and tomorrow (September 9/10) in Moscow to review preparations for the forthcoming SCO Summit in Delhi in November, and to exchange views on international and regional issues. Typically such gatherings are generally low key affairs and deal with preparatory issues[…..]
Russia is rolling out production and export sales for more than 1 billion doses of its Sputnik V coronavirus vaccine, according to Russia’s sovereign wealth fund which is financing the project. We can take a look at the participating countries as follows: