ASEAN has been hosting virtual ministerial meetings with its important global trade partners, including with Russia. During the ASEAN-Russia sessions, ministers adopted the revised Asean-Russia Trade and Investment Cooperation Roadmap and the Asean-Russia Trade and Investment Cooperation Work Program for 2021-25. These focus on trade and industry; micro-small, small and medium-sized enterprises; sci-tech, innovation and intellectual[…..]
Increasing Russian EV incentives offer foreign investment opportunities In further moves to stimulate the electric vehicle market, Russian electric car drivers will be able to access toll roads at no cost starting from 2022, according to a recently published draft government plan.
By Chris Devonshire-Ellis Taliban Leaders Go AWOL, Russia Boycotts Taliban Government Inauguration, India Expresses Grave Caution Rumors the Taliban’s most senior diplomats have been murdered Moscow has boycotted the Taliban government inauguration ceremony to express displeasure at the non-inclusive nature of the initial government structure. It had stated it would attend if the Taliban, who are[…..]
Chinese automobiles will have doubled their presence on the Russian market from 3% to 6% by the 2021 year end, local car dealers have forecast. Chinese automotive products are strengthening their positions in Russia, while European and American auto sales are slowing.
US Debt Increases While Russia Decreases & Dumps Dollar On Weak Global Liquidity Concerns The global economy could be less than 18 months away from a financial crisis on the same scale as the 2008-2009 worldwide economic meltdown, Russia’s Central Bank has warned. In a stark forecast, the bank pointed to “serious imbalances” in the[…..]
Chinese Direct Investment Into Russia Reached US$12 Billion In 2020, Bilateral Trade To Double By 2024 By Chris Devonshire-Ellis The Russian Trade Representative to China, Alexey Dakhnovsky, has stated that Chinese investment in Russia exceeded US$12 billion in 2020, speaking at the Russian Chinese investment cooperation forum, which is part of the 21st China International[…..]
By Chris Devonshire-Ellis The key regional Far Eastern Economic Forum has been taking place in Vladivostok, with guests including senior Russian politicians and businessmen along with overseas Ministerial guests, and senior politicians from Armenia, Australia, Brazil, Cambodia, China, Finland, India, Italy, Japan, Kazakhstan, Mexico, Mongolia, Norway, South Korea, Thailand, and Vietnam. President Putin’s address contained detailed development plans[…..]
By Chris Devonshire-Ellis An ASEAN-EAEU FTA would create a market with a GDP of US$11 Trillion and a population of 850 million Vietnam’s Minister of Trade, Nguyen Hong Dien has suggested that steps be taken to reach an agreement to establish a free trade zone between ASEAN and the Eurasian Economic Union (EAEU). The comments[…..]
Yandex acquires taxi, food delivery and self-driving assets Yandex has struck a US$1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia. Shares in Yandex, which is listed in New York, jumped more than 3% at the start of trading in New York today, where[…..]
A new generation of Arctic talent is to be developed The Governor of Russia’s North-West Murmansk region has announced the restructuring of leading universities in Murmansk Region to provide training of specialists for the implementation of Arctic related projects.