The sanctions against Russia are creating new trade corridors; Egypt’s trade exchange with Russia increased by 37 percent during first half of 2018.
Double tax treaties are useful instruments for foreign investors or trade businesses to avoid being taxed in two countries and mitigate tax liability.
Asia is booming and Russia needs new export markets – China, the ASEAN nations, and India are prominent destinations for Russian investments this year.
Russia, Iran, Azerbaijan, Kazakhstan, and Turkmenistan have signed the Convention on the Legal Status of the Caspian Sea.
From January 1, 2019, Russia’s standard VAT rate will be 20 percent, up from 18 percent. VAT exempt goods will not be affected by the hike.
Russia has sold off US$77 billion of its US Treasury Bonds, and in future will be investing in IMF securities and gold.
UK-Russia trade dropped significantly following sanctions imposed on Russia after its repossession of Crimea, but bilateral trade is showing signs of recovery even after the Novichok incident.
Talks of China taking over Central Asia from Russia ignore the current cash flow and familiarity aspects of regional infrastructure development.
The implications of the Trump-Putin summit are clear for Russia: there will be no expansion of relations with Washington, sanctions are likely to remain, and developing trade with Asia is a priority.
Armenia’s continuing positive free trade relations with Russia and the EAEU has shown rapid growth.