Op/Ed by Chris Devonshire-Ellis Increasing de-dollarization and decreasing US trade indicate renewed interest in gold reserves Both Russia and China, faced with trade problems with the United States, have begun to make moves to reduce their use of the US dollar and expand the use of their respective currencies in bilateral trade, with gold as[…..]
EU loss Of Russian and British Consumer Markets Close To €100 Billion Per Annum The European Union is currently importing rather more from Russia than it exports, according to new data from Eurostat, the data analysis unit within the European Commission. In 2018, the EU imported US$83 billion more from Russia than it exported.
Russia-Chinese investment on the increase. Hong Kong offers low tax access. Many companies looking at the Chinese market choose to establish a holding company or special purpose vehicle (SPV) to hold their Chinese investments, and this applies to an increasing number of investors from Russia and the Eurasian Economic Union. Using a Hong Kong company[…..]
Russia Briefing becoming the platform of choice for Russian businesses looking to Asia Russia Briefing, which has been published by Dezan Shira & Associates since 2010 but recently received an overhaul, has made it for the first time into the top ten business websites about Russia in the English language. Most the ten are Russia[…..]
Op/Ed by Chris Devonshire-Ellis Existing Double Tax Treaties And An Agreed Scope Of Investment Provide Plenty Of Room For Russian ROI In ASEAN The 52nd ASEAN Foreign Ministers meeting is currently taking place in Thailand, with Ministers from all the ASEAN nations, together with those from Russia, China, India, Japan, the European Union, Australia, New[…..]
Russia and China Both Continuing Gold Buying Spree To Wean Off US Dollar Russia’s gold reserves have exceeded US$100 billion for the first time, with the metal growing in value by 11 percent over the past two months. That latest hike has been spurred by the news that Chinese firms were awarded contracts for the[…..]
China’s AliExpress online platform has started its small and medium enterprises program in Russia, where the company will act as the wholesaler for retail chains, the e-business company has stated. Goods from the seasonal range, accessories, home and garden products, and clothing will be available at the first stage.
Op/Ed by Chris Devonshire-Ellis Russia & Turkeys Gradual Pivot To Asian Institutionalization Will Improve Trade Prospects Bilateral trade between Russia and Turkey is under-exploited and “should be US$100 billion per annum” according to Rushkar Pekcan, Turkey’s Foreign Trade Minister, speaking at the Russia-Turkey Joint Economic Commission held last week at the Turkish resort of Antalya.
Russia’s Foreign Ministry has stated that it wants to have a role in the Instrument in Support of Trade Exchanges (Instex), a special mechanism launched since earlier this year to facilitate trade between Iran and the European Union at the time of increased US economic pressure on Tehran. It is possible it could also be[…..]
Looking at the new dynamics of an increasingly eastern facing Russia is relatively simple, with the establishment of the Representative Office (RO) in the country a proven method for assessing the local market and its new dynamics. A RO also avoid any possible entrepreneurial risks, as they are cost centers only and not incorporations.