Russian Prime Minister Dmitry Medvedev has set a new target for bilateral trade between Russia and China, saying that a figure of US$200 billion is quite achievable. “Bilateral trade is actively developing, and this year we will approach the level of US$100 billion, which seemed fantastic to us 10 years ago. Now we are speaking about other[…..]
Russia and China discuss the possibility of involving Chinese companies in the construction and upgrading of power plants in the Russian Far East.
The Russian Finance Ministry has announced plans to “de-dollarize” by 2024, that is, to wean the country off US dollar dependence.
British business is looking at other markets. One of them, despite the political coldness between London and Moscow, is the Russian market.
Russia and Uzbekistan have agreed to US$27 billion worth of investment deals with Russia at the first Russian-Uzbek Inter-regional Cooperation Forum, held last week in Tashkent.
Business-to-business electronic services providers should should note that changes to Russia’s VAT system will take effect from January 1, 2019.
Chinese companies are ready to deploy their own advanced technology, equipment, and engineering in the construction of infrastructure in Russia’s Far East.
Buoyed by an economy re-modelling itself after Western-imposed sanctions, Russia’s exports are expected to grow to US$250 billion by 2024.
The Russian Ministry of Industry and Trade have announced that Chinese and Indian companies are investing millions of dollars in the Klyuchevskoye Gold Depots.
Six years after international sanctions were imposed on Russia, once imported European gourmet foods are now being produced in Russia.