Good news for foreign traders and visitors to Russia has come in the form of Russia’s Ministry of Industry and Trade drafting a bill extending a tax free system throughout Russia commencing 1st January 2021. The document has been published on the official Russia website of draft laws and regulations.
Op/Ed by Chris Devonshire-Ellis Singapore-Eurasian Economic Union FTA Opens Up Asia For Russian Businesses Singapore’s recent signing off a Free Trade Agreement with the Eurasian Economic Union is poised to provide a new, significant outlet for Russian outbound investment into Asia.
Pent Up Consumer Demand Offers Profits For UK Companies In Russia The Russo-Britain Business Council held its annual Investment Form in Moscow last week, with dozens of business leaders and investors who gathered in the Russian Chamber of Commerce — many of who have been based in Russia for years or have long-term investments and[…..]
Op/Ed by Chris Devonshire-Ellis Russia’s SEZ from East to West offer opportunities for lower cost manufacturing for the China and European markets Russia has numerous Special Economic Zones and Free Trade Ports, and is continuing to look at investing on more, especially nearer to the borders with China in both the Russian Far East and[…..]
International Transactions Commence For Alternatives To SWIFT Russia’s System For Transfer Of Financial Messages (SPFS) has gone global this week with the introduction of the system into banks in the Eurasian Economic Union. SPFS is an alternative to the US backed SWIFT network of financial transactions, which has been used in the past to cut[…..]
India provides US$1 billion credit line for developing trade with Russia’s Far East Province. The Indian Prime Minister Narendra Modi has been at the Far Eastern Economic Forum in Vladivostok, boosting promising Indian trade in the region. Attending as this year’s Special Guest of Honor, he traveled with a delegation of about 200 Indian businessmen[…..]
Opportunities For Russian Businesses To Take Advantage Of The African Continental Free Trade Agreement The Russian industrial zone currently being built at Port Said in Egypt will help Russian businesses enter new and under-penetrated markets, according to the Russian Export Center.
Russian Railways is viewing an option of building a high-speed railway for electric trains between Siberian cities of Novosibirsk and Barnaul. The relevant investment project is in the long-term development program of the Russian railway operator by 2025, the West Siberian Railway said on Friday.
Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries. Vietnam and Russia set up a strategic partnership back in 2001 and elevated this relationship to a comprehensive strategic partnership in 2012 paving the way for increasing economic ties.
Growing Free Trade Links Are Rebalancing Global Trade The BRICS economic bloc of countries, which include Russia, along with Brazil, China, India and South Africa, will account for more than half the GDP of the global economy in ten years, according to Russian Finance Minister Anton Siluanov. “The economy of the BRICS countries today occupies[…..]