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    Fitch Upgrades Russian Sovereign Credit Rating

    The Fitch home rating agency upgraded the long-term sovereign credit rating of Russia from BBB-to BBB with the stable outlook on August 9th. Russia’s sovereign rating upgrade by Fitch is an indication that the national economy is adapting to current challenges and can reach higher growth rates. Russian Financial Reserves Now Fully Cover All Internal[…..]

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    EAEU Expected To Reach Intra-Bloc Tariff Agreements

    The members of the Eurasian Economic Union (EAEU) – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – are expected to reach final agreements on tariffs at Friday’s meeting of the EAEU Intergovernmental Council in Kyrgyzstan. Russian Prime Minister Dmitri Medvedev, speaking earlier stated “Today, we will discuss pressing issues related to the Union’s activities, including supranational[…..]

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    Russia & Central Asia’s Gold Deposits – China’s RMB Reserve Backup

    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[…..]

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    European Union Running An US$83 Billion Trade Deficit With Russia

    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.

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    The Benefits For Russian Companies When Setting Up In Hong Kong To Access Mainland China Opportunities

    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[…..]

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    Russia Briefing Breaks Into Top Ten English Language Russia Business Websites

    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[…..]

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    Opportunities For Russian Business In Thailand As Lavrov Wants Russia-Thai Trade At US$10 Billion

    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[…..]

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    Russian Gold Reserves Now Exceed US$100 Billion

    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[…..]

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    China’s AliExpress Starts SME B2B Deliveries In Russia

    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.

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    Russia-Turkey Bilateral Trade “Should Hit US$100 Billion” – Rushar Pekcan

    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.

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