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    Foreign Investment Into Russia’s Special Economic Zones

    By Chris Devonshire-Ellis Investments into Russian SEZ have reached US$4 billion with 19 national SEZ and another 6 coming online, each offering numerous tax and operational benefits for foreign investors   Knight Frank, the international real estate consultancy, has issued data showing that the total investment volume in Russia’s Special Economic Zones (SEZ) over the past[…..]

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    Russia Set To Renegotiate Double Tax Treaties With Hong Kong & Singapore

    By Chris Devonshire-Ellis Moscow needs to be aware of the differences between European offshore tax avoidance and Asian bilateral trade development  Russia has been on a mission to renegotiate its double tax treaties (DTA) over the past couple of years, especially as several of them are considered overly advantageous and against Russia’s fiscal interests. For[…..]

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    Eurasian Economic Union Economy Recovering, Manufacturing Output Up 6.5%

    Positive results good news for EAEU export free trade partners The collective economy of the Eurasian Economic Union (EAEU) member states – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia is recovering gradually from the coronavirus pandemic, Russian Prime Minister Mikhail Mishustin said at the meeting of the Eurasian intergovernmental council on Friday. “The pandemic period has[…..]

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    Russian Opportunities To Raise Capital, Acquire Talent And Access Asia’s US$3 Trillion Consumer Markets From Singapore

    500 Russian Companies are now based in Singapore looking at Southeast Asian opportunities. We explain the market trends Russian entrepreneurial ventures should be exploring the wealth of opportunities that Singapore and the ASEAN region have to offer. With deep pools of technology talent and vibrant, modern consumer markets, there are abundant opportunities in Singapore’s sometimes[…..]

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    China’s Ministry of Commerce Research Paper Suggests Russia’s New Energy Vehicle Market Is A Huge Cooperation Opportunity

    China’s Ministry of Commerce has released a research paper that has identified the Russian market as an ideal export and cooperation area in the New-Energy Vehicle sector. This development, given time, will likely open a new front in China-Russia auto industry cooperation. New Energy Vehicles include electric, hydrogen, and other petrol or diesel alternatives. Russia has[…..]

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    China’s Union Pay Acquires Access To Belarus’s Largest ATM Network

    China’s UnionPay, a leading global payment services provider competing with the likes of Visa and Mastercard, has announced completion of its integration with the ATM and POS network in Belarus with JSC Bel Agroprombank, one of the largest banks in Belarus. Union Pay has therefore significantly increased its acquiring network coverage in the country.

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    Russian GDP Up 10.3%, Is The European Union’s Third Largest Supplier

    Russia’s economy rebounded in Q2 2021, as the country recovers from the effects of the coronavirus pandemic, official figures showed on Friday. GDP grew by 10.3% compared to the same period last year, with strong gains in passenger transport, retail trade and mining, according to the federal statistics agency. The economy had contracted in the first three[…..]

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    Russia Proposes Lifting The Minimum Wage To ₽20,000 From January 1 2022

    By Chris Devonshire-Ellis Proposal would see increases of 70% to the basic minimum wage from next year Russia’s State Duma has proposed increasing the monthly minimum wage to 20,000 rubles (US$270). A group of deputies headed by the Chairman of the State Duma Committee on Labor and Social Policy Yaroslav Nilov are planning to submit such[…..]

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    Russia’s Foreign Currency, Gold Reserves And National Debt Compared With China and the United States

    By Chris Devonshire-Ellis  Russia is not as impoverished as imagined while US debt could become a problem when bartered against hard assets According to just released H1 2021 data from China’s State Administration of Foreign Exchange, China possesses US$3.21 trillion in foreign currency reserves. The Central Bank of Russia figures show Russia holding US$600 million[…..]

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    Russia To Launch Its First Electric Vehicle End 2021

    The compact Zetta is aimed at single city drivers  The Zetta, Russia’s first electric vehicle, is now set to go into series production at the end of this year. The compact three-door electric vehicle is to be produced at the Togliatti plant in the Samara region. A fuel cell car is to follow by 2024.[…..]

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