Op/Ed by Chris Devonshire-Ellis The Russian Far East, an area of North-East Asia covering 6.2 million sq.km (2,400,000 sq mi), now accounts for 32% of all Foreign Direct Investment into Russia, according to Russian Deputy Prime Minister Yuri Trutnev. Special economic zoning and concessions have stoked investor interest in the region. “When we started working on the[…..]
Op/Ed by Chris Devonshire-Ellis As news breaks that the United States is to close its two remaining consular missions in Russia, with the consulates in Yekaterinburg and Vladivostok to close leaving purely the Embassy in Moscow, we can examine the shift of Russian diplomacy to Asia instead of Europe.
Op/Ed by Chris Devonshire-Ellis “I have friends, I have colleagues, who are offended, because they have no sanctions imposed on them. They say, “How come? It’s humiliating. It makes me think that I might have done not enough to have sanctions put on me.” Russian President Vladimir Putin held his annual live Q&A session last[…..]
Op/Ed by Chris Devonshire-Ellis President Putin discusses the Russian economy, wages, commodity prices, eco waste management and online education.
A new road connecting Salekhard and Nadym in in the Yamal Russian Arctic has opened for traffic, and provides new opportunities for economic development of the region’s western districts, Yamal’s Governor Dmitri Artyukhov said at the opening ceremony held this week.
Op/Ed by Chris Devonshire-Ellis EAEU Free Trade Agreement negotiations with China and India to start early 2021 Potential EAEU expansion to include Indonesia & Mongolia Desire to link EAEU with China’s Belt & Road Initiative
British companies imported US$10.5 billion from Moscow in first nine months of 2020 Chemical products, mechanical equipment and machinery, and I.T. are popular exports to Britain. Offset Agreements prove attractive for British businesses in Russia
The Eurasian Economic Union (EAEU) agreed to give Uzbekistan and Cuba observer status on Friday last week (December 11). Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia are full members of the EAEU, while Moldova also has observer status.
A record number of vessels have in 2020 sailed through Russia’s Northern Sea Passage this year, according to reports from Reuters. Norway’s Center for High North Logistics (CHNL) logistics foundation has recorded 62 full transit voyages through the Northern Sea Route as of Wednesday this week (December 9). That is against 37 transits in 2019.
Iran, which is facing increasing US sanctions and is expecting its banks to be cut off from the global SWIFT banking network next week, is calling on Russia to create a substitute for the SWIFT international banking-payment system for the member-states of the Shanghai Cooperation Organization. Tehran’s initiative comes amid fears that the Biden administration[…..]