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  October 30, 2020 by Russia Briefing
  

  Russia & EAEU Urge China To Help Create A New Eurasian Monetary And Financial System

  Russia is calling on its partners in the Eurasian Economic Union (EAEU) and China to limit the use of the US dollar (and the euro) within the trading block in order to reduce dependence on the monetary and financial system dominated by Western powers.
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  October 29, 2020 by Russia Briefing
  

  Russia’s Involvement With China’s Belt And Road Initiative: Interview With Chris Devonshire-Ellis

  Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates was a guest speaker with the St.Petersburg Rotary Club on October 21, and spoke for an hour about Russia and China’s Belt & Road Initiative. Chris is a Visiting Professor at the St.Petersburg Higher School of Economics and has a 30 year career in China and[…..]
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  October 28, 2020 by Russia Briefing
  

  China-EAEU Trade Share Increases By 20% In 2020

  China’s share in the foreign trade turnover of member-states of the Eurasian Economic Union (EAEU) increased to 20% from January to August of this year, Chinese Vice-Minister of Commerce Wang Shouwen said on Tuesday. The EAEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and sits in between China and the European Union.
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  October 27, 2020 by Russia Briefing
  

  Purovsky Bridge Over The River Pur Opens In Yakutia

  Russia’s own domestic infrastructure build continues with the completion of the first bridge over the River Pur, in Yakutia, Siberia.
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  October 23, 2020 by Russia Briefing
  

  Russia’s Central Bank Introduces Potential For The Digital Ruble

  The Central Bank of Russia (CBR) has published a consultation paper to introduce a “digital ruble” as an alternative to cryptocurrencies, which are banned in the country. This follows the lead from China, where the Digital Yuan has been trialing for public use in four cities with a national roll-out expected next year.
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  October 22, 2020 by Russia Briefing
  

  Russia To Introduce Low, Fixed Business Income Tax Rates To Encourage Russian Investors Back To Russia

  Russia’s Finance Ministry has proposed a fixed income tax rate for Russian shareholders of foreign companies in Russia. The amendments to the tax code would introduce a fixed tax rate of 5 million rubles per annum (US$64,600) per annum, without the need to file audited accounts. The rates will be applicable for five years. The[…..]
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  October 21, 2020 by Russia Briefing
  

  Eight Russian Belt And Road Initiative Opportunities Coming To Completion That Foreign Investors Should Be Aware Of

  Op/Ed by Chris Devonshire-Ellis  Lists of Russia Belt & Road Initiative projects produced by other media outlets tend to concentrate – or only include – the massive Power of Siberia gas pipeline that leads from the Russian Arctic to China. However, although this is important, there is rather more going on than purely viewing the[…..]
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  October 19, 2020 by Russia Briefing
  

  Russia Signs Off On Tax Support For Publishing Houses

  Russian President Vladimir Putin has signed off a new law providing for tax support for publishing houses. The document was published on the official portal of legal information on Thursday October 15. The new law envisages an increase in the maximum allowable volume of such losses up to 30% of the circulation value, while previously[…..]
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  October 16, 2020 by Russia Briefing
  

  Russia-Iran Visa Free Tourism On The Cards

  Moscow hopes to finish work on an agreement on visa-free tourist trips with Iran in the near future, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Thursday. According to Zakharova, Russia’s Federal Tourism Agency is working with the Iranian partners on mechanisms of the implementation of the arrangements under the agreement. “We hope this work[…..]
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  October 13, 2020 by Russia Briefing
  

  US Online Vitamin Company iHerb Invests US$100 Million Into Russian Market

  The US-based iHerb online store, which specializes in sales of vitamins, dietary supplements and health and beauty goods, plans to invest US$100 million in Russia in construction of robotic distribution centers, support and promotion of Russian products export and improvement of the service for Russian customers, the company has stated.