Putin and Xi announced their agreement to raise the share of their respective national currencies – the Ruble and RMB – in bilateral trade payments.
Russia-India bilateral ties remain strong as Indian PM Narendra Modi met President Putin for an informal summit in late May to discuss defense, security, trade, and investment ties.
Russia and Pakistan are set to to sign a US$10 billion offshore gas pipeline deal and Pakistan is exploring an FTA with the four-member EAEU.
Russian Prime Minister Dmitry Medvedev has confirmed plans to create a special administrative tax free zone in Primorsky Krai in Far Eastern Russia.
Frank Schauff, the General Director of the Association of European Businesses has stated that “The Investment climate in Russia is now favorable but sanctions pose the main risk…”
Russia is debating a potential new law that would create criminal liability for companies and their managers implementing foreign sanctions.
Russian Prime Minister Dmitry Medvedev has confirmed plans to create a special administrative tax free zone in Kaliningrad.
Prime Minister Narendra Modi met Russian President Vladimir Putin last week for an ‘informal summit’ in Sochi, a resort city located in southern Russia, on the shores of the Black Sea.
Russia has issued two new 200 and 2000 rubles banknotes featuring a new “augmented reality” feature.
Themed on “Building An Economy Of Trust”, the St. Petersburg International Economic Forum, this year, is less an academic trade forum, more a rallying call for global change.