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    Thailand Wants To Increase Russia Bilateral Trade To US$10 Billion By 2023

    Bangkok is following the trend for ASEAN nations to establish Free Trade Agreements with the EAEU Thailand and Russia are ready to boost bilateral trade to US$10 billion in 2023, Jurin Laksanawisit, Thailand’s Minister of Commerce Minister said on Saturday. Jurin was speaking after talks with Russia’s Economic Development Minister Maxim Reshetnikov on the sidelines[…..]

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    Wildberries Expands Into Kyrgyzstan

    Russia developing free trade ecommerce platforms into Central Asia Wildberries the Russian online retail equivalent of Amazon, has just opened a distribution center in Kyrgyzstan, which will strengthen company’s partnership with local businesses, as well as speed up the delivery of local orders.. Wildberries first distribution center has opened in Bishkek, the Kyrgyz capital city.[…..]

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    Uzbekistan’s Q1 2022 Eurasian Economic Union Trade Turnover Data

    Trade agreements with EU & UK having a positive dynamic effect Uzbekistan’s trade turnover with the Eurasian Economic Union (EAEU) countries amounted to US$3.2 billion from January through March 2022, according to the Uzbek State Statistics Committee. During Q1 this year, Uzbek exports of goods and services to the EAEU countries amounted to US$923.3 million,[…..]

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    Kazakhstan-Eurasian Economic Union Trade Up 29% In January

    Kazakhstan’s bilateral trade with other member countries of the Eurasian Economic Union (EAEU) – Armenia, Belarus, Kyrgyzstan, and Russia reached US$1.7 billion in January 2022, which is 29% higher than the same period last year, according to Kazakhstan’s Statistics Committee. US$592.4 million of this were Kazakh exports (+34.4 percent), and US$1.1 billion imports (+26.3 percent).[…..]

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    Vietnam Eyes Increased Eurasian Economic Union Exports

    Ta Hoang Linh, a director of the European Market Department under Vietnam’s Ministry of Industry and Trade (MoIT), has said that the Eurasian region of 28 countries, stretching from Eastern Europe to Central Asia, is a significant potential export market for Vietnam. Being flexible in accessing distribution systems, overcoming logistical difficulties, and making good use[…..]

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    Russia To Introduce Simplified Tax Payment System For SMEs In 2022

    New ATS system pilot for businesses with turnover less than ₽60 million. Russia is to launch a pilot scheme Automated Taxation System (ATS) next year, according to in Prime Minister Mikhail Mishustin. This a variant of the existing Simplified Taxation System (STS) and is designed to reduce the administrative burden in calculating and paying taxes[…..]

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    Russia & EAEU Looking To Free Trade Agreement With Bosnia & Herzegovina

    Russia trying to shore the country up as difficulties arising in Balkans with BiH nearing political fracturing By Chris Devonshire-Ellis Russia’s Foreign Minister Sergey Lavrov met with Turkish Foreign Minister Mevlut Çavuşoğlu on the margins of the G20 summit in Rome last week. Bosnian Political Issues The discussion focused on coordinating the two countries’ efforts[…..]

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    Non-Energy Iran – Eurasian Economic Union Trade Up 93% After FTA Renewal Signed

    The value of non-oil trade between Iran and the members of the Eurasian Economic Union (EAEU) exceeded US$1.6 billion in the first four months of the current Iranian calendar year (March 21 – July 22) to register 93% Year on Year growth compared to 2020. Hossein Kakhaki, director-general of the International Cooperation Department of the[…..]

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    Russia, Moldova Discuss Potential For EAEU Free Trade

    Russia and Moldova have agreed to lift trade restrictions and to hold discussions concerning the breakaway Russian-supported Transnistria region. The landlocked country is an ex-Soviet satellite sandwiched between Romania and Ukraine and is one of Europe’s poorest nations. Dmitry Kozak, Deputy Head of Russia’s Presidential Administration has been quoted as saying “We agreed to cooperate[…..]

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    INSTC to Improve India-Russia Connectivity with Cheaper Multi-Modal Transit Routes

    The INSTC includes 13 countries and will transform Euro-Asian freight dynamics.

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