Dezan Shira & Associates, specializing in assisting foreign investors in Asia, have joined the Russo-British Chamber of Commerce (RBCC).
Russia is planning two offshore financial centers with special legal systems in the Kaliningrad Region and the Vladivostok in Russia’s Far Eastern Primorsky Krai territory to support business and trade, similar to Delaware (USA), Hong Kong, and Jersey (UK).
Russia has begun making trades in cryptocurrencies, on a trial basis in Switzerland, on a deal with Venezuela for Russian auto component parts being settled in Venezuela’s own national cryptocurrency, the Petro.
Funding for the state program – The Digital Economy of the Russian Federation – has been approved with implications for regulation, cybersecurity, R&D, education, and IT infrastructure.
Novatek’s wholly owned subsidiary shipped to the Indian market its first cargo with LNG produced by the Yamal LNG plant. Stakeholders of the Yamal LNG plant include the Silk Road Fund.
Russia is experiencing a boom in the visiting numbers of Chinese tourists; 32 tourist routes exist between Heilongjiang province and Russia’s Far East.
Russia and China are keen on moving away from the American credit based financial system towards a system where the national currencies are at least partially based on real assets.
Russia has just overtaken China as the world’s fifth-biggest holder of gold reserves.
Russia, along with China, is among the world’s leading buyers and producers of gold, which helps pay for its infrastructure development; it can also potentially secure its economy from the impact of more Western sanctions in the future.
Despite Western sanctions over the 2014 reunification of Crimea with Russia, the peninsula’s economy has seen rapid growth both in terms of economic output as well as investments. This has left the republic with ambitious goals for its future development. According to the republic’s Minister of Economic Development Natalia Chaban, speaking at the recent Sochi[…..]