FDI & Foreign Trade

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• August 10, 2010 by Russia Briefing
  

  Russian Government to Reduce Risks for Leasing Companies

  Aug. 10 – The Ministry of Economic Development and Trade (MEDT) has prepared a bill that will reduce risks for leasing companies, but experts do not believe that it is enough to stimulate recovery in the leasing market. The leasing market in Russia has been brought down during the crisis. In 2008, the market volume[…..]
• August 4, 2010 by Russia Briefing
  

  Customs Union Costing Russia US$158 Million

  Aug. 4 – The Accounts Chamber of the Russian Federation has tallied state budget losses of US$158 million since the Russian Federation, Republic of Kazakhstan and Republic of Belarus launched the Customs Union, according to a federal body information department report released yesterday. According to Accounts Chamber auditors Igor Vasilev and Victor Kosourov, the reduction[…..]
• August 3, 2010 by Russia Briefing
  

  KuibyshevAzot to Switch to Yuan-Denominated Calculations

  Aug. 3 –Russian chemical producer KuibyshevAzot OJSC has decided to switch from the Russian ruble to the Chinese yuan when settling accounts with its Chinese clients, Russian weekly Vedomosti-Samara reports. “Calculations with Chinese consumers of polyamide-6 switched to the yuan on July 13th this year,” according to a company press release. “Calculating in yuan will[…..]
• August 2, 2010 by Russia Briefing
  

  Global Investors to Increase their Russian Equities

  Aug. 2 –Foreign investors invested US$103 million into Russian equities last week after an outflow of US$11 million the week before according to the experts at EPFR Global. From the beginning of this year, the net-inflow of investment into Russian funds totals near US$2.1 billion. ″Judging from EPFR data, optimism has returned to emerging market[…..]
• July 14, 2010 by Russia Briefing
  

  Indian Iron-Ore Producer to Enter Russian Coal Market

  Jul. 14 – Indian state-owned iron-ore producer, NMDC Ltd., is in negotiations to purchase four coal mines in Sakha-Yakutia from coal company Kolmar. NMDC is Asia’s third-largest iron-ore producer while Kolmar is owned by the Onexim Group-affiliated mining and exploration company, Intergeo. Talks to buy the Kolmar mines, which have reserves of about 400 million[…..]
• July 13, 2010 by Russia Briefing
  

  Federal Financial Markets Service to Make the Issuing of Securities More Transparent

  Jul. 13 – The Russian Federal Financial Markets Service (FFMS) wants to make the issuing of securities more transparent, proposing that they work together with the Ministry of Economic Development and Trade (MEDT), to make companies release information about increasing number of vote voices supervised by each shareholder in addition to changes in stockholder’s shares.[…..]
• July 9, 2010 by Russia Briefing
  

  Russia, Kazakhstan and Belarus Create Customs Union

  Jul. 9 – Russia, Kazakhstan and Belarus have reached an agreement creating a new Customs Union (CU)  starting this week that will put all three countries under one customs territory. The new Customs Code will simplify Russian-Kazakhstan border customs registration, though Customs control at the border will be remain until 2011. The three countries have[…..]
• July 6, 2010 by Russia Briefing
  

  Russia Sells Uranium Shares to Kazakhstan

  Jul. 6 – Russia is selling 20 percent to 50 percent of its shares in the world’s largest uranium producer, Uralsk Electrochemical Industrial Complex (UEIC), to Kazakhstan in exchange for raw materials for the state-owned company. The deal was formalized and signed on Monday by the Russian state nuclear energy corporation Rosatom and the Kazakhstani[…..]
• July 1, 2010 by Russia Briefing
  

  Legal Precedent Complicates Foreign Investment in Strategic Sectors

  Jul. 1 – A court decision based on the law on foreign investments for strategic Russian companies may essentially complicate investor access to the market. The Commercial Court of Moscow City announced its decision on the Megafon cellular operator case on Tuesday; invalidating all positions of the agreement on establishing joint venture in which Russian[…..]
• June 28, 2010 by Russia Briefing
  

  Russian Light Industry to Replace Foreign Manufacturing

  Jun. 28 – The illegal importation of light industry goods to Russia is falling from 60 percent to 40 percent, giving Russian sewing, textile and shoe manufacturers a good chance to take over the domestic market. Meanwhile, the situation might be complicated by new duties within the limits of the Russia, Belarus, and Kazakhstan Customs[…..]