Russia and China have announced the signing of a USD13 billion Joint Venture company, the China-Russia Commercial Aircraft International Corporation (CRAIC), set up to compete with Boeing and Airbus. The license to operate in China was granted in Shanghai on Monday. The JV is between the Commercial Aircraft Corporation of China (COMAC) and Russia’s United Aircraft[…..]
Russian Prime Minister Dmitry Medvedev has stated in an interview on Chinese State TV that both the Chinese and Russian governments are looking at ways to link the Eurasian Economic Union with China’s One Belt, One Road (OBOR) initiative.
The Russian Finance Minister Anton Siluanov has confirmed that the government is preparing tax incentives aimed at improving labor productivity, during comments at the Russian Council for Strategic Development and Priority Projects. “These proposals will include measures aimed at increasing labor productivity on enterprises,” he said. The remarks come following criticism from President Vladimir Putin[…..]
As sanctions on Russia continue, many Asian countries – including Singapore – are now establishing closer trade and investment links with Russia. In this article, Chris Devonshire-Ellis explores the growing trade relationship between Russia and Singapore.
By Marina Romanova Foreign investment inflow in Russian stock in 2016 showed first positive annual result since 2012 and has exceeded US$727 million, according to the Citibank, which based its calculation on the Emerging Portfolio Fund Research (EPFR) data. In 2012 foreign investors injected US$410 million in Russian assets. The last year results are also[…..]
By Marina Romanova On the cusp of 2017, Sino-Russian political relations are still ahead of two nations’trade and economic cooperation. Russia’s worsened relationship with the west after the annexation of Crimea has further pushed Russia’s leadership into China’s arms.In 2014, European Union-Russian trade stood at US$377 billion, making the bloc Moscow’s most important economic relationship.[…..]
By Marina Romanova In a way to re-establish “the special and privileged nature’ of their strategic partnership, Russia and India have set the goal of boosting bilateral trade to US$30 billion and mutual investment to US$15 billion by 2025. However, Russian-Indian trade cooperation leaves much to be desired. For Russia, India is in 19th place[…..]
By Marina Romanova In May 2015, after six years and eight rounds of negotiations, Vietnam signed a free trade agreement (FTA) with Russia-led Eurasian Union (EU). Although, it took another 17 months for the deal to finally come into force in October 2016, Vietnam became the first and only country so far to establish a[…..]
By Marina Romanova Russian steelmaker found the way to lower the effect of severe anti-dumping duties levied by the EU on Russian steel in August 2016. According to Vadim Larin, chief executive of Severstal, Russia’s fourth-largest steelmaker, the firm is exporting Chinese cold rolled steel to the European Union instead of Russian one, because EU[…..]
By Marina Romanova China proposed to establish a free trade area between members of the China and Russia-led Shanghai Cooperation Organization (SCO). According to Qian Keming, PRC cabinet vice minister of commerce, a free trade area would facilitate regional economic cooperation and would enhance trade and economic cooperation between SCO members. He also called for[…..]