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    China Propose to Set Free Trade Zone between Shanghai Cooperation Organization Members

    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[…..]

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    Eurasian Transport Hub for the Silk Road Economic Belt to be Built in Outskirts of Moscow

    By Marina Romanova Russia and Kazakhstan plan to build a 400,000 TEU international logistic center ‘Central Dry Port’ in Moscow suburbs, Russian daily Kommersant reports. Russian firm Coalco Development and KTZExpress, subsidiary of Kazakhstan’s Railways, signed an agreement on this project on October 5th. The construction site of the logistics hub handling containers passing along[…..]

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    WTO to issue first-ever Trade Policy Review of Russia

    By Marina Romanova WTO to question import substitution Last week World Trade Organization held two days long discussion on its first Trade Policy Review of the Russian Federation since Moscow joined WTO in August 2012 as its 156th member. The Review took place at a time when Russia faced a challenging economic environment: fall in[…..]

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    Alrosa to Double Diamond Sale to Asia in 2018

    By Marina Romanova A day ahead of the Second Eurasian Economic Forum, Russian PJSC Alrosa, the world’s largest producer of rough diamonds, has open its Eurasian Diamond Centre in Far Eastern port-city of Vladivostok. According to the miner press release, the company wants to boost gem sales to Asia-Pacific nations, including China, India, Japan, and[…..]

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    South Korea to invest US$5.37 billion in Russian Far East

    By Marina Romanova In exchange to disapproval of North Korea’s “self-proclaimed status” as a nuclear power, South Korean President Park Geun-hye accepted Vladimir Putin’s invitation to develop the Russian Far East, Russian and South Korean media reports. The main economic value for Moscow for the diplomatic solution are US$5.37 billion worth projects to be implemented[…..]

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    Hyundai Motor’s Russia to Ship Cars to Georgia and Tunisia

    By Marina Romanova Hyundai Motor’s Russian plant in St Petersburg will start exporting Russian-assembled cars to Georgia and Tunisia this month, the company said in its statement yesterday. The world’s fifth-biggest automaker will ship the Solaris, its flagship model in Russia, to Tunisia and its Accent and Creta models to Georgia. Creta will also be[…..]

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    Chinese and South Koreans to export water from Lake Baikal

    By Marina Romanova Chinese and South Korean investors plan to export bottled water from grand Siberian Lake Baikal, Russian media reports. Last year the government of the Republic of Buryatia signed a letter of intent on the construction of two plants with the participation of investors from China (Beijing-based Jinbei Yuan) and South Korea (Seoul-based[…..]

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    Russia-Hong Kong СDTA Will Go Into Effect on January 2017

    By Marina Romanova The comprehensive double taxation agreement (CDTA) between Russia and Hong Kong entered into force on July 29, 2016, and will go into effect in Russia for any year of assessment beginning on or after January 1, 2017 in Russia and April 1, 2017 in Hong Kong. The CDTA agreement, which was signed[…..]

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    Moscow to Restore Ties with Ankara Contrasting Public Opinion

    By Marina Romanova Turkish president Recep Erdogan travels to St. Petersburg on coming Tuesday, August 9th, to meet his Russian counterpart Vladimir Putin to restore two nations’ economic ties being down since Turkish air force dropped Russian Su-24 fighter jet near the Syrian-Turkish border in November 2015. The followed termination of Moscow-Ankara affairs painfully hit[…..]

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    Quo vadis Russia: Moving Toward or Away from the WTO?

    By Marina Romanova As the last “Report on the Implementation and Enforcement of Russia’s WTO Commitment” phrase it, Russia took the myriad steps – adopted laws, regulations, resolutions, decrees, and other measure – to bring its legal regime governing international trade into conformity with the WTO Agreement, but what are Russia’s achievements so far? Being[…..]

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