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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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    Russia to dominate world wheat market

    By Marina Romanova Russia has unseat the United States as the top grain exporter by winning the race to export more than 140,000 tons of wheat to Egypt, world’s biggest wheat buyer, international and Russian media reports. In two tenders this month, Egypt agreed to buy 480,000 tons of wheat with more than half coming[…..]

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    Russian middle class to continue buying real estate abroad yet in smaller numbers

    By Marina Romanova Russia’s shrank yet still present middle class will linger to invest in real estate property abroad in 2016 as investors seek to protect their capital from domestic risks. “Most Russian-speaking investors are successful entrepreneurs, owning and operating businesses in Russia and/or CIS countries. Due to the volatile financial situation in the region, they are[…..]

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    IKEA to Beat “The Way to Communism” and to Invest US$2.1 BLN in its Russian Malls

    By Marina Romanova The Supreme Court of Russia has affirmed the lower court’s ruling rejecting a claim of an agricultural enterprise, former collective farm “The Way to Communism”, which demanded to demolish two 15 store’s buildings of the “Khimky” business park, belonging to Swedish furniture retailer. Thus the court has settled the claim of IKEA,[…..]

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    Russia’s diamond miner to start new kimberlite pipe and plug state budget holes

    By Marina Romanova Russian diamond miner Alrosa PJSC has announced the start of the development of Zarya kimberlite pipe, a new deposit in its Aikhal Mining and Processing Division (MPD) located in Mirny District of Russian Republic of Sakha. The initial investment estimated by the company to approximately US $150 million. The announcement came along with the news[…..]

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    Regulator to approve acquisition of 13.3 percent of Siberian Bystrinsky GOK by Chinese Investors

    By Marina Romanova Government Commission on Monitoring Foreign Investments has approved long anticipated acquisition of 13.3 percent of Bystrinsky copper-gold-iron development project by Chinese Highland Fund, www.finmarket.ru quoted Igor Artemyev, head of the Russian Federal Antimonopoly Service, as saying. Last December, China’s Highland Fund, consortium established by prominent Chinese investment funds and corporations, has agreed[…..]

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    EU to extend anti-Russian sanctions but ‘menu’ of punishment may be changed later this year

    By Marina Romanova Another round of discussion on Western sanction’s regime against Putin’s Russia, which was extended in December 2015 until July 31 of this year, is set in Europe. The EU’s sanctions on Russia’s energy, financial and defense sectors, which also include travel bans and asset freezes for some Russian politicians and friends of[…..]

Showing 10 of 295 articles