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  December 31, 2019 by Russia Briefing
  

  Russia Raises Minimum Wages By 9% From 1st January 2020

  Russian President Vladimir Putin has signed into law the setting of the minimum rate of labor payment in Russia at 12,130 rubles ($195.5) starting January 1st, 2020. The previous minimum wage amount was 11,280 rubles ($181.8). The inflation rate in Russia is currently running at about 2.7%. The minimum wage in Russia is reviewed every[…..]
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  December 30, 2019 by Russia Briefing
  

  Russia Upgrades Arctic Airports & Ports As Part Of Northern Sea Passage Infrastructure

  Four strategic airports in Russia’s Arctic are in the process of being upgraded as the government plans for the development of the Northern Sea Route’s infrastructure begin to take shape.
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  December 23, 2019 by Russia Briefing
  

  Russian Markets Up 27% In 2019 As Investors Look At Fundamentals Beyond Sanctions

  Russian stocks, bonds and the ruble have all increased in value during 2019 as investors see economic recovery and catches up with other emerging markets. Equities in Moscow are poised for their best annual performance in three years: The MOEX Russia Index, https://www.moex.com/en/ the main ruble-denominated stocks benchmark, has rallied over 27% so far, while[…..]
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  December 19, 2019 by Russia Briefing
  

  Russia Developing Commercial ‘Moon Lift’ Lunar Transport Carrier

  Following Chinese calls for a Special Economic Zone on the Moon Russia has been developing lunar equipment that would see mining activities be realised.
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  December 17, 2019 by Russia Briefing
  

  Iran-Eurasian Economic Union Trade Hits US$330 Million A Month Since FTA Signed Off

  Mehdi Mirashrafi, the Head of Islamic Republic of Iran Customs Administration (IRICA) has said that the value of Iran’s share of preferential trade with Eurasian countries has reached US$194.2 million since the trade agreement with the Eurasian Economic Union (EAEU) was implemented on October 27 up to the end of November
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  December 13, 2019 by Russia Briefing
  

  Russian Commercial Passenger Aviation Up 10.6% In 2019

  Russia’s Federal Air Transport Agency has said that the total number of passengers carried by the various Russian airlines increased 10.6% Year on Year to it 119.2 million passengers. Passenger turnover rose to 300 billion passenger kilometers. Russia’s aviation passenger volume is roughly equivalent to that of Brazil, Germany and Japan. China carries about 600[…..]
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  December 12, 2019 by Russia Briefing
  

  Western Union Payment System Being Removed From Russia-Central Asian Transactions

  In moves that echo Russia’s desire to promote alternative payment systems to American networks such as SWIFT, transactions between Russia and Tajikistan via Western Union, one of the largest regional operators, have been banned. Western Union is a US-owned money transfer system, and is a major operator in Central Asia. For many years, these remittances[…..]
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  December 11, 2019 by Russia Briefing
  

  Russian Ambassador To EU Hoping For “New EU Cycle” Of EU-Russia Relations

  Vladimi Chizov, Russia’s long-serving EU ambassador expects ‘a new beginning” in EU-Russia relations during the new EU institutional cycle, he said during a speech at a dinner hosted yesterday (10th December) to mark 30 years since the then USSR started relations with the European Union. Ambassador Chizhov’s background covers much of the history of the[…..]
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  December 9, 2019 by Russia Briefing
  

  Easing Of Foreign Tourist Visas For Russian Arctic To Compete With Norway & Iceland

  Sergei Korneyev, the deputy head of the Russian Federal Agency for Tourism, has suggested at the Arctic: Today and the Future international forum held in St.Petersburg, that electronic visas and eased visa formalities for foreign visitors to the Russian Arctic could attract more tourists to the region. “We could without major financial investments ‘redirect’ to[…..]
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  December 5, 2019 by Russia Briefing
  

  Belarus-Chinese Special Economic Zone To Open In Vitebsk

  SEZ To Attract Chinese Investors Looking At EU & EU Investors Looking At Russia Belarussia’s Bremino Group and China’s Shaanxi Zhongqiao Silk Road Technology Development Company are to jointly develop an “International Silk Road Trade Center” in Bolbasovo, Orsha District, Vitebsk Oblast in Belarus. The facility, which is expected to be 62 hectares in size[…..]