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    Russia (Partially) Restores Its Monarchy

    By Chris Devonshire-Ellis Russian Grand Duke George Mikhailovich Romanov, a descendant of the countries Romanov dynasty wed in a lavish ceremony on Friday, marking the country’s first royal wedding since the Bolshevik revolution overthrew the monarchy a century ago. Grand Duke George Mikhailovich Romanov married his Italian fiancée Rebecca Virginia Bettarini at St. Isaac’s Cathedral[…..]

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    Income Taxes For Foreigners Investing In Russian Stocks May Be Reduced From 30% To 13%

    By Chris Devonshire-Ellis  Good news for foreign investors in Russia and CIS stock markets Income Tax rates from investments in Russia’s stock market by foreign nationals can be reduced from the current 30% to 13%, according to Ivan Chebeskov, Director of the Financial Policy Department of the Ministry of Finance in comments made to Izvestia.[…..]

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    Russian Ministry Of Finance To Introduce Changes To Individual Income Tax Laws

    Changes will impact Russian employers and staff based overseas The Russian Ministry of Finance proposes to make several adjustments to the individual income tax, according to the appendix to the Main Directions of the Budgetary, Tax and Customs Tariff Policy for 2022 and the planning period of 2023 and 2024.

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    Washington Revives Cold War Games In The Arctic

    The United States Doesn’t Recognize Russian Territorial Claims Along The Northern Sea Passage The United States, which as an Arctic nation refuses to recognize Russia’s right to use the Northern Sea Passage and disputes some of its territorial claims, has been increasing activities in Alaska, and intensifying its presence in the Arctic regions.

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    US Businesses Have Invested Nearly US$100 Billion In Russia

    American companies operating in Russia have made direct investments amounting to a total of US$96.05 billion, according to the sixth annual joint survey of the American Chamber of Commerce in Russia (AmCham) and Ernst & Young.

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    Despite Western Negativity, Russia’s Market Is Booming As Asia Draws Nearer

    Russia gets a lot of negative press, but did you know its stock market is beating the S&P 500 so far in 2021? The U.S. market has returned about 20% the year to date, while Russia’s MOEX Index has increased more than 31%.

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    Russian 2021 GDP Growth Expected At 4.2%

    The Russian government expects the country’s economy to grow by 4.2% this year, Prime Minister Mikhail Mishustin announced at a meeting on Tuesday.

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    Russia To Expand Overseas Trade & Economic Development

    Russia’s Economic Development Ministry will have representatives in 52 countries from October 1, 2021. The decree to that effect signed by President Vladimir Putin was published on the official portal of legal information on Tuesday.

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    Thai Prime Minister Wants Eurasian Economic Union Free Trade Agreement Concluded

    Thailand hopes to conclude a free trade zone agreement with the Eurasian Economic Union (EAEU), the country’s Prime Minister Prayut Chan-o-cha said during his speech at the recent Far Eastern Economic Forum at the beginning of September.

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    Russia To Expand Trade & Services With ASEAN

    ASEAN has been hosting virtual ministerial meetings with its important global trade partners, including with Russia. During the ASEAN-Russia sessions, ministers adopted the revised Asean-Russia Trade and Investment Cooperation Roadmap and the Asean-Russia Trade and Investment Cooperation Work Program for 2021-25. These focus on trade and industry; micro-small, small and medium-sized enterprises; sci-tech, innovation and intellectual[…..]

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