China’s AliExpress online platform has started its small and medium enterprises program in Russia, where the company will act as the wholesaler for retail chains, the e-business company has stated. Goods from the seasonal range, accessories, home and garden products, and clothing will be available at the first stage.
Op/Ed by Chris Devonshire-Ellis Russia & Turkeys Gradual Pivot To Asian Institutionalization Will Improve Trade Prospects Bilateral trade between Russia and Turkey is under-exploited and “should be US$100 billion per annum” according to Rushkar Pekcan, Turkey’s Foreign Trade Minister, speaking at the Russia-Turkey Joint Economic Commission held last week at the Turkish resort of Antalya.
Russia’s Foreign Ministry has stated that it wants to have a role in the Instrument in Support of Trade Exchanges (Instex), a special mechanism launched since earlier this year to facilitate trade between Iran and the European Union at the time of increased US economic pressure on Tehran. It is possible it could also be[…..]
Looking at the new dynamics of an increasingly eastern facing Russia is relatively simple, with the establishment of the Representative Office (RO) in the country a proven method for assessing the local market and its new dynamics. A RO also avoid any possible entrepreneurial risks, as they are cost centers only and not incorporations.
Op/Ed by Chris Devonshire-Ellis Small signs of reintegration as North Korean Belt & Road participation remains a regional goal North Korea may only be a small player in terms of its global trade, and this also hold true with Russia. However the two countries share a common border, and Moscow, along with Beijing have largely[…..]
Op/Ed by Chris Devonshire-Ellis Trade and Logistics Opportunities Await Entrepreneurs & Businesses All Along The Trans-Siberian Routes – If You Know Where To Look Russia has announced the opening of the so-called “Trans-Siberian Land Bridge” with a successful first test run of cargo from Yokohama to Europe. Essentially the route covers a dual maritime-rail link[…..]
Which cities will benefit from being along the shortest route between China and Europe? Op/Ed by Chris Devonshire-Ellis Russian Prime Minister Dmitri Medvedev has given the go-ahead to build a new toll motorway stretching just over 2000 km through some of the more remote areas of the country – acting as a “Moscow bypass” between[…..]
Russia’s huge landmass gives it access to three of the worlds largest oceans, the Atlantic, with the Sea Of Azov, Black Sea, Baltic, Barents and White Sea; the Arctic, with the Kara, Laptev, Chuckchi and East Siberian Seas, and the Pacific with the Bering, Okhotsk and Japan Seas. Russia’s Federal Agency for Fishery estimates the potential of the[…..]
In this article, we explain the import and customs duties procedures in Russia.
Double tax treaties are useful instruments for foreign investors or trade businesses to avoid being taxed in two countries and mitigate tax liability.