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.
Op/Ed By Chris Devonshire-Ellis How well balanced or desirable is Russia’s services trade with the European Union? Who are the EU’s competitors? Sanctions imposed by the European Union on Russia in 2014 have diminished bilateral trade with Russia considerably over the past four years. Although there is signs of some recovery as markets adapt and[…..]
Maxim Oreshkin, Russia’s Economic Development Minister, and Wang Zhigang, China’s Science and Technology Minister have signed an MoU to create a US$1 billion Research and Technology Innovation Fund. The Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC) will finance the project. The new fund will be created for eight years, with the[…..]
Brings Russia Into Global Tax Standards Compliance Russia has joined the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), the OECD announced on June 18th. Russia becomes the 88th jurisdiction to join the pact, which is designed to reduce opportunities for multinational firm profit shifting and improve[…..]
Op/Ed by Chris Devonshire-Ellis Trans-Siberian Rail links, commercial viability and market potential are opening up foreign investment opportunities in Central North Asia There are many foreign investors in Asia, who when asked to define the Asian region, will mention China, India, Japan, Korea, South-East Asia and maybe some of the smaller countries on the peripherals.[…..]
First significant withdrawal of USD from international trade Russia’s Finance Minister Anton Siluanov and Chinese People’s Bank Governor Yi Gang have signed off a deal that will see the two countries ditch the US dollar in international settlements between them and revert to using their own currencies. With Russian-China bilateral trade running at about US$25[…..]
An easing of Russia-United States relations may be on the cards as Presidents Putin and Trump met on the sidelines of the G20 meeting in Osaka, Japan. Kremlin Aide Yuri Ushakov said “We invited the US president to attend the 75th anniversary of the Victory in the Great Patriotic War on May 9th next year.[…..]