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    Russia-Armenia Trade and Investment Summary, 2023

    By Contantin Duhamel Russia and Armenia are both members of the Eurasian Economic Union (EAEU) and Commonwealth of Independent States and share a common Orthodox Christian heritage. Russia and Armenia’s proximity at heart stems from their interaction in Russia’s 18th century expansion in the Caucasus. Similar to the Ossetians and to a lesser extent the[…..]

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    Russia, China, Resume Visa-Free Mutual Tourism Group Travel

    Russia and China have reinstated an agreement on visa-free group trips, which was suspended during the Covid-19 pandemic, the Russian Economic Development Ministry has stated, announcing “The agreement between the government of the Russian Federation and the government of the People’s Republic of China on visa-free group tourism visits of February 29, 2000 has been[…..]

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    Mongolian Banks To Accept Russian MIR Debit Cards

    The list of countries who will permit access to Russia’s MIR banking system is growing with Mongolia set to join shortly. Tuksgrlin Munkh-Od, the head of the Department for the Coordination of Tourism Policy at the Ministry of Environment and Tourism of Mongolia, set out the plans last Thursday (February 16), stating that the country’s[…..]

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    Russia’s State Duma Dances With Digital Financial Assets

    By Paul Goncharoff The Russian economic bear is showing some very nimble moves while engaging with the blockchain of things. Just this week the Russian Duma decided to pair marketplaces and blockchain platforms in an effective digital dance.

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    January 2023 Russia-Azerbaijan Bilateral Trade Up 62.4% YoY

    Russia-Azerbaijan bilateral trade surged by 62.4% in annual terms to US$336.3 million this January, according to the State Customs Committee of Azerbaijan.

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    Russia’s New Foreign Policy To Concentrate On Global South Partnerships

    Russia’s updated foreign policy concept will outline the need to do away with the West’s international dominance, Russian Foreign Minister Sergey Lavrov said on Wednesday (February 15) in a speech to the Russian State Duma.

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    Russia-Belarus Bilateral 2023 Trade Expected To Grow 6.5%

    The Belarus Ambassador to Russia, Dmitry Krutoi has discussed the trade and economic cooperation between Belarus and Russia in 2022, stating that “2022 was a record year in trade with Russia. There were several basic tasks set by the president and the government. The main one was to redirect US$6.5 billion worth of trade from[…..]

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    Russian Retailers To Feature More Local Products – New Bill

    The changing dynamics of the domestic Russian consumer market amidst Western exits is being underlined by Viktor Yevtukhov, the Russian Deputy Industry and Trade Minister. He has just tabled a proposal that will require Russian retailers to carry a certain share of Russian products in their stores.

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    Lassoing The Crypto-Mining Cowboys

    Kazakhstan and Russia are getting serious in regulating crypto miners By Paul Goncharoff Russia and Kazakhstan are endeavoring to regulate and standardize the crypto mining industry. It looks like the free-wheeling, low-cost energy and untaxed niches of Kazakhstan as well as Russia are finally succumbing to the pressures of regulation as ‘cowboy’ days are numbered.

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    UAE Grants Operating License To Russia’s MTS Bank

    Russian nationals will shortly be able to open bank accounts in Dubai: We can provide assistance     The Central Bank of the United Arab Emirates has granted a licence to Russia’s MTS Bank, a move that will allow Russian nationals to open personal and business accounts in the UAE. MTS Bank is registered in Abu Dhabi[…..]

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