Russia’s Arctic Commission has met in Murmansk to discuss ways to boost the extraction of natural resources in the country’s vast north. “We have to create a balanced system of preferences.” Arctic Committee chair and Deputy Prime Minister Yuri Trutnev stated and explained that Russia’s new Law on the Arctic will provide five categories of projects that[…..]
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[…..]
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.
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[…..]
Following Chinese calls for a Special Economic Zone on the Moon Russia has been developing lunar equipment that would see mining activities be realised.
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
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[…..]
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[…..]
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[…..]
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[…..]