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    Russia And UAE To Discuss EAEU Free Trade Agreement

    By Chris Devonshire-Ells Bilateral trade between all EAEU members and the UAE is increasing Russia’s Industry and Trade Minister Denis Manturov has said that the United Arab Emirates (UAE) has suggested creating a free trade agreement with the Eurasian Economic Union (EAEU) and that the issue is being discussed.

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    Russian Government To Propose Increasing The Tax-Free Earnings Threshold To ₽10,000

    A bill to the Russian State Duma is due to be presented to the Government that proposes an increase from 4,000 to 10,000 rubles (US$135) the monthly income tax threshold below which individual income is not subject to tax.

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    Russia To Introduce Simplified Tax Payment System For SMEs In 2022

    New ATS system pilot for businesses with turnover less than ₽60 million. Russia is to launch a pilot scheme Automated Taxation System (ATS) next year, according to in Prime Minister Mikhail Mishustin. This a variant of the existing Simplified Taxation System (STS) and is designed to reduce the administrative burden in calculating and paying taxes[…..]

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    Russia and Bangladesh Take Trade Steps Towards An EAEU Free Trade Agreement

    Dhaka and Moscow have signed an agreement this week on establishing an Intergovernmental Commission (IGC) on trade, economic, scientific, and technical cooperation, which in turn, will provide an effective platform for advancing the bilateral trade and economic cooperation between the countries. Bangladesh is situated between India, China and ASEAN and is developing as a major[…..]

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    Russia Recategorizes Some Areas Of The Far North

    Allows reallocation of State and Regional Budgets to develop infrastructure supporting the Northern Sea Passage The Russian Government has approved an updated list of regions that fall into the category of the Far North and equivalent territories. This was reported on the website of the Cabinet of Ministers on November 17. The distinction is important[…..]

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    Opportunities For Asian Suppliers As Russia Considers Cancelling Beef And Pork Import Duties For 2022

    Import Tariffs of 25% to be Skewered Russia’s authorities are reportedly discussing abolishing import duties on pork and beef to tame the upward price rally on the domestic red meat market. This is of special interest to Asian countries such as India, the world’s fourth largest exporter of beef, and to China, Thailand and Vietnam,[…..]

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    Russian and EAEU Commitments Concerning Climate Change

    In November 2016, the Paris Climate Agreement entered into force, signed by 195 countries, including Russia. The main goal is to keep the increase in global average temperature below 2 ° C and, if possible, limit it to 1.5 ° C. It is expected to achieve this goal by reducing the level of greenhouse gas emissions, in[…..]

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    Russia To Deal With Labor Shortages By Tripling Migrant Worker Volumes And Increasing Multilateral GDP

    In strategic moves designed to triple the number of migrant workers in Russia by 2030, the Russian government said that it would set up pre-migration centers in Uzbekistan, Kyrgyzstan, and Tajikistan. These are the three largely originating countries for migrant labor in Russia, and a major source of inbound remittances as workers send money back[…..]

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    Russia-China Bilateral Trade Up 30.9% Over 2020

    Russo-Chinese trade turnover from January to October 2021 grew by 30.9% year on year, reaching US$115.66 billion, China’s General Customs Administration reported on Sunday. That indicates a predicted 2021 total trade turnover of about US$140 billion for the year. Chinese exports to Russia increased 30.6%, to about US$52.9 billion in value during the first ten[…..]

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    Potential For Mongolia-EAEU Free Trade Agreement Among Intertwined East Asian Regional Ties

    Mongolia’s new President, Ukhnaagiin Khürelsükh is a champion of China’s Belt and Road Initiative and is looking to expand Mongolian trade and investment into Asia. Yet the landlocked country, sandwiched between China and Russia, has to tread carefully between the two superpowers. Russia and China are key neighbors for Mongolia, while 2021 had marked the[…..]

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