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    Russian Corporate Tax Use Of Special Administrative Regions Doubles in 2022

    Despite high capitalisation costs, use of Russian SARs is increasing Increased Western sanctions have motivated Russian domestic businesses to relocate Russia’s own offshore jurisdictions in the first nine months of 2022, according to the Russian Ministry of Economic Development. 49 Russian MNCs have moved to Special Administrative Regions (SAR) of Russia, more than double the[…..]

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    Russia To Pilot The Digital Ruble From April 2023

    “The Digital Ruble is a replacement for the Cash Ruble” – Russian Deputy Minister of Finance Aleksey Moiseev on a new form of money.     The Russian Ministry of Finance has begun discussing with the Central Bank options for using the Digital Ruble in the budget process. Deputy Finance Minister Alexei Moiseev said the next[…..]

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    Russia, UAE Discuss Elements Of Developing A New World Order

    Thousands of Russian Digital Nomads Are Taking Up Residence In The Emirates  Russian President Putin has met with the United Arab Emirates Sheikh Mohamed Bin Zayed Al Nahyan, where they reviewed a number of regional and international issues and developments of common concern during discussions.

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    Iran To Connect National Grid To Russia And Other Shanghai Cooperation Organisation Countries

    Iran is working on a major project to link its national grid with Russia and other members of the Shanghai Cooperation Organization through a transmission line in the east of the Caspian Sea, according to comments made by the Iranian energy minister’s adviser in international affairs.

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    Kyrgyzstan Offers Preferential Incentives To Attract Russian Manufacturers

    Umbriel Temiraliev, the head of Kyrgyzstan’s National Investment Agency, has said during the current Russia-Kyrgyzstan Investment Forum that numerous Russian companies are interested in partial localization of their production in Kyrgyzstan, and that national Kyrgyz authorities are prepared to create the necessary conditions to accommodate this. With the European market non-energy cut off from Russian exporters, Russian[…..]

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    Iran: Developing Free Trade Zones With Russia Can Beat Sanctions

    Iran’s First Vice President Mohammad Mokhber has said that US-led sanctions cannot stand in the way of trade between Iran and Russia, and has highlighted the role of free trade zones in bypassing the embargoes and expanding bilateral ties. Mokhber, who is currently in Russia as the head of an Iranian delegation participating in the[…..]

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    Russian, Turkish Banks In Talks To Allow Russians Access To Turkiye’s Troy Payment Card System

    In light of the United States threatening Turkish banks with sanctions and SWIFT disconnection if they continued to operate Russian MIR payment cards for Russians visiting Turkiye, Ankara has been discussing a solution. 

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    Gazprom Starts Work On The Arctic Northern Latitudinal Railway

    Gazprom is beginning construction (overhaul) of the Nadym – Pangody section of railroad, which will become a part of the Northern Latitudinal Railway, the company has said. The Northern Latitudinal Railway will allow for organizing a direct connection between Northern and Sverdlovsk railroads on the Obskaya – Salekhard – Nadym – Pangody – Novy Urengoy[…..]

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    Kaliningrad Unveils Open Skies Policy To Attract Asian Airlines & Tourists

    Kaliningrad’s Khrabrovo Airport intends to attract airlines from the Persian Gulf and Asia with its open skies policy. Airport CEO Alexander Korytny has stated that “The open skies regime of the Seventh Freedom of the Air established for Khrabrovo Airport by the Federal Air Transport Agency as of October 1 opens up new opportunities for[…..]

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    Russia-European Union Bilateral Trade Increased 30.1% In 7M 2022

    Russian exports to EU up 69.9% and EU exports to Russia down 33% as sanctions and increased energy costs harm EU exporters Despite sanctions, bilateral trade volumes between Russia and the European Union countries actually increased during the period January-July 2022, according to the EU’s own monitoring department, Eurostat. Trade turnover for the period reached[…..]

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