The US Dollar is being forced out of global transactions with increasing speed Op/Ed by Chris Devonshire-Ellis Moves by countries to move away from US dollar transactions have been gathering steam, and look set to develop further as trust in the United States continues to slump in the wake of trade threats and a lack[…..]
New UK-Russia Tariff Regime Offers Up Potential For Both Russian & Chinese Markets Although there is still some way to go before normal relations come to the fore between the UK and Russia, there are viable trade developments that are starting to make Russia look like a potentially attractive and profitable destination for British investors.
The United Kingdom has informed Russia of its new UK Global Tariff Scheme (UKGTS) which comes into force from 1st January 2021. The UKGTS rates come in due to the United Kingdom leaving the EU-wide tariffs and customs union on that date. New customs rules will apply to goods exported from countries that had no[…..]
Trade turnover between Turkey and Russia increased by US$81.6 million in February 2020 compared to the same month of 2019, exceeding US$1.9 billion, according to the Turkish Ministry for Trade. During the two months January and February 2020, trade turnover between Turkey and Russia increased by US$381.1 million compared to the same period of 2019,[…..]
Op/Ed by Chris Devonshire-Ellis China’s State Council has decided to extend preferential corporate income tax policies to further enhance the massive development of the western regions. Following an executive meeting on April 14 this year, China’s Ministry of Finance and the State Taxation Administration has subsequently released the Announcement about Continuing to Implement Preferential Corporate Income[…..]
Op/Ed by Chris Devonshire-Ellis Kamaz, the Russian and world-leading manufacturer of heavy- duty trucks, has been putting their new driverless technologies to the test in Russia’s far north, with no one in the driver’s seat. Furnished with front and rear cameras as well as a set of self-driving robotic devices, the trucks were filmed cruising through[…..]
Russia has begun issuing travel passes issued by local Government offices Op/Ed by Chris Devonshire-Ellis Russia has begun asking businesses and responsible management in the country to take responsibility for employees working or having to travel out of the office or from home. Procedures in place are as follows: Employees requesting such permits have to[…..]
Op/Ed by Chris Devonshire-Ellis Russia’s Far East Zvezda shipyard and Rosatomflot, Russia’s nuclear powered ice-breaker manufacturer, have signed contracts for the construction of what will be the worlds largest ice-breaker. The new vessel, to be delivered in late 2020, will dwarf the power of existing classes of these ships, with a new 120-Megawatt powerplant.
Abandoned Stalin-Era Northern Latitudinal Project May Receive A New Lease Of Life Op/Ed by Chris Devonshire-Ellis The Russian Geographical Society (RGS) has been exploring the length of the Stalin proposed Trans-Polar Railroad, also known as the Northern Latitudinal Railway, and have been installing geo-thermal equipment to evaluate the potential for reviving the project.
Russia-British Business Council Members Dezan Shira & Associates have recently translated their leading range of Doing Business in Asia guides into Russian.