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    Russia, Moldova Discuss Potential For EAEU Free Trade

    Russia and Moldova have agreed to lift trade restrictions and to hold discussions concerning the breakaway Russian-supported Transnistria region. The landlocked country is an ex-Soviet satellite sandwiched between Romania and Ukraine and is one of Europe’s poorest nations. Dmitry Kozak, Deputy Head of Russia’s Presidential Administration has been quoted as saying “We agreed to cooperate[…..]

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    Russia Proposes Lifting The Minimum Wage To ₽20,000 From January 1 2022

    By Chris Devonshire-Ellis Proposal would see increases of 70% to the basic minimum wage from next year Russia’s State Duma has proposed increasing the monthly minimum wage to 20,000 rubles (US$270). A group of deputies headed by the Chairman of the State Duma Committee on Labor and Social Policy Yaroslav Nilov are planning to submit such[…..]

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    Russia’s Foreign Currency, Gold Reserves And National Debt Compared With China and the United States

    By Chris Devonshire-Ellis  Russia is not as impoverished as imagined while US debt could become a problem when bartered against hard assets According to just released H1 2021 data from China’s State Administration of Foreign Exchange, China possesses US$3.21 trillion in foreign currency reserves. The Central Bank of Russia figures show Russia holding US$600 million[…..]

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    Russia To Launch Its First Electric Vehicle End 2021

    The compact Zetta is aimed at single city drivers  The Zetta, Russia’s first electric vehicle, is now set to go into series production at the end of this year. The compact three-door electric vehicle is to be produced at the Togliatti plant in the Samara region. A fuel cell car is to follow by 2024.[…..]

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    Re-Settling Asian Siberia To Create New Future Smart Cities

    Global warming is creating opportunities but relocating professionals needs careful planning  The development of Siberia is a long-standing and important issue of the state administration of Russia. Some cities appeared there due to spontaneous market circumstances. Smaller settlements became large centers based on decisions made by Moscow during the USSR, such as Komsomolsk-on-Amur, developed along the West[…..]

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    Ecuador Accepts Russian Invitation To Consider A Eurasian Economic Union Free Trade Agreement

    By Chris Devonshire-Ellis An EAEU-Ecuador FTA would be the first in Latin America The Russian President Vladimir Putin has held discussions with Ecuador’s President Guillermo Lasso concerning developing trade between the two countries. This has extended to an invitation for Ecuador to participate in a free trade agreement with the Eurasian Economic Union.

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    Russia-North Korea Bilateral Trade Set To Resume

    DPRK is running low on staple foods and fuel Russia and North Korea are to resume trade as soon as borders reopen between the two countries, the Russian Embassy in Pyongyang said yesterday. North Korea closed its borders in January 2020.

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    How Russian & EAEU Businesses Can Access The US$25 Trillion RCEP Free Trade Market Access Via Existing & Pending Agreements

    By Chris Devonshire-Ellis   China has ratified the much-anticipated Regional Comprehensive Economic Partnership (RCEP) free trade agreement and said that it hopes other members will ratify the deal for it to take effect from January 1, 2022. That is just five months from now.

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    Russia And Cambodia To Increase & Develop Bilateral Trade

    By Chris Devonshire-Ellis Bilateral trade at US$220 million leaves plenty of room for development with an EAEU free trade agreement on the horizon Cambodia and Russia have agreed to boost bilateral cooperation on trade and investment, as the two countries mark the 65-year anniversary of the establishment of diplomatic relations. The first Russian Online Business[…..]

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    Russia Considers A Special Economic Zone At Belgorod

    SEZ close to the border with Ukraine Russian President Vladimir Putin has supported the idea of creating a special economic zone in the Belgorod region. The acting governor of the region Vyacheslav Gladkov has voiced plans to double the gross regional product by 2030. In his opinion, this can be done by implementing several investment[…..]

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