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    The Social & Economic Impact Of Covid-19 On Russia And Recovery Potential

    By Maria Kotova, Dezan Shira & Associates Moscow  Current Situation  On March 28, most regions of Russia introduced ‘Recommended Restrictive Measures’ due to the situation with coronavirus. Cafes and catering establishments, shopping and leisure centers, cinemas and cultural institutions were closed. In some regions, a ban on visiting religious institutions came into force and public[…..]

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    Russia Looking At Setting Up Free Trade Zones In Israel, India, Iran, & Singapore

    Russia has been in discussions with the Governments of Israel, India, Iran, and Singapore about the possibility of establishing Joint Venture Free Trade Zones in their respective countries. These would allow both domestic and Russian companies to partner together and allow both export of manufactured and multi-component manufactured products to be exported back to Russia[…..]

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    Russia Proposes Lifting Global Sanctions And Creating “Green Trade Corridors” During Covid-19

    Speaking – via teleconference – to the leaders of the G-20 group of nations last week, Russian President Vladimir Putin has urged the creation of ‘green corridors’ to transport essential goods and technologies without sanctions as the world continues to battle the Covid-19 pandemic.

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    Heilongjiang Free Trade Zone Reopens On Russia-China Border

    Boost for small Russian traders accessing the China market Suifenhe, a major land checkpoint in northeast China’s Heilongjiang Province, has seen its free trade zone with Russia re-open. It had been closed in January and February due to the Covid-19 virus pandemic.

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    Russia, Cambodia Look At Increasing Trade & Tourism

    Russian Ambassador to Cambodia Dmitry Tsvetkov met with Cambodian Deputy Prime Minister Hor Namhong in Phnom Penh early last week and said both countries had good diplomatic relations which continued to be strengthened by Russian contributions to the Kingdom’s economic growth.

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    Despite Covid-19, Russia-China Trade Is Up 5% In 2020

    Although Russia and China have operated a closed border now for six weeks, trade volume between the two countries increased by 5% Year-On-Year in the period January-March 2020, according to Vladimir Oschepkov, the Russian consul general in Harbin. “According to our estimates, the volume of cargo transportation between our countries is gradually increasing.” the diplomat has said.

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    Russia To Defer All Business Taxes Except VAT For SME’s Until October

    As part of the economic boost to support Russian businesses during the Covid-19 pandemic, President Putin announced yesterday that the Government will provide tax deferrals for all taxes for small and medium-sized businesses, with the exception of VAT, for the next 6 months. In addition to such deferrals, a deferment on insurance contributions to social funds[…..]

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    Russia- South Korea Free Trade Talks Continue – EAEU FTA On The Cards

    South Korea’s Ministry of Trade, Industry and Energy announced that the South Korea-Russia FTA negotiations for the service and investment sectors would be held, for the first time by video conference due to the impact of the Global Coronavirus. They are taking place from today until Thursday, March 26.

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    Why Russia Is Suitable For Subsidiary Manufacturing Investments Supplying The China Market

    Op/Ed by Chris Devonshire-Ellis The Covid-19 virus is waging war across Europe, with new daily totals mounting. Businesses and personnel are facing lockdowns. Russia, too is affected – with a cluster of 100 cases in Moscow, and a handful across the country. Yet it has not been as badly affected as Europe, mainly because the[…..]

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    Russian Trade With North Korea Increased 40% In 2019

    North Korea’s trade with Russia jumped about 40 percent on-year in 2019 despite global sanctions imposed on Pyongyang, data disclosed by the International Trade Centre yesterday has stated. Bilateral trade between North Korea and Russia rose to US$47.9 million last year, up 40.6 percent from a year earlier. North Korea imported US$44.9 million worth of[…..]

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