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    Kazakhstan-Eurasian Economic Union Trade Up 29% In January

    Kazakhstan’s bilateral trade with other member countries of the Eurasian Economic Union (EAEU) – Armenia, Belarus, Kyrgyzstan, and Russia reached US$1.7 billion in January 2022, which is 29% higher than the same period last year, according to Kazakhstan’s Statistics Committee. US$592.4 million of this were Kazakh exports (+34.4 percent), and US$1.1 billion imports (+26.3 percent).[…..]

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    New Risk Assessment Protocols For Foreign Investors In Russia

    Many Western law firms have exited the Russian market, some in total, others transferring the practice to their Russian partners. This, coupled with a massive array of sanctions on Russia and reciprocal measures imposed by Russia have left international investors in Russia short of significant advisory about handling their business operations during these unprecedented times.[…..]

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    Russia And Iran To Begin Banking & Finance Cooperation

    Russian-Iranian combined resources equate to the world’s eighth largest economy and one of the world’s largest energy providers  The Iranian Ambassador to Russia, Kazem Jalali has stated that Russian and Iranian officials are set to discuss banking and financial cooperation.

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    Moscow Stock Exchange Resumes Selected Trading

    When full trading begins, stocks will slump – meaning serious foreign blood on the trading floor while simultaneously creating bargain opportunities Russia’s Central Bank has decided to gradually resume trading on the Moscow Stock Exchange (MOEX) in the equity market from today (Monday March 21), after trading was suspended on February 24.

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    Russia Turns To Gold, Platinum, Diamonds and Rare Earths As Ruble Value Diminishes

    US analysts had better have had their sums right in casting out Moscow when it comes to Russian global dominance in precious metals, diamonds, and rare earths, while the US dollar continues its decline against global gold reserves by Chris Devonshire-Ellis Back in early February, just prior to the start of the Ukraine conflict, the[…..]

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    Russian Businesses Looking At Asia May Open Bank Accounts In Some ASEAN Countries

    Dezan Shira & Associates offices across Asia have been examining the sanctions and financial issues concerning trade with Russia, and we will be continuing to update as developments occur. Concerning Russia-ASEAN trade, as of now major banks (Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, VEB, VTB, Sberbank) have suspended remittances between Russia and Singapore in[…..]

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    Latest On Russia-India Trade And Ruble-Rupee Payment Corridors

    Dezan Shira & Associates offices across Asia have been examining the sanctions and financial issues concerning trade with Russia, and we will be continuing to update as developments occur. Concerning Russia-India bilateral trade, as of now major banks (Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, VEB, VTB, Sberbank) in India have suspended remittances between Russia[…..]

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    Ukraine Government Slashes Income Taxes to a Voluntary 2% and Reduces Import Tariffs To Zero

    Whole much of the media focus has been on Western sanctions on Russia, Ukraine’s economy and business sector has been suffering even more. Foreign businesses and their employees have largely fled the country, while millions of Ukrainians are unable to attend work.

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    China Doubles The Daily Ruble-RMB Permitted Trading Range

    China’s Foreign Exchange Trade System (CFETS) has set a wider trading band between the Chinese RMB Yuan and Russian Ruble stating this was “in accordance with the requirements of market development”.

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    Three Belarus Banks Cut Off From SWIFT, Move To Russia’s SPFS

    Three Belarusian banks – Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus – have been disconnected from SWIFT. Belarus was hit by Western sanctions after Russia’s military operation in Ukraine began.

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