Compiled By Chris Devonshire-Ellis Analysis & Opinion Russian GDP Improves In Q3 2020 On Local Consumer Demand (ING) Russia Hosts Summit Of SCO Leaders (AA) Russia Looks To Limit Grain Exports From February (ahdb) Foreign Investment Opportunities In Russia 2021 (Russia Briefing) Finance
Op/Ed By Chris Devonshire-Ellis Trade with China expected to double by 2024 Eurasian Economic Union exports up 43% Favorable tax and free trade incentives Membership of BRICS Middle class consumer base of 50 million
Veronika Nikishina, CEO of the Russian Export Center said that increasing bilateral trade turnover between Russia and China to US$200 billion by 2024 is feasible. “The task set by the leaders of our countries – to reach the level of US$200 billion by 2024 – will be completed. We have excellent prospects, and this is clearly seen[…..]
Russia and Thailand have agreed to work together to raise bilateral trade to US$10 billion in 2023, in part to help reboot the economy after the Covid-19 outbreak. Speaking after last weeks conference with Vladimir Ilichev, Russia’s Deputy Economic Minister, Thai Commerce Minister Jurin Laksanawisit said the two parties aim to raise two-way trade to US$10[…..]
The Archangelsk Regional Government has said it will work out the creating of the Pomor Harbor Marina. Governor Alexander Tsybulsky has said that “A very interesting project can evolve, including in terms of the economic payback. We will try to work on the project to be able to claim assignment of the status of the tax resident[…..]
Alfa Bank, one of the largest private commercial banks in Russia, has joined a blockchain trade finance network backed by HSBC.
The Asian Infrastructure Investment Bank (AIIB ), of which Russia is a major shareholder, is extending financing to Russian Railways (RZD) to the Ruble equivalent of US$300 million. RZD owns and operates Russia’s integrated national passenger and freight railway network and is the largest commercial employer in Russia with around 900,000 employees. The AIIB loan will[…..]
Russia’s Ministry for the Development of the Far East and Arctic will support Karelia’s initiative to organize a free customs zone in the region’s Arctic districts. It will be a major benefit for potential Arctic investors, working with foreign equipment, according to the Arctic regional Deputy Minister Alexander Krutikov, who stated “The free trade customs zone option[…..]
Russian President Vladimir Putin will host the Heads of State of Brazil, China, India and South Africa via videoconference on 17 November for the BRICS 2020 summit. Initially planned to take place in July, it was postponed due to the current coronavirus pandemic.
Russia is calling on its partners in the Eurasian Economic Union (EAEU) and China to limit the use of the US dollar (and the euro) within the trading block in order to reduce dependence on the monetary and financial system dominated by Western powers.