Investment

Putin’s Presidential Inauguration Speech: National Development Plans & Russia To Become World’s Fourth Largest Economy By 2030

Economy, Investment

The Russian President Vladimir Putin made a comprehensive speech during his inauguration ceremony in the Kremlin, focusing on Russia’s future and its national strategic development plans. We summarise these and provide a link to the complete text below. Russian Priorities Amid the rapid changes in the world, Russia “must be self-sufficient and competitive,” open new […]

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Russia’s Aurus Luxury Auto Brand Takes Over Toyota’s St.Petersburg Production Plant

China, Investment, Trade

In another indication of how Western sanctions have spurred Russia’s domestic industries, a St. Petersburg-based plant formerly belonging to Japanese automaker Toyota has been transferred to Russian high-end carmaker Aurus, according to Denis Manturov, Russia’s acting Minister of Industry and Trade. Production of Aurus cars at the plant will start before the end of 2024.

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Russia’s Special Administrative Regions Gain Offshore Investment Interest

Foreign Investment, Infrastructure, Investment, Trade

The number of new companies registered in the Special Administrative Regions (SAR) on Russky Island in Vladivostok, and Oktyabrsky island in Kaliningrad exceeded 400 in April, with the registration of new residents indicating the continuing interest in re-domiciliation into Russia’s legal jurisdiction. The SAR’s offer specific benefits not available on the Russian mainland, including lower

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