Stay compliant while doing business in Russia. Your guide to the Russian legal and regulatory environment, covering business law, tax, and industry-specific compliance requirements for investors.
Japan, which holds about US$30 billion of frozen Russian assets, has refused to seize the Russian assets it holds and send them to Ukraine, despite pressure from the European Union to do so. Japan holds cash reserves that had been previously used to help fund bilateral trade, worth an estimated US$30 billion. Japanese Finance Minister […]
Russian and Saudi officials have signed an agreement allowing visa-free travel for citizens of both nations for up to 90 days in every 365-day period. The deal was struck at a bilateral business forum in Riyadh on Monday and will come into effect 60 days after it is signed and ratified by both sides. Travel […]
President Vladimir Putin has signed a decree allowing visa-free entry to Russia for Chinese citizens, granting them stays of up to 30 days. Chinese citizens can now travel visa-free to Russia for private visits, business, tourism, or to take part in scientific, cultural, political, economic, or sporting events. The measure took effect as of December […]
As the 30th Conference of the Parties to the UN Framework Convention on Climate Change (COP-30) in Belem, Brazil, concluded without a final climate deal, the global climate agenda now stands at a crossroads. Decades of ambitious declarations from Western industrialized nations have not delivered the promised reductions in global emissions. Instead, what the world […]
The Russian government has accounted for the wishes of businesses and members of parliament and proposed a gradual transition to VAT payment for small- and medium-sized businesses on a simplified tax system, lowering the payment revenue mechanism from a threshold of ₽20 million (US$245,000) to ₽10 million (US$125,000) over the coming three years, Prime Minister […]
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Russian academics have begun questioning the level of economic and political intelligence being cited by the West when it comes its collective analysis of Russia, with many perplexed about how the West so consistently sticks to its statements that it is being threatened by Russia, that the country is collapsing, and economic decline is imminent. […]
Russia and China are to sign a memorandum of cooperation in healthcare in November, giving new impetus to the mutual quality and safety of their respective medical products, according to Mikhail Murashko, the Russian Health Minister. He said, “The work done by the Russian Scientific Center for the Examination of Medical Products of the Health […]
The agreement between Russia and Jordan mutually waiving visa requirements for citizens of the two countries is to come into effect from December 13, the Russian Foreign Ministry has stated. Russian citizens will be able to travel to and stay in Jordan without having to apply for visas for 30 days, provided that they do […]
Russia and China have updated their Bilateral Investment Treaty (BIT), which was first agreed upon back in 2006. BITs typically provide legal guarantees for reciprocal investments, as well as containing specific preferential agreements on tax rates impacting specific detailed industries and the services sector. Russian President Vladimir Putin signed the bill that ratifies these updates […]
The Russian President, Vladimir Putin, has conducted his annual Q&A session at the Valdai Club, which was themed this year as “The Polycentric World: Instructions for Use.” In it, Putin touches on numerous academic issues to explain the changes global society is going through, why this is happening and the potential for reform and global […]
The Russian President, Vladimir Putin delivered an insightful speech at the Valdai International Discussion Club on October 2nd with numerous points made about Western and Russian joint development interests, while expressing the hope for reconciliation and cooperation. He touches on European contributions to global society, while pointing out the areas where contemporary attitudes are interfering […]
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