Regulatory

Counterfeit

Russian Products Being Counterfeited In China As Consumer Interest In Russia Increases 

BRICS, China, Exports, Regulatory, Trade

Copying someone is a form of flattery, however Chinese authorities are having to crack down on counterfeit Russian goods being sold in the country, a dubious form of cultural appreciation and one that somewhat inevitably goes with strengthening trade ties. The moves follow a rising number of complaints from consumers about the quality and authenticity […]

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marie time

Russia Joins Convention on International Organisation for Maritime Safety 

Infrastructure, Logistics & Transport, Regulatory

The Russian Government has submitted for ratification to the State Duma the Convention on the International Organization for Maritime Navigation Equipment (IALA). This gives Russia the opportunity to participate in the work of the organization as a member state. The convention is a treaty that establishes the International Organization for Marine Aids to Navigation as

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EAEU Flag

Eurasian Economic Union Agrees Unified Customs Transit System With Third Countries

China, Eurasian Economic Union, Regulatory, Trade

The Supreme Eurasian Economic Council, which oversees legislation on behalf of the Eurasian Economic Union, (EAEU) has signed an agreement on a Unified Customs Transit System between the EAEU and third countries. The agreement is important as it reduces transport costs from the EAEU to its major trading partners.  The agreement defines the legal framework

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Interest Earned By Russian Frozen Financial Assets Now Given To Ukraine – Analysis & Global Implications

BRICS, Economy, Finance, Regulatory, Russian Market, Security

The United States and European Union have green-lit a decision to pass interest earned by Russian securities frozen in the US and EU to Ukraine, to use in order to repay a US$20 billion loan. We examine the implications and the potential global fallout over this unprecedented financial development.   The Total Amount Due The US

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Russian, Chinese Rating Agencies Replacing Western Agencies In Eurasia

BRICS, China, Finance, Regulatory

Russian and Chinese credit rating agencies are replacing Western ratings agencies as demand for financial intelligence increases throughout Asia. Companies such as Moodys, S&P, and Fitch all exited the Russian market in 2022, when sanctions were imposed. Their work in Asia, and China has also been historically erratic, with a lack of local connections and

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BRICS Law

BRICS Dispute Resolution To Replace Western Based Arbitration Courts

BRICS, China, India, Infrastructure, Logistics & Transport, Regulatory

The Russian-Chinese Legal Congress is taking place on December 4th, and amongst other matters, will discuss the  issue of resolving maritime disputes between BRICS countries. Anastasia Simonova, of Verba Legal, has stated that “Cooperation between Russia, China and India in the field of maritime transportation, international transit of goods, in relation to the Northern Sea

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