Russia’s Ministry of Natural Resources plans to propose introducing a 1.5 multiplier for calculating profit tax for geological exploration in onshore Arctic and Far East territories, according to Alexander Kozlov, the natural resources minister. He was speaking at a State Duma session dedicated to the socioeconomic and infrastructure development of the Arctic. The use of […]
Russia’s Rosneft has acquired Vostok Engineering LLC, which holds the license for the Tomtor rare and rare-earth metals (REM) deposits in Yakutia. Tomtor is one of the world’s three biggest REM deposits and is one of the richest in the world in terms of REM content in ore, as well as the world’s largest niobium […]
Russia’s RZD Logistics, in cooperation with Russian Railways (RZD) and partner company Transit, has dispatched the first 100-car container train from the inland Yuzhny Port, an industrial trade zone serviced by the Lyublino-Sortirovochnoye station near Moscow. The train is en route to Khabarovsk-2 station in the Russian Far East and has a scheduled transit time […]
Russia opened a new terminal at Mineralnye Vody International Airport. All domestic flights are now serviced in the new terminal. Mineralnye Vody is located in the Stavropol Territory in the North Caucasus on the Kuma River and the main railway line between Rostov-on-Don and Baku, the capital of Azerbaijan. It is the largest aviation hub […]
Russian Foreign Minister Sergey Lavrov has noted that the rapid growth of exchanges between Russian regions and Chinese provinces helps identify a variety of new investment projects, according to his statements to participants of the Russian-Chinese forum in Khabarovsk. Lavrov said that “the Sino-Russian relations of comprehensive partnership and strategic interaction are a model of […]
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Sberbank has proposed allowing foreigners to invest in Russian Initial Public Offerings (IPO) with money held in their C-type accounts, with purchased shares and dividends subsequently credited to these same accounts. A C-type account is a foreign owned bank account in Russia, which holds frozen income on securities owned by “unfriendly” foreign investors. This money […]
The Central Bank of Russia has set the minimum annual income threshold for obtaining the status of a Qualified Investor at ₽12 million (@US$150,000) according to Mikhail Mamuta, Head of the Russian regulatory body for the Protection for Consumer Rights and Ensuring the Availability of Financial Services. He was speaking on the sidelines of the […]
The Russian Foreign Minister, Sergey Lavrov, has given an interesting speech and held a Q&A session with the Diplomatic Club in Moscow, which includes attendees from the Russian Foreign Ministry academy, Russian Regional Governors, and Foreign Ambassadors. The event was the first to be held since the covid pandemic. In a wide ranging presentation, Lavrov […]
Russian diamond-mining giant Alrosa has stated that it has mined the largest diamond in Russian history. The 468-carat, amber-colored diamond has been named “80 Years of Victory in the Great Patriotic War,” referring to the Soviet victory in World War II. Alrosa CEO Pavel Marinychev said: ‘To date, this is the largest gem-quality diamond mined […]
This past May 16, 2025 in the town of Suifenhe, Heilongjiang Province, China, the Russian Export Center (REC) jointly with Chinese partners opened the first warehouse distribution center under the “Made in Russia” brand. The total area of the warehouse distribution center in Suifenhe is 4,600 sq. m. The warehouse already stores more than 900 […]
During a meeting with members of the all-Russian public organization “Business Russia” on Tuesday May 13th President Vladimir Putin said that the main condition for the return of Western companies should be to benefit Russia. President Putin said that representatives of Western businesses were reaching out to him with requests to give them an opportunity […]
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