Russian President Vladimir Putin has signed a new law promoting the local production of taxicabs used in the country. According to the legislation, Russian passenger cars would have to meet two conditions in order to be included in the taxi registry: either score a sufficient number of localization points or be produced under a special […]
In the city of Blagoveshchensk, Republic of Bashkortostan, Russia’s first production line for iron sulfate monohydrate, a key component for agriculture and agrochemicals, has begun operation. The project was implemented by Blagoveshchensk TOR resident, Russian Couper Company LLC, with financial support from the Industrial Development Fund (IDF). Iron sulphate monohydrate is in agricultural demand as […]
Russia intends to develop new approaches to registration of vessels of domestic companies under foreign flags, according to Vitaly Klyuev, director of the Department of State Policy of Maritime and River Transport at the Russian Ministry of Transport. He was speaking at the XIII St. Petersburg International Law conference. Klyuev pointed out that the UN […]
The Russian President, Vladimir Putin has called for the creation of a buffer zone with Ukraine and has enlisted numerous Russian Ministries and regions of Russia to assist construct in ‘in the shortest possible time’. Putin stated that the Russian Ministries of defence, interior, emergency situations, construction, health, transport, energy, communications, education and other authorities […]
As Russia has become estranged from Europe, and attitudes in both directions cool off, a pertinent social question to ask is what is a Russian national – and is that make-up changing? Because if so, this will have long term impacts on Russian consumer behaviour and societal trends – important issues for understanding what the […]
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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 […]
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 […]
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