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 […]
The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population
Eurasian Economic Union Reaches Agreement on Unified E-Commerce Read More »
Russia’s SIBUR, a major integrated petrochemicals company, is finalizing tests of experimental tires made with synthetic rubber instead of natural rubber in collaboration with its partners and plans to present the results in 2025. Daria Borisova, SIBUR’s Managing Director for Development and Innovation, said that preliminary results from bench, test site and durability tests confirm
Asia’s Rubber Exports To Russia To Decline As SIBUR Looks To Introduce Synthetics Read More »
Russia has announced an expansion of the list of countries whose nationals are eligible for its single-entry electronic visa (e-visa), including three African countries: Kenya, Eswatini, and Zimbabwe. The move is expected to improve travel between Russia and countries concerned, boosting tourism, business, and cultural exchanges. Russian Prime Minister Mikhail Mishustin signed an order on
Russia Relaxes Visa Requirements For Another Eleven Countries: The Demographics Read More »
Russian e-commerce giant Ozon is looking at recruiting thousands of skilled workers from India, according to reports from Russian media. The move highlights Russia’s increasing focus on sourcing labour resources from friendly nations as it grapples with a shortage of workers. Ozon’s legal entity, Internet Solutions LLC, is actively working with Indian recruitment agencies to
Russia’s Ozon To Import Indian Workers To Offset Russian Labour Shortages Read More »
A Chinese automaker is considering Novosibirsk and Irkutsk regions as possible locations for a plant, the chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE), Vitaly Mankevich has stated. He was speaking at the GlobalSibExpo-China 2024 Automobile Transport, Logistics and Engineering Forum in Novosibirsk. Mankevich said that “The construction of a Chinese automobile company’s
Russia has begun to purchase butter from the United Arab Emirates (UAE), the first time it has imported the product from the country. Before, the European Union was a major source of the product, with 28% of all EU butter exports going to Russia. Russia began importing UAE butter on October 18, and in the
Russia Buys Arabic Butter As Consumer Trends See Domestic Consumption Skyrocket Read More »
The assets of the British-based auto group Jaguar Land Rover (JLR)’s Russian subsidiary, Jaguar Land Rover LLC, have been acquired by a company belonging to its senior Russian managers, according to information in the Russian Unified State Register of Legal Entities. The deal was closed on October 31. VSKD Motors LLC, registered in Moscow at
Jaguar Land Rover LLC Becomes A Moscow-Owned Company Read More »
Haval autos, (part of China’s Great Wall Motors) plans to expand the production facilities of its Tula based factory, with upgrades now ongoing. Starting in 2025, after the modernisation is completed, Haval will produce up to 200,000 cars per year from the Tula site, according to Andrey Akifyev, Executive Director of Haval Motor Rus. That
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