Latest updates, insights, and analysis.
Indian Prime Minister Modi has agreed with Russian President Vladimir Putin that India may establish a further two new consulates in Russia. Currently, India possesses an Embassy in Moscow, and Consulates in St.Petersburg and Vladivostok. These will be joined by new diplomatic consulates to be opened in Kazan and Yekaterinburg. Kazan is a cultural and […]
Cyprus loses a major Russian client to Kazakhstan’s fiscal gain as Western exits increase The Russian chain of low cost retailers, Fix Price has redomiciled its corporate PLC entity from Cyprus to the Astana International Financial Centre in Kazakhstan. Fix Price operate over 6,500 retail stores worldwide, with 2023 revenues of ₽291.9 billion (US$3.3 billion) […]
The Russian Ministry of the Economy has been assessing the effectiveness of the 44 Special Economic Zones (SEZ) in the country, including their fiscal effectiveness. SEZs are attractive investments for foreign investors as they typically offer reduced corporate income tax rates – typically zero for the first three-five years and at a 50% discount for […]
The UK held a General election this week with a new socialist Labour party government gaining power for the first time in 14 years. They were also voted into government with a significant majority meaning they will be able to follow their own policies when it comes to governing the UK. But where does this […]
Russia’s Foreign Minister Sergei Lavrov has held trilateral meetings with Chinese Foreign Minister Wang Yi and Mongolian Foreign Minister Batmunkh Battsetseg on the sidelines of the Shanghai Cooperation Organization Council of Heads of State meetings in Astana. The Russian Foreign Ministry said that “During a substantive conversation, they exchanged views on enhancing trilateral cooperation in […]
Islamabad proposes trade barter system to overcome financial difficulties Russian President Vladimir Putin has met with Pakistani Prime Minister Shehbaz Sharif on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Kazakhstan’s Astana. Trade between Russia and Pakistan is growing, and Russia is willing to increase supplies of energy and agricultural produce to Islamabad, […]
Russia – Kazakhstan bilateral trade is growing steadily, and has already reached almost US$30 billion, Russian President Vladimir Putin said during meetings with Kazakh President Kassym-Jomart Tokayev at the Shanghai Cooperation Organisation Heads of State summit held in Astana. Russia remains one of the main trade and economic partners for Kazakhstan, Putin said, adding “We […]
Russian President Vladimir Putin met with Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization summit in Astana yesterday (July 3), and have instructed the two countries’ responsible companies to agree on the terms of gas supply via the Power of Siberia 2 pipeline “as soon as possible,” according to Russian Deputy […]
The Pro-Russia BRICS bloc has soft power control over the Caspian and Red Sea supply chains Azerbaijan, which has been attending the annual Heads of State meetings of the Shanghai Cooperation Organisation (SCO) in Astana has expressed interest in joining the BRICS grouping. The BRICS includes Brazil, Russia, India, China and South Africa, while Egypt, […]
The Russian President Vladimir Putin has met with Turkish President Recep Erdogan in Astana on the sidelines of the Shanghai Cooperation Organisation annual Heads of State meetings, with both sides also engaging in trade development talks. Current bilateral trade is running at about US$55 billion, with Alexei Yerkov, the Russian Ambassador to Turkiye, also present […]
Putin, Xi, Modi and other regional leaders are all attending The annual Heads of State meetings of the member countries of the Shanghai Cooperation Organisation (SCO) has begun in Astana, Kazakhstan. The SCO has different categories of membership, with full members being China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia Tajikistan and Uzbekistan. Three countries — […]
The World Bank has recognised Russia as a high-income nation in its official global rankings, after stating that the average Russian gross national income per capita in Russia is US$14,250, which at current exchange rates, in local Ruble terms is ₽1,260,940. The World Bank Group assigns the world’s economies to four income groups: low, […]
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