EASTERN EUROPE

Hong Kong’s trading community will likely be aware that the EAEU is a political and economic union of states located in central and northern Eurasia. Members of the EAEU comprise Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia. The EAEU has an integrated single market of 183 million people and subscribes to the concept of the free movement of goods, capital, services and people. More

The U.S. State Department has announced the impending adoption of additional sanctions on Russia under the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 following a determination that the Russian government has used chemical or biological weapons against international law or against their own nationals. The U.S. will consider a second tranche of sanctions if Russia does not meet a series of criteria within 90 days. More

The Russian economy has been undergoing a wave of diversification over the past decade to reduce its dependency on oil and gas. The government has tried to ease the investment climate via infrastructure projects and generous investment incentives. Most of these projects are complementary to those under the scope of the Belt and Road Initiative (BRI), therefore offering a whole new world of opportunity to Hong Kong investors and professional service providers. More