RUSSIA

07 January 2019

Russia is Hong Kong’s largest trade partner in Central and Eastern Europe. Russia's growth prospects for 2018-2020 remain modest. A return to solid growth will need private investment, easing of western-imposed sanctions and a lift in consumer sentiment. A strategic focus on digital transformation has enabled Russia to build a national digital infrastructure. More

hktdc research

WTO Disputes over U.S. Actions on Imported Steel and Aluminium, Certain Mainland Chinese IPR Policies Move Forward

27 November 2018

The WTO Dispute Settlement Body agreed at its 21 November meeting to establish a panel to examine allegations by seven economies – mainland China, the EU, Canada, Mexico, Norway, Turkey and Russia – that the Section 232 tariffs the United States imposed earlier this year on imported steel and aluminium contravene U.S. multi-lateral obligations. More

market spotlight

Foreign Fare Wows Moscow Consumers at Food Expo

16 October 2018

This year's Taste of Moscow event saw the chill of Western trade embargoes briefly lift as globally sourced gourmet delights and local restaurateurs jostled for the attention of munch-minded Muscovites in a four-day culinary cavalcade. More

hktdc research

Additional Sanctions on Russia Target Mainland Chinese Military Entity

26 September 2018

President Trump issued an executive order on 20 September authorising the implementation of certain additional sanctions against Russia. This action includes the imposition of sanctions against a mainland Chinese entity that has been met with outrage in Beijing. More

market spotlight

“Russia's Amazon” Overhauls Third-party Sales Platform Proposition

04 September 2018

Ozon.ru, Russia's largest and longest-established online retailer, is set to implement dramatic changes to its marketplace model, the facility that allows third-party businesses to access its nationwide sales and distribution platform. More

inside china

WeChat Pay Welcomed in Russia as Mainland Tourist Spending Stays High

17 August 2018

Chinese mainland tourists can now use WeChat Pay to make purchases in Russia, the 17th country to formally accept transactions made via the hugely popular smartphone app. More

hktdc research

Eurasian Economic Union Comprising Russia, Other Eurasian Countries, Announces Steel Safeguard Investigation

14 August 2018

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

hktdc research

Russia Sanctions to be Expanded

10 August 2018

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

hktdc research

Russia: A Rapidly Developing Belt and Road Technological Partner

30 July 2018

To reduce its dependence on oil and gas and Western technology, Russia is striving to build an innovation-driven economy with a new management scheme and a vibrant start-up ecosystem. As Hong Kong moves from being a regional technology marketplace in Asia to a global innovation hub under the auspice of the Guangdong-Hong Kong-Macau Bay Area development, the potential of a Hong Kong-Russian technology partnership becomes ever stronger. More

hktdc research

Russia: A Prime Belt and Road Investment Destination

25 July 2018

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

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