The European Commission has reported on 3 June 2022 that it welcomes the adoption of the sixth package of restrictive measures (sanctions) against Russia. The package was published in the EU Official Journal on the same day. The package also imposes further sanctions against Belarus considering its involvement in the aggression. As with previous sanctions packages, they have reportedly been coordinated with international partners. More
Although neither Russia nor Ukraine number among Taiwan’s leading trading partners, the European conflict has already dealt a blow to the territory’s economy. The conflict is likely to contribute to a rise in inflation, which is now expected to exceed 2% this year. More
Under an agreement on the mutual recognition of authorised economic operators (AEOs) concluded between the customs authorities of China and Russia on 4 February, goods directly imported and exported by AEO enterprises from either of the two countries are eligible for priority customs clearance and inspection, lower document verification rate and other facilitation measures in the other country. More
The Covid-19 pandemic has driven rapid growth in e-commerce in Central Asia. Kazakhstan, the most advanced and e-ready market in the region, has plenty of room for expansion as competition remains limited. More
Along with shoppers in many countries, consumers in Kazakhstan – the largest economy in Central Asia – abruptly shifted online during the COVID-19 pandemic as social-distancing restrictions limited options for physical shopping. More
The global pandemic shrank the economy of the biggest country in both Europe and Asia, Russia, by 3% last year. This interview sets out how Russian businesses are weathering the storm and preparing themselves for a post-Covid-19 recovery in partnership with their Hong Kong counterparts. More
From Krakow to Vladivostok and St Petersburg to Sofia, the gigantic Eastern European region is known for its many start-up centres, which draw on a well-educated population, low costs and a host of other advantages. More
Bestowing high praise on historians and biographers, British author Oscar Wilde said: “Anybody can make history. Only a great man can write it.” And renowned American science fiction writer Robert Heinlein once said: “A generation which ignores history has no past – and no future”. More
The biggest country in both Europe and Asia, Russia is recovering following a sharp recession induced by the Covid-19 pandemic last year, giving Hong Kong-based exporters attractive opportunities. More
With well-educated populations, sophisticated infrastructure but relatively low costs, eastern European countries, including Russia, are fertile grounds for start-ups and naturally are turning their attention to Hong Kong. More
