RUSSIA

A massive country, with 11 times zones spanning almost half the world, and a population of more than 140 million, Russia is one of Hong Kong’s fastest-growing export destinations. The Eurasian giant also has massive e-commerce potential. In 2019, only 9% of retail sales in Russia are e-commerce transactions – against 27% in Mainland China – despite Russia having a purchasing price parity per capita gross domestic product of US$11,600 against the mainland’s $10,260. More

The DOC has issued a new interim final rule aimed at securing the U.S. information and communications technology and services supply chain. Slated to enter into force on 22 March, the rule creates the processes and procedures that the U.S. Secretary of Commerce will use to identify, assess and address certain transactions between U.S. and foreign persons that (i) involve ICTS designed, developed, manufactured or supplied by persons owned by, controlled by More