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Business

Russian, Vietnamese state funds to invest $500m in joint trade platform
The Russian Direct Investment Fund (RDIF) and the State Capital Investment Corporation (SCIC) of Vietnam will each dedicate $250 million in a Russian-Vietnamese investment platform to identify attractive investment projects in
International agreements
Russia considers Asian countries as its major partners in the current geopolitical situation. For instance, China plays a key role in Russian-Asian collaboration. Russia and China signed about 17 agreements during the Asia-Pacific
Taxes: significant changes
The list of significant changes in Russian tax system including a deoffshorisation law, tax manoeuvre law and  changes expected in the near future.
VAT rates
There are three main rates of VAT depending on the nature of the supply. The 0% rate applies, in particular, to the sale of goods exported outside the Russian Federation. The 0% rate also applies to a list of services which includes,
Tax incentives: social insurance concessions and others
In recent years, few tax incentives have been available in Russia, but that is now changing, partly due to the Russian government’s current modernisation agenda.
Russia turns towards Asia for new trade flows
At the beginning of 2014, Russia’s total trade with Asia reached US$144.4 billion, catching up to second place behind Russia’s trade with Europe and the UK which stood at US$318.2 billion.
Highlights of investment projects into Russia 2014-2015
Investment projects into Russia from September 2014 to March 2015
Foreign personnel: employment restrictions
The regulation of employing foreign employees is based on imposing certain rules with respect to each category of foreign citizen.
Current sectoral opportunities in Russia
Potential food trade as Singapore is unaffected by Russia’s import ban.
Russia: holding under pressure
Economic reforms in Russia had been an ongoing process. Russia had since been working to improve its business environment for several years. Russian Asian Business Union.