Regional News

21.09.2021

Red Barricade revisited: communists big winners in Russian general elections, claim bigger victory

The votes are in and the results are out. Russians have cast their votes in parliamentary elections and, with almost all of the votes counted, there is little doubt that the governing party will be returned with a supermajority.

Half the seats in the State Duma are awarded by proportional representation,...

The votes are in and the results are out. Russians have cast their votes in parliamentary elections and, with almost all of the votes counted, there is little doubt that the governing party will be returned with a supermajority.

Half the seats in the State Duma are awarded by proportional representation,...

21.09.2021

Russian authorities hammering out tax reform on both production and profit for steel companies

A four-day marathon of meetings between Russian steel companies and government representatives on the taxation system for the mining industry has reached the home stretch. First Deputy Prime Minister Andrey Belousov and Finance Minister Anton Siluanov held a meeting on Saturday, where the discussion might have come to an end,...

A four-day marathon of meetings between Russian steel companies and government representatives on the taxation system for the mining industry has reached the home stretch. First Deputy Prime Minister Andrey Belousov and Finance Minister Anton Siluanov held a meeting on Saturday, where the discussion might have come to an end,...

21.09.2021

Russian currency, equity go through slump on post-election row

As of 0805 GMT, the rouble was 0.7% weaker against the dollar at 73.42, its weakest mark since Sept. 8.

It had lost 0.6% to trade at 85.95 versus the euro.

"With few drivers for growth, an ailing external background, and indices floating near all-time highs, prospects for the local market this...

As of 0805 GMT, the rouble was 0.7% weaker against the dollar at 73.42, its weakest mark since Sept. 8.

It had lost 0.6% to trade at 85.95 versus the euro.

"With few drivers for growth, an ailing external background, and indices floating near all-time highs, prospects for the local market this...

21.09.2021

China's Xinjiang posts foreign trade growth in January-Augustus

Northwest China's Xinjiang Uygur Autonomous Region recorded around 97.4 billion yuan (about 15.06 billion U.S. dollars) in foreign trade in the first eight months of this year, up 9.5 percent year on year, local customs said on Monday.

From January to August, Xinjiang's exports reached 76.51 billion yuan while its imports...

Northwest China's Xinjiang Uygur Autonomous Region recorded around 97.4 billion yuan (about 15.06 billion U.S. dollars) in foreign trade in the first eight months of this year, up 9.5 percent year on year, local customs said on Monday.

From January to August, Xinjiang's exports reached 76.51 billion yuan while its imports...

21.09.2021

Beijing to steadily expand cross-border use of yuan in 2021

China is planning to “steadily and prudently” promote internationalization of its currency, the yuan, the country’s central bank said, pledging to strengthen the monitoring of cross-border capital flows and prevent systemic risks.

According to the regulator, the Regional Comprehensive Economic Partnership (RCEP) agreement is expected to further boost trade ties between...

China is planning to “steadily and prudently” promote internationalization of its currency, the yuan, the country’s central bank said, pledging to strengthen the monitoring of cross-border capital flows and prevent systemic risks.

According to the regulator, the Regional Comprehensive Economic Partnership (RCEP) agreement is expected to further boost trade ties between...


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