Author: Steven Sahiounie

The country’s special administrative regions offer firms protection from the sanctions war between Moscow and the West A growing number of foreign companies and Russian firms registered overseas are moving their operations to special administrative regions (SARs) in Russia, Izvestia news outlet reported on Tuesday, citing data provided by the Ministry of Economic Development. According to the report, a total of 87 companies moved to SARs on the Russky and Oktyabrsky islands in the first half of 2023 – up from 34 companies in the same period last year and more than during the whole of 2022. Some 62 international…

The company plans to invest more than $100 million in a new industrial park in Amur Region China’s Xuanyuan Group Industrial Development plans to create an industrial park in Russia’s Far Eastern Amur Region, the company announced on Sunday, according to TASS. It signed a declaration of intent with the Amur Region Investment Attraction Agency on the first day of the Eastern Economic Forum in Vladivostok. According to the deal, the Chinese company will invest up to 10 billion rubles ($102 million) in the industrial park, which will create over 400 jobs in the region. The park will produce smart…

Rapidly growing Russian manufacturers are now eyeing foreign expansion, Maksim Oreshkin told the Eastern Economic Forum in Vladivostok New domestic brands are rapidly growing in Russia and expanding into foreign markets, President Vladimir Putin’s economic adviser, Maksim Oreshkin, said on Sunday. Oreshkin was speaking during the Eastern Economic Forum, which kicked off on Sunday in the city of Vladivostok in Russia’s Far East. “The [domestic] brands are growing by tens of percent, some by hundreds of percent. Russian brands are taking over the domestic market and entering international markets, and the process is gaining momentum,” Oreshkin said. The exodus of Western…

Chinese carmakers now make up around 40% of the Russian market, up from last year’s 5%, a prominent businessman told RT Chinese companies have greatly benefited from the pullout of Western companies from the Russian market, Zhou Liqun, chairman of the Chinese Entrepreneurs’ Union of Russia, told RT on Sunday. Speaking on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok, Zhou said Chinese businesses have been actively filling the niches left by the exit of Western companies and are eager to expand their presence in Russia further. “The withdrawal of Western companies from Russia has created vast opportunities…

Five Palestinian youths were shot and injured by live fire today during confrontations with Israeli forces stationed at the entrance of al-Aroub refugee camp to the north of Hebron, said sources at the Palestine Red Crescent Society (PRCS). PRCS staff administered first aid to two youths who were shot in their lower extremities, whereas the remaining three, who were also shot in their lower extremities, were transferred to a medical center for treatment. Confrontations reportedly broke out following the funeral procession of slain Palestinian Milad Munther Al-Ra’i, 16, who was shot dead by Israeli occupation forces on Saturday in the Al-Arroub refugee camp. Source:…

Saudi Crown Prince Mohammed bin Salman met on Sunday with several heads of state on the sidelines of the G20 summit in India. During the brief meetings, the leaders discussed bilateral relations with Saudi Arabia, as well as regional and global issues. The crown prince is leading the Kingdom’s delegation participating in the G20 leaders’ summit, and will also have an official visit upon the invitation of Indian Prime Minister Narendra Modi. This included Sheikh Hasina, the prime minister of Bangladesh. The prince also met the president of Argentina, Alberto Fernandez. Followed by president of Brazil, Luiz Inacio Lula da Silva. As…

Saudi Crown Prince Mohammed bin Salman met on Sunday Turkish President Recep Tayyip Erdogan in India for talks. The closed-door meeting came on the sidelines of the final day of the G20 summit in the capital New Delhi. Bilateral relations between Saudi Arabia and Türkiye were discussed during the meeting, as well as regional and global issues. Erdogan visited Saudi Arabia in July as part of a three-day Gulf tour to strengthen regional ties. Source: Arab News

India’s Ambassador to Saudi Arabia Sohail Ejaz Khan has emphasized the significance of the visit of Crown Prince Mohammed bin Salman to India and his participation in the G20 leaders’ summit, the Saudi Press Agency reported on Saturday. Khan said that the visit holds utmost importance both for the G20 summit, which was held in New Delhi on Saturday, and for bilateral relations. He highlighted the various meetings in which the Kingdom participated throughout India’s presidency of the summit. The meetings covered a wide range of topics, including energy, finance and G20-related activities. India’s commitment to global cooperation was evident…

According to Russian Foreign Minister, “it is clear about what the US wants in relation to Russia.” Russian Foreign Minister Sergey Lavrov said that he had no contact with representatives of the US delegation on the sidelines of the Group of Twenty (G20) summit. “As for bilateral contacts [with US representatives], no, I have not communicated [with them],” the minister said at a press conference following the G20 summit. According to him, “it is clear about what the US wants in relation to Russia.” “They simply want to eliminate a competitor, to inflict a strategic defeat on us,” Lavrov explained…

Israeli occupation forces today stormed the village of Burqa to the east of Ramallah and seized a sewage suction truck, under the pretext of working in areas classified as Area C, under full Israeli control. Security sources informed WAFA that forces stormed the said village and seized a wastewater vacuum truck owned by a local resident. Source: WAFA