Trade Policy IMEF

Russian trade policy geeks monitor latest events in international trade. You can find our own analytics here:

[Trade Policy IMEF @AnalyticsIMEF]

The Arctic territories of Russia alone account for > 7.3 Bn t of the undiscovered resources of #CRUDEOIL & the largest unexplored natural #gas #reserves.

#TradeinFigures

[Trade Policy IMEF @AnalyticsIMEF]

General Council of @wto circulated a communication from 🇷🇺Russia drawing attention to #trade #restrictions of certain Members imposed on #Russia (i.a. #tariffs above #MFN rates, #import #ban on Russian oil, export controls) violating the basic #WTO rules. https://t.co/T9fKVgrIl2

[Trade Policy IMEF @AnalyticsIMEF]

#China 🇨🇳 aims to enrich #legislation with countermeasures against #sanctions affecting its interests.

The work will also include ratifying #agreements with #Foreign countries & decisions on accession to international treaties. https://t.co/RjzjmQIvCn #TwoSessions

[Trade Policy IMEF @AnalyticsIMEF]

The #Russian_Federation will suspend #exports of wheat, meslin, rye, barley and corn to the #EAEU until August 31, 2022. #Russia has also imposed a ban on sugar exports to third countries for the same period.
https://t.co/5CZ3qNLNer

[Trade Policy IMEF @AnalyticsIMEF]

DG of @WTO (@NOIweala) welcomes a project aimed at helping 8 African #Countries operationalize the AfCFTA led by the @EIF4LDCs, the UNECA and the #ITFC. https://t.co/TciHN5KHGu

[Trade Policy IMEF @AnalyticsIMEF]

According to 🇷🇺 @bank_of_russia #macroeconomic survey data, #Russia’s #GDP will decline by 8% in 2022.

The consensus forecast for 2022 #inflation was raised to 20.0%.

Analysts expect the exchange rate on average over the year of 110 RUB per #USD.

https://t.co/PTU0H7nx6x

[Trade Policy IMEF @AnalyticsIMEF]

EADB raised its 2022 projection for aggregate #GDP growth of EDB member states to 4% with:
7.9% in #Tajikistan,
4.5% in #Armenia,
4.1% in #Russia,
3.8% in #Kazakhstan,
3.7% in #Kyrgyzstan,
2.1% in #Belarus. https://t.co/JnriYcAh8T #macroeconomic

[Trade Policy IMEF @AnalyticsIMEF]

🇪🇺 #EuropeanUnion leaders won't offer 🇺🇦 #Ukraine immediate bloc #membership.

https://t.co/oH9dBpl5KZ

@dwnews @ZelenskyyUa @JJansaSDS @EmmanuelMacron

#Versailles
#Europe
#EUmember
#MemberStates
#sanctions
#energydependence #energyprices

[Trade Policy IMEF @AnalyticsIMEF]

🇷🇺 @KremlinRussia_E:
- is not going to close the #market,
- demanded protection for the rights of foreign #investors who are not going to leave,
- supported external administration for the companies that decided to close their operations in #Russia.
https://t.co/DXjbQ9CZxY

[Trade Policy IMEF @AnalyticsIMEF]

🇪🇺 @EU_Commission extended the anti-dumping and countervailing duties currently imposed on #imports of glass fibre fabrics (‘GFF’) originating in #China 🇨🇳 to imports of GFF consigned from 🇲🇦Morocco. https://t.co/o56ElRSz2x #Subsidy @Trade_EU

[Trade Policy IMEF @AnalyticsIMEF]

Starting from March 1, 🇷🇺Russia implements two new technical standards (GOST) - on Artificial Inteligence (AI) and #BigData to spur development of these technologies in #Russia. #DigitalEconomy
https://t.co/r7B1Kpm1fl

[Trade Policy IMEF @AnalyticsIMEF]

The @WTO members agreed to initiate negotiations on the accession of #Turkmenistan 🇹🇲 to WTO.

https://t.co/aqQUplRZdu

@CastilloDacio @NOIweala
#application

[Trade Policy IMEF @AnalyticsIMEF]

What are the options for the 🇷🇺 #Russian economy amidst 🇺🇸 #USA & 🇪🇺 #EUsanctions?

@DezanShira has analysed some of the possible developments.

https://t.co/oGprR4JHXC

#bilateraltrade #trade #supplychains #FTA #SWIFT

[Trade Policy IMEF @AnalyticsIMEF]

🇦🇲Armenia has been removed from the EU GSP / GSP+ schemes from 1 January 2022 as it has been classified by the World Bank as upper-middle income country in 2018, 2019 & 2021. https://t.co/LSCQLjE6tH

[Trade Policy IMEF @AnalyticsIMEF]

The @WTO members agreed that the postponed #MC12 will take place during the week of 13 June in 🇨🇭Geneva. The decision was taken following the easing of #COVID19 #pandemic restrictions in the host country Switzerland. https://t.co/QwhEaUCII7 @CastilloDacio

[Trade Policy IMEF @AnalyticsIMEF]

🇰🇷 #SouthKorea plans to suspend financial transactions with 7 major 🇷🇺 #Russianbanks under the 🇺🇸#US & multinational sanctions. The government will also "strongly" recommend financial institutions halt their investment in #Russian government bonds. https://t.co/TtIEUY4Rs5 #SWIFT

[Trade Policy IMEF @AnalyticsIMEF]

🇪🇺EU challenges 🇨🇳 #China at @WTO for restricting #EU companies from going to a foreign court to rightfully protect & use their #HighTech patents which are being used illegally / without appropriate compensation.

https://t.co/0c6EiAG6TO
@VDombrovskis @Trade_EU

[Trade Policy IMEF @AnalyticsIMEF]

#HongKong 🇭🇰 has applied to join #RCEP. #Trade volume between Hong Kong and the RCEP members reached $962 billion in 2021, accounting for 70% of Hong Kong's total trade volume. https://t.co/CJsiI20VcL #FreeTrade #tariff #supplychains

[Trade Policy IMEF @AnalyticsIMEF]

Russia holds a monopoly on guided icebreaker escorts through the NSR, which allows it to set the boundaries & fees for each such transit.

🇨🇳 #China is determined to develop its own icebreaker fleet, working with Russia could benefit it in terms of technology.

#TradeinFigures

[Trade Policy IMEF @AnalyticsIMEF]

The 28th (or 29th in Leap Years) of February is the Arctic Day which is celebrated in #Russia.

🇷🇺Strategy of development of the Arctic Zone of the #RussianFederation & the provision of national security for the period up to 2035 was signed in 2020.

#TradeinFigures

[Trade Policy IMEF @AnalyticsIMEF]

Russia is chairing Arctic Council in 2021-2023.

The Arctic 5 is the grouping of the Arctic littoral states (Russia, 🇨🇦#Canada, 🇺🇸#USA, 🇩🇰#Denmark & 🇳🇴#Norway) having priority interest in the region.

China's main Arctic interests include #ClimateChange & the Arctic Sea Route.