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EU serves Moscow its terms for Russia's 'tax havens'

Russian Finance Minister Anton Siluanov has revived the issue of special administrative zones, also known as Russian offshores.
Russian Finance Minister Anton Siluanov has revived the issue of special administrative zones, also known as Russian offshores. © Pierre Lévy/Twitter
The European Union is not happy with the boost Moscow's 2018 tax changes have given to the free zones of Kaliningrad and Vladivostok, and intends to stop Russian powerhouses from moving there without compensation. This leaves Russia's finance minister performing a fine balancing act. [...]
Published on 03.12.2021 at 06:00 GMT Reading time 3 minutes

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Kazakhstan, Russia
Novachuk and Kim, the Kazakh duo set to become masters of the Russian Arctic mines

The recent development project of the mining company KAZ Minerals, led by Kazakh businessmen Oleg Novachuk and Vladimir Kim, has attracted the attention of the Russian government. This openness towards Kazakhstan fits perfectly with the target of developing the Northern Sea Route, as well as giving Rosatom the opportunity to win new contracts with Nur-Sultan.

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Vladimir Kim (left) and Oleg Novachuk in Hong Kong, June 2011.
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