Russia and Oman have signed an agreement which eliminates double taxation in a sign of strengthening economic ties between the two countries, the Russian Finance Ministry announced on Thursday. The treaty is designed to protect investors in both countries and to regulate the imposition of levies. The measure should boost investments and trade between Russia…

Growth in domestic and foreign sales is expected to boost the sector’s post-Covid recovery Chinese carmakers sold 1.76 million vehicles in foreign countries in the first five months of 2023, marking growth of 81.5% compared to the same period last year, according to statistics from the China Association of Automobile Manufacturers (CAAM).

Western restrictions have forced entrepreneurs to reinvest in Russia, the outlet says Russia’s richest business figures continue to reap huge profits from their operations but, because of Western sanctions, they are reinvesting in their own country, Bloomberg reported on Friday.