Tax discounts and opportunities to boost exports have reportedly been behind the move to open new branches Russian businesses have opened nearly 12,000 branches in Serbia, the United Arab Emirates, Armenia, and Kyrgyzstan since 2022, the news outlet Izvestia reported on Monday, citing industry data.

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Berlin and London are not planning to restore trade ties with Moscow even after the Ukraine conflict ends and President Vladimir Putin leaves office, Bloomberg reported on Wednesday citing German and British officials.