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Wellness Boom in China: How Chinese Youth Are Investing in Their Health

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

BEIJING, July 23 (Xinhua) — Young girls have become the main consumers of health products on Chinese e-commerce platforms. In traditional Chinese medicine (TCM) hospitals, "national health products" such as candied sweet rice (also known as babaofan) are widely popular among young people, and various immune-boosting drugs are gradually becoming the "fourth meal" for young people…

Such phenomena are not uncommon in China. More and more young Chinese are paying attention to a healthy lifestyle and forming a new health trend.

In contrast to traditional concepts of maintaining the health of the older generation, young people do not simply “drink more hot water” or “use immunomodulators,” but strive to implement a healthy lifestyle into all aspects of their lives.

Zhang Yongjian, head of the Research Center for the Development and Supervision of Food and Pharmaceutical Industry at the Chinese Academy of Social Sciences, noted that the rise in education, more convenient access to scientific information in the field of health, as well as the trend towards “rejuvenation” of chronic diseases are forcing more and more young people to monitor their health more closely.

According to the China Institute of Industry Research, the 15-25 year old group of young people is gradually becoming the main consumers in the health care market, and the related methods in this field are also becoming more and more diverse.

Recently, the hashtag “TCM salon beats milk tea outlet in popularity” has been trending on Chinese social media Weibo. In response to the preferences of young people, some TCM pharmacies make special milk tea and sour plum soup, and some also serve them along with medicinal dishes.

The First People's Hospital in Chengdu, Sichuan Province, southwest China, sells special TCM medicinal dishes according to the health maintenance methods of different seasons. "One of the milk teas with turmeric and cinnamon is very popular with young people," said Liu Yan, deputy head of the hospital's clinical dietetics department.

As young people increasingly pay attention to healthy lifestyles, the health care product industry is booming. According to a report by marketing agency iiMedia Research, the health care product market has been growing steadily over the past five years and is expected to reach 423.7 billion yuan (about $59.1 billion) in 2027.

"When consumers buy milk tea, they prefer low-sugar, low-fat products that have ingredients listed on the label," said a worker at a confectionery shop in Changchun, northeast China's Jilin Province, noting that big brands are starting to pay attention to adding healthy ingredients and their products are popular with young people who eat healthily.

In addition, scientific and technological means also help Chinese youth improve their health. For example, with the popularization of intelligent health testing equipment such as smart bracelets, personal health management is simplified and more efficient.

“You’ve been sitting for over 90 minutes!” – the smartwatch of 32-year-old programmer Zhang Yang vibrates, reminding him to get up and move around. After Zhang Yang took a break from work and performed a set of traditional Chinese breathing exercises called “Baduanjin”, the mobile health management app updated his activity in real time.

According to the data, in the first quarter of 2024, shipments of wearable devices in the Chinese market grew by 36.2 percent year on year to 33.67 million units. Some smartwatches have increasingly advanced health monitoring features, including heart rate and blood saturation monitoring.

“Maintaining health is no longer just advice from elders, but a quantitatively measurable aesthetic of daily life,” said Liu Junkang, CEO of Jinaitang Health Management Company.

According to him, there are three key trends in healthy living among young consumers: using data to customize their daily routine, rethinking traditional treatments in a modern way, and prioritizing enjoyable and practical experiences in maintaining good health, which are changing the structure of the industry in the country.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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China-Central Asia Poverty Alleviation Cooperation Center and China-Central Asia Education Exchange and Cooperation Center Open in Urumqi

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

BEIJING, July 23 (Xinhua) — The China-Central Asia Poverty Alleviation Cooperation Center and the China-Central Asia Education Exchange and Cooperation Center were opened Monday in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region.

The decision to establish these two centers was announced on June 17 this year at the 2nd China-Central Asia Summit in Astana.

The China-Central Asia Poverty Alleviation Cooperation Center is located in the Department of Agriculture and Rural Affairs of the Xinjiang Uygur Autonomous Region, and the China-Central Asia Education Exchange and Cooperation Center is located in the Department of Education of the Xinjiang Uygur Autonomous Region.

The opening ceremony of these institutions was attended by Secretary of the CPC Xinjiang Uygur Autonomous Region Committee Chen Xiaojiang, Secretary General of the China-Central Asia Format Sun Weidong and others, the Xinjiang Daily newspaper reported.

The opening of the above-mentioned centers marks a new stage of exchanges and cooperation between China and Central Asian countries in the field of poverty alleviation and education. In addition, it will expand a new space for practical exchanges and mutually beneficial cooperation between Xinjiang and the regions of Central Asian countries, the newspaper writes.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Beijing in Summer: Lotuses Blossom in City Parks

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

BEIJING, July 22 (Xinhua) — Lotus flowers have started blooming in Beijing's parks in the height of summer, adding beauty to the summer capital.

BEIJING, July 22 (Xinhua) — Lotus flowers have started blooming in Beijing's parks in the height of summer, adding beauty to the summer capital.

BEIJING, July 22 (Xinhua) — Lotus flowers have started blooming in Beijing's parks in the height of summer, adding beauty to the summer capital.

BEIJING, July 22 (Xinhua) — Lotus flowers have started blooming in Beijing's parks in the height of summer, adding beauty to the summer capital.

BEIJING, July 22 (Xinhua) — Lotus flowers have started blooming in Beijing's parks in the height of summer, adding beauty to the summer capital.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

The Prime Minister familiarized himself with the work of the center and plans for the development of the region’s healthcare system.

The Zabaikalsky Krai Perinatal Center is a key institution of the obstetrics and gynecology service of the region with a capacity of 153 beds, providing high-tech medical care. More than 70% of the center's patients are residents of the region's districts.

Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

July 22, 2025

Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

July 22, 2025

Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

July 22, 2025

Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

July 22, 2025

Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

July 22, 2025

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Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

Since its opening in 2011, more than 43 thousand births have been performed, including 1060 multiple births, 43,696 children have been born, 530 of whom were extremely low birth weight. A third of all births (33%) in Zabaikalsky Krai are performed in this center, the proportion of premature births is 54%.

The consultative and diagnostic center as a structural subdivision provides consultative assistance to pregnant women from the high-risk group. The capacity of this subdivision is 100 visits per shift.

The ZKPC has a medical and social assistance center that provides comprehensive support and guidance to pregnant women who find themselves in difficult life circumstances, psychological and social and legal assistance. More than 2,400 women seek help here annually, and about 16% of those who received counseling kept their pregnancy.

The antenatal fetal health department annually presents more than 500 pregnant women for prenatal consultation. Prenatal diagnostic coverage in the region is 93%.

The department of assisted reproductive technologies conducts more than 600 IVF programs annually, the effectiveness rate is 38. IVF is available under compulsory medical insurance, there is no waiting list.

Coordination of work on routing pregnant women, women in labor and women in labor in the Zabaikalsky Krai is a special task. The center has created and successfully operates an obstetric remote consultation center, which operates online, 24/7. Thus, more than 3,500 consultations are conducted annually.

The staffing level of the center is 78.2% (obstetricians-gynecologists – 80%, neonatologists – 94.4%, anesthesiologists-resuscitators – 85.6%, mid-level medical personnel – 81.1%). 90 young specialists are employed (including 29 doctors, 61 employees – mid-level medical personnel). The total number of employees is 248 people.

ZKPC is the holder of the WHO and UNICEF title of "Baby-Friendly Clinic" (2022). Over the years of the center's operation, the number of children who are breastfed has increased to a record 98%. The center has a maternity school and courses for preparing for partner childbirth. In 2024, ZKPC was recognized as a "Friendly Organization in the Social Sphere"; it is the only institution in the region that is among the top ten perinatal centers in Russia that have the "Quality and Safety of Medical Activities" certificate from Roszdravnadzor (2023) – a document confirming compliance with the requirements of the voluntary certification system of medical organizations.

In the Zabaikalsky Krai, as part of the implementation of the federal program “Modernization of Primary Health Care,” construction continues on children’s outpatient department No. 1 with a capacity of 200 visits per shift.

As part of the implementation of the federal program "Development of Healthcare Infrastructure", construction of the regional children's clinical hospital in Chita continues. The hospital's outpatient center is designed for 250 visits per shift, the inpatient department – for 450 beds, the intensive care unit – for 22 beds, the day hospital – for 40 places.

Major repairs are being carried out at 20 facilities, of which 19 (9 polyclinics, 4 district hospitals, 2 medical outpatient clinics and 4 feldsher-midwife stations) are being reconstructed under the program "Modernization of primary health care". Major repairs have also begun at the regional clinical hospital in Chita.

Thanks to the “Modernization of Primary Health Care” program, in 2025, the Zabaikalsky Krai will purchase 13 prefabricated modular structures, including 7 FAPs and 6 medical outpatient clinics.

And within the framework of the implementation of federal projects such as “Protection of Motherhood and Childhood”, “Modernization of Primary Health Care”, “Fight Against Diabetes”, “Medical Rehabilitation Optimal for Recovery”, “Health for Everyone”, it is planned to purchase 527 units of equipment.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Meeting on the development of grain exports

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Before the meeting, the Prime Minister familiarized himself with the work of the Transbaikal Grain Terminal.

Zabaikalsky Grain Terminal LLC was established in 2015 and is part of the New Land Grain Corridor group of companies.

Mikhail Mishustin held a meeting on the development of grain exports

July 22, 2025

Mikhail Mishustin held a meeting on the development of grain exports. With Minister of Agriculture Oksana Lut

July 22, 2025

Minister of Agriculture Oksana Lut at a meeting on the development of grain exports

July 22, 2025

Previous news Next news

Mikhail Mishustin held a meeting on the development of grain exports

In 2022, within the framework of the Government Resolution of May 13, 2020 No. 668, the company was provided with a subsidy from the federal budget to reimburse the costs of infrastructure facilities "Accession railway of broad gauge to the OKS "First grain railway terminal".

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Mikhail Mishustin visited the Zabaikalsky Krai Perinatal Center

The ceremony to launch the terminal into operation took place in September 2022 with the participation of the President as part of an event to launch new enterprises at the Eastern Economic Forum.

The terminal is a specialized grain railway complex located on the border of Zabaikalsk (Russia) – Manchuria (China).

The throughput capacity is up to 8 million tons of grain per year. The volume of one-time grain storage is up to 80 thousand tons.

The planned number of jobs is 551, currently 524 are occupied.

The transcript will be published…

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Admissions campaign 2025 in SPO: the number of applications has already increased by 800 thousand

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Dmitry Chernyshenko and Minister of Education Sergey Kravtsov spoke about the progress of the admissions campaign in secondary vocational education institutions (SVE).

The acceptance of documents to technical schools and colleges will last until August 15, but already now there is a significant increase in interest among applicants: by July 21, more than 1.7 million applications were submitted, which is 800 thousand more than last year for the same period.

"Training for blue-collar jobs is attracting more and more applicants, and college and technical school graduates are in demand by employers. The number of applications submitted has already increased by 800,000 compared to the same period last year. This is an important result that brings us closer to achieving the goal set by President Vladimir Putin – to train 1 million specialists and skilled workers by 2028," said Dmitry Chernyshenko.

For the third year, college admissions have been 1.2 million people, while six years ago they were 990 thousand people. Thus, today the contingent of secondary vocational education is 3.85 million students.

On the instructions of the Government, since 2025, applications to federal colleges have been submitted via the super service “Online University Admission”. In total, 722 federal higher education institutions implementing SPO programs, including branches, are connected to the super service.

To date, more than 263 thousand applications have been submitted through the super service.

"Already in the first 10 days of the admissions campaign, we have seen a twofold increase in the number of applications compared to last year. Such a growth in interest in SPO clearly confirms the demand for blue-collar jobs among young people and the successful implementation of the tasks set by the President of Russia. Each new SPO student is a future professional who will strengthen the key sectors of our country. The system of secondary vocational education today provides not just education, but sought-after skills, stability and opportunities for professional growth in strategically important sectors," noted Sergey Kravtsov.

The largest number of applications submitted for budget places are observed in Moscow and St. Petersburg, Krasnodar and Perm Krais, Tyumen, Moscow and Novosibirsk Oblasts, and the Republic of Bashkortostan.

The most popular programs among applicants are “Information Systems and Programming” (136 thousand), “Nursing” (104 thousand), “Jurisprudence” (80 thousand), “Tourism and Hospitality” (58 thousand), “General Medicine” (55 thousand), “Economics and Accounting (by Industry)” (39 thousand), “Maintenance and Repair of Motor Vehicles” (37 thousand), “Primary School Teaching” (36 thousand), “Law Enforcement” (35 thousand), “Design (by Industry)” (32 thousand), “Operational Activities in Logistics” (31 thousand), “Construction and Maintenance of Buildings and Structures” (31 thousand).

Earlier, the head of the Ministry of Education emphasized that during the 2025 admissions campaign, there has been a significant increase in interest in SPO. During a recent meeting on education held by Russian President Vladimir Putin, Sergei Kravtsov noted the growing popularity of engineering education among schoolchildren. According to him, school graduates are going into blue-collar jobs.

Let us recall that the admission campaign to secondary vocational education institutions started on June 20. Applicants can submit documents to more than 1,470 educational institutions in 86 regions of the country. In 2025, the secondary vocational education system turns 85 years old.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Self-employed and SMEs will be able to apply for credit holidays

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Holidays can be taken once every 5 years for a period of 6 months for each of the loans, if the entrepreneur has several of them. The corresponding law State Duma accepted immediately in the second and third readings.

The deferment of payments will also be allowed to entrepreneurs who received loans under preferential lending programs for small and medium-sized businesses. The holidays will be available to enterprises operating in any industry if they need a break in servicing the loan, regardless of whether their revenue has decreased or not.

The grace period will be approved if the amount of the loan or credit does not exceed the established values: for microenterprises – 60 million rubles, for small enterprises – 400 million rubles, for medium-sized enterprises – 1 billion rubles. A self-employed person will be able to apply for a loan holiday in the amount of up to 10 million rubles. The Russian government may revise these limits in the future.

During the grace period, interest will be accrued at the rate stipulated by the agreement and capitalized monthly. Holidays will also be allowed for those agreements that were concluded before the law was adopted, but not earlier than March 1, 2024.

The law will come into force on October 1, 2025. The adoption of the law does not limit the right of banks to provide SMEs with restructuring and holidays under their own programs.

Preview photo: Stratos Giannikos / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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INTC to expand development opportunities

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

At a meeting of the State Duma, amendments to the legislation on innovative scientific and technological centers (ISTCs), developed by the Ministry of Economic Development of Russia on instructions from the President of the Russian Federation, were adopted in the second and third readings. The draft federal law is aimed at creating flexible mechanisms for managing land plots and the infrastructure of ISTCs, as well as strengthening the role of regions in the development of innovative clusters.

The key changes to the bill in the second reading concerned the regulation of land turnover in the INTC, and the conditions for the transfer of land to companies with state participation and subjects of the Russian Federation are regulated in detail. In particular, it is envisaged that land plots can be provided to companies with state participation for ownership, lease or gratuitous use for a period of up to 49 years.

At the same time, the provision of land plots to state companies is possible only if there is a construction concept approved by the management company and a decision of the Supervisory Board of the INTC Fund. In the event of the sale of land plots, an agreement is also envisaged between the fund and the company, which will include strict obligations regarding the terms and parameters of construction, as well as liability for failure to comply with the conditions.

In turn, the subjects of the Russian Federation will be able to receive land for the implementation of infrastructure projects after coordinating their concept with the management company of the INTC and receiving approval from the Supervisory Board of the INTC Fund.

According to the First Deputy Minister of Economic Development Maxim Kolesnikov, the facilities built in the INTC can only be used to implement INTC projects and provided to the fund, the management company or the project participants, which excludes misuse. In addition, mandatory state examination of design documentation is introduced for facilities built with the involvement of budget funds. The draft law separately highlights norms for increasing the involvement of the subjects of the Russian Federation in the development of the INTC.

"The subjects of the Russian Federation will be able to independently establish funds and management companies for the INTC without the mandatory participation of the federal government. The regions will also participate in coordinating strategies for the development of innovation centers, which will increase their involvement in the process," commented Maxim Kolesnikov.

Finally, for project participants – residents of the INTC – the period of extraterritoriality (the ability to work outside the borders of the INTC territory) is extended from three to five years, which will provide the INTC with sufficient time to create infrastructure to accommodate residents.

"The adoption of the amendments will create stable conditions for investors and participants of the INTC, ensure transparency in the management of land and infrastructure, and strengthen the interaction between the federal center and the regions in the development of the innovative economy. In this way, we are laying the legal foundations for the long-term development of the INTC, including such significant projects as the Vorobyovy Gory cluster. This will allow us to more actively form advanced scientific and technological centers that are competitive at the global level," emphasized Maxim Kolesnikov.

The amendments to the law on the INTC are aimed at creating a sustainable legal framework for the development of innovative infrastructure. In general, this will speed up the implementation of key projects, attract new participants and strengthen cooperation between the state, business and scientific organizations, he added.

A total of 13 INTCs have been created. They provide development of more than 40 scientific and technological areas in 12 regions (Moscow, Moscow Region, St. Petersburg, FT Sirius, Tula, Ryazan, Novgorod, Kaluga, Nizhny Novgorod, Kaliningrad Regions, Primorsky Krai, Khanty-Mansiysk Autonomous Okrug – Yugra), more than 600 residents are involved in the work of the centers.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Dmitry Grigorenko: The State Duma supported the government bill on regulating digital platforms in Russia

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

The government bill on regulating the platform economy has been approved by the State Duma. The package of measures is aimed at protecting the rights and interests of citizens when interacting with intermediary digital platforms. As reported by Deputy Prime Minister – Chief of the Government Staff Dmitry Grigorenko, the Government continues to discuss new legal provisions with the industry in order to prepare a number of by-laws.

Today, the share of digital platforms in the total volume of retail trade is 15%, and in 2024, more than 6 billion orders were made through them. Given the relevance and timeliness of the bill, the deputies proposed to postpone the date of its entry into force to an earlier date – from October 1, 2026.

"The bill was developed in cooperation with the industry, discussions took place at all key venues. As a result of such careful development, the document retained its concept following consideration in the State Duma. At the same time, a number of provisions were clarified, which made the bill even more targeted. Its task is to protect the rights of sellers and buyers, provide guarantees to market participants and promote further stable development of the platform economy in Russia," Dmitry Grigorenko commented on the results of the consideration of the draft law.

Thus, during the consideration of the draft law, the ban on creating discriminatory conditions for access to platforms was clarified. A ban is introduced for operators of any digital platforms to create discriminatory conditions for persons (both individuals and legal entities) using such a platform. In addition, the law establishes the right of recourse (regression) against the platform operator for platform partners. For example, the seller compensated the buyer for damages, but the damage was not caused through his fault. The right of recourse will ensure a fair distribution of responsibility between partners and the platform.

At the suggestion of the deputies, the requirements for the placement of product cards were also revised. If the seller has not posted a link to the certificate of state registration of the product, the platform operator must not allow the card of such a product to be published. This norm supplemented similar requirements for goods subject to mandatory certification, declaration of conformity and labeling, which were already spelled out by the Government in the draft law for the first reading. Platforms will also be required to provide technical functionality to partners to place information on the product card about the possibility of purchasing goods, works, services using an electronic certificate (for example, for the purchase of technical rehabilitation equipment).

After signing the law on regulating the platform economy, the dialogue with the industry and departments will continue. In pursuance of its provisions, the Government will have to prepare 8 by-laws. For example, to approve the rules for maintaining and forming a register of intermediary platforms. Namely, the criteria for the economic significance of platforms and the composition of information for inclusion in the register, the procedure for making changes to the register and excluding from it. The Government will also establish a procedure for platforms to verify information in product cards (compliance with labeling requirements, links to records in compliance registers, certificates of state registration, etc.).

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The State Duma supported the regulation of the right of veto on the introduction of protective measures in the EAEU market

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

At a plenary session on Tuesday, July 22, the State Duma supported the ratification of the protocol on amendments to the Treaty on the Eurasian Economic Union, which provides for the creation of a special mechanism for conducting investigations and making decisions on the application or non-application of special protective, anti-dumping and compensatory measures. The protocol was signed on December 26, 2024 and submitted for consideration to the lower house of parliament by the President of the Russian Federation.

Deputy Minister of Economic Development of the Russian Federation Vladimir Ilyichev reminded in his report that the said measures are intended to protect the Union's producers from unfair (dumping or subsidized) or sharply increased imports from third countries. These measures are applied in the form of duties on imported goods. "Considering that in the EAEU, production is mainly concentrated in Russia, these measures are an important tool for domestic producers, allowing them to compete on fair terms," he said.

At the same time, Russia’s partners in the EAEU, who do not have their own production and who are interested in cheap imports, do not always support initiatives to introduce measures and can block a protective measure using the right of veto, the deputy minister stated.

The current version of the Union Treaty does not contain a procedure for exiting the situation with the blocking of a protective measure. A "veto" imposed by one of the Union partners on a decision to introduce a protective measure may be in effect indefinitely. While the measure is blocked, imports from third countries continue to cause damage to Union producers, including Russian businesses.

“The amendments to the Treaty on the Union, developed at the initiative of the Russian side, establish a procedure for exiting the situation with the ‘vetting’ of protective measures with the participation of the Intergovernmental Council and the Court of the Union, as well as a time limit for it,” Vladimir Ilyichev emphasized.

The first stage of the procedure will be the consideration of the blocked measure at two meetings of the Intergovernmental Council. If an agreement is reached, no further continuation of the procedure is required, and the protective measure comes into force. At the second stage, the Commission transfers the consideration to the Court of the Union. This body, as an arbitrator, must assess whether the decision is balanced – whether the interests of both producers and consumers, who may also suffer damage from the introduction of the protective measure, are satisfied. If, after the Court of the Union, the member state does not agree with the introduction of the measure, the issue is brought to the level of the Supreme Council of the EAEU. This mechanism will be in effect for 2 years with automatic extension for subsequent two-year periods (if there are no objections from the parties).

“The set of changes provided for by the Protocol will ensure legal certainty in the issue of exiting the veto situation, speed up the decision-making process on the application of a protective measure and, accordingly, strengthen the protection of our producers from unfair or sharply increased imports,” concluded the Deputy Head of the Ministry of Economic Development of Russia.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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