Stay compliant while doing business in Russia. Your guide to the Russian legal and regulatory environment, covering business law, tax, and industry-specific compliance requirements for investors.
The Russian government has accounted for the wishes of businesses and members of parliament and proposed a gradual transition to VAT payment for small- and medium-sized businesses on a simplified tax system, lowering the payment revenue mechanism from a threshold of ₽20 million (US$245,000) to ₽10 million (US$125,000) over the coming three years, Prime Minister […]
Russian academics have begun questioning the level of economic and political intelligence being cited by the West when it comes its collective analysis of Russia, with many perplexed about how the West so consistently sticks to its statements that it is being threatened by Russia, that the country is collapsing, and economic decline is imminent. […]
Russia and China are to sign a memorandum of cooperation in healthcare in November, giving new impetus to the mutual quality and safety of their respective medical products, according to Mikhail Murashko, the Russian Health Minister. He said, “The work done by the Russian Scientific Center for the Examination of Medical Products of the Health […]
The agreement between Russia and Jordan mutually waiving visa requirements for citizens of the two countries is to come into effect from December 13, the Russian Foreign Ministry has stated. Russian citizens will be able to travel to and stay in Jordan without having to apply for visas for 30 days, provided that they do […]
Russia and China have updated their Bilateral Investment Treaty (BIT), which was first agreed upon back in 2006. BITs typically provide legal guarantees for reciprocal investments, as well as containing specific preferential agreements on tax rates impacting specific detailed industries and the services sector. Russian President Vladimir Putin signed the bill that ratifies these updates […]
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The Russian President, Vladimir Putin, has conducted his annual Q&A session at the Valdai Club, which was themed this year as “The Polycentric World: Instructions for Use.” In it, Putin touches on numerous academic issues to explain the changes global society is going through, why this is happening and the potential for reform and global […]
The Russian President, Vladimir Putin delivered an insightful speech at the Valdai International Discussion Club on October 2nd with numerous points made about Western and Russian joint development interests, while expressing the hope for reconciliation and cooperation. He touches on European contributions to global society, while pointing out the areas where contemporary attitudes are interfering […]
Russia’s Foreign Minister, Sergey Lavrov, met with Kamil Idris, the Prime Minister of the Republic of Sudan, on the sidelines of the 80th Session of the UN General Assembly in New York. The discussions focused primarily on the situation in Sudan amid the ongoing military-political crisis that has persisted since April 2023. The Russian side […]
Has Eastern Europe Inherited Its Fiscal Prudence From the Soviet Era? News that the French economy has reached a debt-to-GDP ratio of 113% and that this is expected to climb further to 125% by 2030 has alarmed economists, who are stating that these levels are unsustainable and could create serious future damage. GDP/debt ratio figures […]
The Russian Prime Minister, Mikhail Mishustin, signed Order 2559-r on September 18 stipulating that specific conditions must be met by Sodeco (Sakhalin Oil & Gas Development Co. Ltd., the shareholders of which are Japex, the government of Japan, Itochu, Marubeni, and Inpex) and India’s ONGC Videsh Limited. The updated criteria for participation in the Sakhalin-1 […]
Russia’s Federal Tax Service (FTS) has contributed 7% more taxes in 7M 2025, rising by ₽2.4 trillion (US$30 billion) more than the same period last year, according to FTS CEO Daniil Yegorov. Tax payments to the federal budget rose 5%. Non-oil revenues administered by the FTS increased 27% YoY (by ₽2 trillion, or US$25 billion) […]
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