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.
Belgrade is ready to purchase Russia’s share in the Naftna Industrija Srbije (NIS), a key energy company in Serbia, in the wake of looming US sanctions against it, the Serbian President Aleksandar Vucic has stated. Washington threatened to impose sanctions against NIS over Russian ownership. Russia provides about 15% of Serbia’s total energy needs. Vucic […]
The Russian Government has submitted for ratification to the State Duma the Convention on the International Organization for Maritime Navigation Equipment (IALA). This gives Russia the opportunity to participate in the work of the organization as a member state. The convention is a treaty that establishes the International Organization for Marine Aids to Navigation as […]
Brazil has just become the new Chair of the BRICS group, taking over from Russia. The 2025 BRICS summit can be expected to be held in Rio de Janeiro, where the G20 also met just a few months ago, ensuring Brazil retains a global focus of key economic participants. Many in Brazil already regard the […]
The Supreme Eurasian Economic Council, which oversees legislation on behalf of the Eurasian Economic Union, (EAEU) has signed an agreement on a Unified Customs Transit System between the EAEU and third countries. The agreement is important as it reduces transport costs from the EAEU to its major trading partners. The agreement defines the legal framework […]
The United States and European Union have green-lit a decision to pass interest earned by Russian securities frozen in the US and EU to Ukraine, to use in order to repay a US$20 billion loan. We examine the implications and the potential global fallout over this unprecedented financial development. The Total Amount Due The US […]
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Russian and Chinese credit rating agencies are replacing Western ratings agencies as demand for financial intelligence increases throughout Asia. Companies such as Moodys, S&P, and Fitch all exited the Russian market in 2022, when sanctions were imposed. Their work in Asia, and China has also been historically erratic, with a lack of local connections and […]
The Russian-Chinese Legal Congress is taking place on December 4th, and amongst other matters, will discuss the issue of resolving maritime disputes between BRICS countries. Anastasia Simonova, of Verba Legal, has stated that “Cooperation between Russia, China and India in the field of maritime transportation, international transit of goods, in relation to the Northern Sea […]
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