Why Russia is worth your business consideration :: Gateway to new market opportunities in Russia :: consulting, import, export, sales, distribution, market

Overview

The Russian Federation is the world's largest country in terms of territory, with a population of 145 million.

With vast natural resources and a highly educated workforce, Russia has huge growth potential.

Following the collapse of the Soviet Union in 1991, Russia launched reforms aimed at transforming its centrally planned economy into a free market system.

The following Swedish companies have been active on the Russian market: Telia, IKEA, Scania, Volvo, Perstorp, Oriflame, NCC, Skanska, Bonnier, Ericsson, Telia, Husqvarna, Ifo.

Currency

The currency is the rouble ( RUR), 1 rouble = 100 kopecks.

Russia Ruble exchange rate:

Russian Economy Report (85 pages)

Download the full version of the report -> Click on the link with the right mouse button and choose "Save Target As..." : market_report.pdf (450 Kb)

To view this report you need Acrobat Viewer - a free programme that can be downloaded from www.adobe.com/acrobat.

Regulations

Most of the goods can be freely imported into Russia, though there is licencing system for some products such as pesticides, weapons, self-defence items, explosives, jewels and precious substances and electric material which represent about 3 % of the total of imported goods. These licenses are issued by the Ministry of External Economic Relations and controlled by the State Customs Committee.

The importers have to fill up a "customs freight declaration statement" of which 54 paragraphs are written in Russian. The certificate of origin and also matching certificates have to be presented to the customs.

Customs duties

Russia applies the Harmonized Customs System. The custom duty is calculated Ad valorem on the CIF value of the goods. The duties and taxes are imposed by the State Customs Committee.

Market Research

When you are positive that you want to try the Russian market (after reading the Country Report) you will most probably need to gather some specific information about the market. We can help you to do a market study, which usually takes 4-6 weeks. This study will identify market opportunities, existing barriers, potential distributors or end-users and competitors. Desk research and experts' interviews are used to receive the data. Finally the study will include recommendations basing on all the results about further steps.

After the study is competed and you decided to proceed further you may use our representation services.

Reliable and trustworthy information on the market including: