Economy

Borenius Sanction Update: Impact of EU Sanctions on Your Business

The law firm Borenius published an update about the impact of EU sanctions for business in Russia. In their information they underline that the scope of the EU sanctions targeting Russia is complex, especially when it comes to the consolidated groups of companies active within Russia. As the rules [...]

Russia climbs 11 places on new Global Competitiveness Report

Russia was rated as the 53rd most competitive country, up 11 places from 64th place in 2013, in the World Economic Forum’s annual competitiveness ranking published Wednesday.The Global Competitiveness Report 2014 – 2015 assesses the competitiveness landscape of 144 economies. The report [...]

Trade volume between Russia and the EU significantly reduced in May

The trade between Russia and the European Union was significantly reduced in May: Exports of goods from Europe to Russia fell by 13 percent, while exports from Russia to EU countries fell by 9 percent. In the same month trade between the EU and other countries increased from 14.6 to 15.4 billion [...]

U.S. exports to Russia at record high level

The news service Kaliningrad Domizil reports that exports of U.S. goods to Russia reached a new record in May and rose to 1.2 billion USD. This is an increase of 21 percent compared to April, according to the American newspaper “The Wall Street Journal”. In March, the United States [...]

Borenius about New rules for commercial litigation in Russia

On 20 June 2014 Federal Act No. 186-FZ dated 28 June 2014 “On amendments to the Commercial Procedure Code of the Russian Federation” was passed. It will enter into legal force on 6 August 2014. FIBA-member Attorneys at Law Borenius Russia present here in a legal alert the main points of the new [...]
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