In this issue:
- An Overview of Nearshoring
- Russia, Belarus and Ukraine as markets for IT services
- Recruiting IT specialists in Russia, Belarus and Ukraine
- Three main elements of a high quality IT-infrastructure
- The Importance of Data Protection
- Q&A IT Nearshoring
Foreign investment in Russia has undergone a metamorphosis over the past few years, from the tit-for-tat placing of sanctions upon Russia by the West, to the alternative development of trade and supply routes with the East. China’s King Long now provides the Scania buses that used to ply the roads of St. Petersburg and Moscow, but there are many other examples of Russia’s changing trade patterns.
At the recent St. Petersburg International Investment Forum, the number of delegates and deals signed hit record highs, showing that Russia’s decision to look East has been entirely justified. The waves of investment coming from China – which is seeking to secure long-term energy, commodities, agriculture, and trade routes to keep its economy on track – are having a highly positive knock-on effect on Russia. Russia will also host the 2018 FIFA World Cup next year – this new edition of Russia Briefing is a timely one as investors scramble to get into a country that is benefiting from both China’s own One Belt, One Road (OBOR) ambitions and the World Cup.
Russian trade with both China and India is growing at exponential rates as this new trade relationship between Russia and the East continues to expand. This issue of Russia Briefing explains the technical aspects of investing in the country. Opportunities abound for foreign investors to supply Russia with goods, as they do for manufacturing and export. With Russia also being a major partner in the Eurasian Economic Union that covers Central Asia, China and India are seeking free trade with this same body, which will usher in a new generation of trade and investment with this much-maligned nation. Indian academics anticipate Indo-Russia trade to increase 500% by 2025; similar increases in trade volume are expected between China and Russia.
In this issue of Russia Briefing, we explain the basics of business set up for foreign investors, from trademark registration, representation, trading mechanisms, and manufacturing. With low corporate tax rates, Russia is set to become the most dynamic of the trade corridors opening up to Asia.
OLIMPLINE CONSULTING staff in Russia compiled the content of this magazine.