The Russia-Belarus-Kazakhstan Customs Union
Published: November 2011In this issue of Russia Briefing, we assess the implications of the Customs Union of Russia, Belarus and Kazakhstan on trade, looking broadly at the principles and progress of the union thus far. We also attempt to clarify the key modifications to the VAT procedures for transactions involving the three member states.
In this issue:
- The Customs Union of Russia, Belarus and Kazakhstan
- VAT Procedures in the Russia, Belarus, and Kazakhstan Customs Union
Nearly two years have elapsed since Russia, Kazakhstan, and Belarus boldly began to link their economies by forming a Customs Union planned to evolve into a more ambitious common market by 2012, with Russia as its hub.
While the three states are still a long way off from the eventual Eurasian Union heralded by Russia’s Prime Minister Vladimir Putin as a bridge between Asia and Europe, the agreement has thus far managed to ease trade among the three large former Soviet economies in a rather short period of time.
In this issue of Russia Briefing, we will assess the implications of the Customs Union on trade, looking broadly at the principles and progress of the union thus far, and clarifying key modifications to the VAT procedures for transactions involving the three member states.
The content of this magazine was compiled by SCHNEIDER GROUP (RUSSIA CONSULTING) staff in Russia.