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Hardly a day goes by at the moment without some
sort of negative news about Russia. I certainly
hope this is not the case by the time the issue
of Russia Briefing you are currently holding is
published, however I fear that the bad news has
not yet come to an end. In
the meantime, it seems that
this negative trend is having
quite some spillover effect
on Belarus and Kazakhstan.
The situation in Ukraine is
extreme to say the least,
however this is certainly not
the first time the country
has had to face economic
hardship.
Therefore, in this issue of
Russia Briefing we will still
be focusing on Russia, however we will also take
a look at the other three countries mentioned.
In all four countries we have seen a significant
devaluation of the local currency. In Ukraine this
was spread over the entire year, in Kazakhstan it
occurred during the beginning of 2014 (with rumor
of further devaluation of the Tenge in Q1, 2015) and
the Russian ruble crashed at the end of the 2014.
Experience from previous years and crises shows
that there is often another surprise during year-end
closing, when the full effects
of the changes in exchange
rate are seen in terms of a
firm’s equity. This creates
the risk of statutory equity
regulations not being met.
The current issue therefore
focuses on the effects of the
ruble devaluation, as well
as what can be done to
either avoid issues with local
regulations or how to solve
them should they arise.
We certainly hope that we can present you
with a more positive topic in the next issue
of Russia Briefing .
Introduction
Reference
Russia Briefing and related titles are produced by Asia Briefing Ltd., a wholly owned subsidiary of Dezan Shira Group.
Content is provided by
Dezan Shira & Associates’partner company RUSSIA CONSULTING.
No liability may be accepted for any of the contents of this publication. Readers are strongly advised to seek professional
advice when actively looking to implement suggestions made within this publication.
Kind regards,
Ulf Schnelder
Managing Partner
RUSSIA CONSULTING Group
Ulf Schneider
Managing Partner
RUSSIA CONSULTING Group
Disclaim
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© 2015 Asia Briefing Ltd.