YOUR EU COMPANY CAN’T SELL ANY GOOD OR PROVIDE SERVICES TO RUSSIAN MARKET?
Ofcourse not, because Europen Union declare sanctions against Russia in 2014 and your business decrese revenue.
Some of restrictive measures under EU sanctions against Russia:
- The sale, supply, transfer or export of all dual-use goods and technology for military use in Russia or for any military end-user in Russia is prohibited. The sale, supply, transfer or export of dual use goods and technology to any person, entity or body in Russia as listed (Annex IV of Regulation No 833/2014) is also prohibited. Any provision of related technical or financial assistance and services are also prohibited.
- The export of certain equipment listed in Annex II of Council Regulation 833/2014 shall be subject to prior authorisation by the competent authority of the exporting Member State. The provision of technical assistance or other services related to the equipment and the provision of financing or financial assistance for any sale, supply, transfer or export of the equipment or for the provision of related technical assistance or training, shall also be subject to prior authorisation.
- The provision of services necessary in Russia for the oil exploration and production in waters deeper than 150 metres, in the offshore area north of the Arctic Circle and for projects that have the potential to produce oil from resources located in shale formations by way of hydraulic fracturing (it does not apply to exploration and production through shale formations to locate or extract oil from non-shale reservoirs) shall be prohibited.
BUT, we know how you can approach Russian market! Did you know that there’s a way to offer your products and / or services to the Russian market, by moving your business in country who is having free trade agreement with Russian federation and over 200 milions potential consumers? Make a move and registred your company in Serbia!
Serbia is the only country outside of the Commonwealth of Independent States that has a Free Trade Agreement with Russian Federation. By the way, efforts in attracting new investments in the Republic of Serbia were also recognized by the new “ E&Y European Attractiveness Survey 2018”. Serbia has attracted a record number of FDI in 2017, and for the first time it is listed as one of the top 15 countries in Europe by the number of FDIs. On WB Doing Business List, Serbia moved up by 48 place.
How to register a company in Serbia?
For futher information please contact us. We can solve your problem.