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Russia and the EU

Latest business news about Russia and the European Union.

Cooperating against VAT Fraud
As part of an intensified battle against tax fraud, the European Commission on 6 February 2014 launched the process to start negotiations with Russia and Norway on administrative cooperation agreements in the area of Value Added Tax (VAT). The broad goal of these agreements would be to establish a framework of mutual assistance in combating cross-border VAT fraud and in helping each country recover the VAT it is due. VAT fraud involving third-country operators is particularly a risk in the telecoms and e-services sectors. Given the growth of these sectors, more effective tools to fight such fraud are essential to protect public budgets. Cooperation agreements with the EU's neighbours and trading partners would improve Member States' chances of identifying and clamping down on VAT fraud, and would stem the financial losses this causes. The Commission is therefore asking Member States for a mandate to start such negotiations with Russia and Norway, while continuing exploratory talks with a number of other important international partners.

Russo-British Chamber of Commerce
Business news and investment information about Russia and the Russian economy

Starting a business in Russia
This World Bank site provides information about the procedures and costs associated with starting a business in Russia.

Russia: country overview
Russia is the EU's biggest neighbour and third biggest trading partner, with Russian supplies of oil and gas making up a large percentage of its exports to Europe. The current legal basis for EU-Russia relations is the Partnership and Cooperation Agreement (PCA) which came into force in 1997, initially for 10 years.

EU-Russia Partnership - basic facts and figures
The EU and Russia are not only neighbours but strategic partners who cooperate on a wide range of bilateral and global challenges, based on joint commitments and shared interests. The forthcoming executive-to-executive meeting in Brussels is the largest and most substantive ever. Such meetings between the Commission and the Government of the Russian Federation have been organized since 1997.

Russia-EU Trade - Eurostat
The 27 Member States of the European Union had their deficit in trade in goods with Russia halved in the first six months of 2009. Russia is the third trading partner of the EU.

The EU's Trade Relationship with Russia
The European Union and the Russian Federation have a strong trade relationship. Bilateral trade and investments continue to grow rapidly. Russia is one of the EU's key trading partners and trade between the two economies has showed steep growth rates until mid 2008. This trend was interrupted by the economic crisis and the unilateral measures adopted by Russia which have affected our bilateral trade.

Russia's Oil Barons and Metal Magnates: Oligarchs and the State in Transition
Russian politics has been dominated over the last decade by the relationship between the oligarchs and the state. The existing literature is damning of the oligarchs on two grounds: they won their wealth and power corruptly, and rapaciously stripped the assets they had so dubiously obtained. "Russia's Oil Barons and Metal Magnates" contains a critical analysis of each of the claims made against them. In doing so, it presents a detailed analysis of the place of the oligarchs in both the metals sector and in the Russian political economy.

The EU-Russian Energy Dialogue: Europe's Future Energy Security (International Political Economy of New Regionalisms Series)
EU-Russian energy dialogue represents a policy issue that forces us to take a serious look at several crucial questions related to the present and future of Europe such as: how can the EU area ensure its future energy security when it is running out of its own energy resources and at the same time incorporating new members who are also dependent on energy imports? This book not only outlines the overall characteristics of the energy dialogue, but also illustrates the involved policy implementation challenges by paying special attention to the regional context of northern Europe.Due to the many crucial policy issues, this study contributes to diverse fields such as international relations and political science, European studies, studies on energy politics, the international political economy, post-Soviet politics, and literature on regionalisation and regionalisms, with a special reference on northern Europe.

Gazprom and the Russian State (Russian Foreign Energy Policy Reports)
Gazprom is the world's single largest producer of natural gas, long acknowledged as a state-within-a-state. In 2005 it reached a turning point in its history when the Russian government reasserted its majority stakeholder position, whilst also continuing it's own push to gain control over an increasing share of Russia's energy complex overall. This timely report provides answers to questions such as: what do these movements mean for the future of the Russian energy sector? What will be the impact of state control over Gazprom on domestic and foreign shareholders? And what do these changes portend for the future of natural gas exploitation, production, distribution and the ultimate export of Russian gas to downstream consumers? And what will these changes mean to world? It is part of the "Russian Foreign Energy Policy Report" series.

The Future of Russian Gas and Gazprom
The Russian gas industry provides 50% of Russian domestic energy supplies, a substantial proportion of CIS gas supplies, and around 20% of European gas demand. Declines in production at existing fields mean that Gazprom will face increasingly difficult decisions about moving to higher cost fields on the Yamal Peninsula. The alternative will be increasing imports from Central Asian countries and allowing other Russian gas producers to increase their role in the industry. Russian exports to Europe will gradually increase and deliveries of Russian LNG will commence to Asia and the both coasts of North America. Pipeline gas deliveries to East Asian countries may have a longer time horizon. Export projects aimed at new markets will depend crucially on the maintenance of (oil and) gas prices at the levels of 2003-05. European exports will also depend on the pace of EU market liberalisation and Gazprom's ability to agree mutually acceptable terms for transit, principally with Ukraine and Belarus. Reform, liberalisation and restructuring of the Russian gas industry have been more substantial than has generally been recognised. Most important has been price reform which, in 2005, allowed Russian industrial customers to become profitable to serve at regulated prices. Price increases may significantly reduce future increases in domestic gas demand. The increasing need for production from companies other than Gazprom will ensure that liberalised access to networks expands considerably over the next decade. In the 2000s, Gazprom reclaimed its CIS gas business from intermediaries, while maintaining its de facto monopoly of exports to Europe and establishing a similar degree of authority over future exports to Asia. The merger of Gazprom and Rosneft will provide the potential to become a force in the domestic and international oil markets, particularly given the authority that the president has conferred on the company in terms of Russian energy policy.

The CIS, the EU and Russia: Challenges of Integration
"The CIS, the EU and Russia" focuses on the difficulties facing Russia, Ukraine and Belarus with regard to their integration into both the CIS and the encroaching EU. It analyzes the links between the integration mechanisms of the CIS and EU and the various state policies towards, and the elite interests in, the territory of the former Soviet Union.

Putin's Russia and the Enlarged Europe (Chatham House Papers)
The enlargement of the European Union and NATO requires new relationships with Russia that take account of its greater self-reliance under President Putin but also its continued need for engagement in Europe. There are serious choices to be made on both sides about the obstacles to good relations, and about the policies to enable a form of Russian 'inclusion without membership'. In this authoritative work, which draws on extensive interviews with Russian decision-makers as well as a body of new survey evidence, official sources and recent published debates, the authors examine recent changes in Russia's relations with the EU and NATO and explore the patterns of support for these various orientations among its own elites and public. A final chapter anticipates the issues that will become increasingly prominent, including competition in the 'common neighbourhood' and controversy over the role of values in shaping Russia's future position in Europe.

The EU and Russia
"The core of this book is an authoritative review of the evolution and prospects of relations between the European Union and the Russian Federation, but it may be further recommended for its perceptive analysis of a decade of constitution of orderly rules for the Russian political economy." Michael kaser, St Antony's College, University of Oxford. "Enlargement of the EU to the East opens a new chapter in relations with Russia just as Russia's own situation is evolving more quickly than at any moment since the fall of the Berlin Wall. This timely new book provides an accessible and fresh account of a fascinating subject." Rt Hon, Christopher Patten, EU Commissioner for External Realtions. "The EU and Russia is a substantial and detailed contribution to the debate about the relationship between Russia nd the expanding European Union, a debate which is bound to become more urgent as the two draw closer together over the next decades." Sir Rodric Braithwaite, Senior Advisor to Deutsche bank in London, UK Ambassador to the Russian Federation 1988-1992. The authors of "The EU and Russia are positive about the prospects for partnership but realistic about the difficulties. Their book provides the facts on which the prospects can be assessed and ideas on which the development of the partnership could be based. The core of this book is an authoritative review of the evolution and prospects of relations between the European Union and the Russian Federation, but it may be further recommended for its perceptive analysis of a decade of constitution of orderly rules for the Russian political economy. Michael kaser, St Antony's College, University of Oxford.

Ukraine, the EU and Russia: History, Culture and International Relations
Ukrainians re-emerged on Europe's political map in 1991 after more than two hundred years of direct Russian rule. As there was no 'liberation war' and 'old regime' elites were not exiled or executed, the legacies of the past weigh-down particularly heavily. Political independence is not matched by economic, cultural and psychological independence. This book surveys the Ukrainian-EU relationship in light of the legacies of Russian rule. It examines interrelationships between identities, loyalties and political/cultural orientations, reviews policies, and identifies salient forces and trends.

Find an office in Russia
Instant Offices Russia

Russia country guide
Russia is the EU's largest neighbour, brought even closer to the EU by the 2004 enlargement. It is still struggling to establish a modern market economy and achieve strong economic growth.

Investment in Russia
Data on Russia economy, economic developments and forecasts

Business Environment - Russian Federation
Snapshot of the business environment for the Russian economy, from the World Bank

Doing Business in Russia (HLBI)
Guide on Russia from HLB International, which has produced a series of international booklets on accounting, taxation and company law information.

International Tax Guide - Russia (Deloitte)
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Russia Highlights and Taxation and Investment Guide, above, country links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.