Tag: #Russiafederation

Legal focus: currency control in Russia

If you doing business in Russian Federation (“Russia”), you should be aware of the following: Fiscal transations shall be conducted in rubles (RUB), the national official currency.RUB payment transactions both in and out of Russia are strictly governed by the government and the Russian Central Bank.Foreign currency payments or RUB transfers between a Russian resident…

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Russia legal focus

Q. Can you alter or terminate a contract in the Russia Federation? A. The relevant regulations of the Russian Federation allows contracts to be altered or terminated under the following circumstances: Mutual agreement between the partiesThrough the court a party may claim the other party committed a material breach or there is a substantial change…

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