On February 25th the second online seminar of the two-day event series "Russian Market: FAQ" was held. We were pleased with the participants who attended the first meeting, as well as new listeners.

This time the focus was on customs clearance, banking business, and entry opportunities, which were examined through case studies.

The meeting was opened with an overview by Dr. Georg Schneider (swilar GmbH) about the various options for the presence of German companies in the Russian market, the advantages and disadvantages of these options.

Anna Urumyan (Representative Office of the State of Lower Saxony in the Russian Federation, Representative Office of the German Academy of Management of Lower Saxony in Moscow, BMS LLC) assessed the Russian market from the perspective of companies from Lower Saxony. She gave examples of projects in Russia, taking into account the peculiarities of customs clearance and certification.

The experience of Thuringian companies in Russia was summarized by Guzel Shaikhullina (Thüringen International in Russia) and Irina Heiss (Thüringen International, Landesentwicklungsgesellschaft Thüringen GmbH)

The topic of banking business in Russia was brought up by Maxim Lubaskin (Rosbank). He outlined the differences and similarities compared with Germany, using financing and hedging transactions as examples.

Elena Balashova (Balashova Legal Consultants) discussed current opportunities for entering Russia and peculiarities of migration issues for foreign employees.

Igor Bruyevich (KWS RUS LLC) shared the experience of KWS Group in establishing an enterprise in Russia.

At the end of the seminar participants actively asked questions, which proves that the topic is very relevant. We will be organizing similar meetings in the future, so please follow our announcements and news.

The event was held in the framework of German-Russian Thematic Year of Economy and Sustainable Development 2020-2022.

Organized by: swilar, Bavaria Representation Office in the Russian Federation, Lower Saxony Representation Office in the Russian Federation, NRW.Global Business Russia and Thüringen International with active cooperation of KFW IPEX-Bank and Rosbank as well as the auditing company "Sterngoff Audit" and the law firm Balashova Legal Consultant.