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Highlights of Focus on Brazil from ART DE LEX

The 9 February 2015 Focus on Brazil newsletter from ART DE LEX contains a wealth of information about the expanding trade between Russia and Brazil along with news pertaining to businesses operating in Russia.

Commerce between Russia and Brazil

In December 2014, a Russian delegation visiting Brasilia indicated that Russia may provide Brazil with technological expertise in the areas of space exploration, shipbuilding, aviation, and missile defense. Currently, Russia has a ground station for its global navigation system at the Brasilia University. It is possible that some agreements will be in place before the Brazilian president, Dilma Rousseff, visits Moscow later this year.

Because of the import bans Russia imposed on various countries, Brazil has become the main supplier of meat in the Kamchatka region, outstripping even Russian sources.

The German-based but Russian-owned shipbuilder, Nordic Yards, has joined with an unnamed Brazilian partner to build and repair vessels in the Brazilian state of Ceara. The company builds high-tech ships destined to operate in the Arctic in the areas of shipping, offshore exploration, and wind turbine maintenance.

Evraz, by far the largest rail producer in Russia, has signed contracts to supply rails to Brazil’s TIISA Construction and BR Railparts and recently concluded a contract to export to Iran. The company expects that the Latin American market ultimately may account for nearly a third of its production.

Doing Business in Russia

As of January 2015, new rules are in place for foreign business operating in Russia. The Chamber of Commerce and Industry of the Russian federation must accredit foreign employees of foreign companies. Afterward, the foreign companies must apply for accreditation from the Russian Federal Tax Service. Already accredited foreign companies have until 1 April of this year to update their information.

The Eurasian Economic Union (EEU), which includes Belarus, Kazakhstan, and Russia, began operating on 1 January 2015 and eventually will entail the free movement of goods, services, capital, and labor among its members. In the next decade, EEU countries will coordinate various regulations, and unified markets will evolve in pharmaceuticals (2016), electricity (2019), finance (2025), as well as oil, gas, and petroleum (2025). For the most part, EEU members will not be able to impose trade restrictions on each other, although certain sanitary and veterinary measures are permitted. On 22 January, Armenia joined the EEU. Kyrgyzstan likely will join in May 2015 and is slated to receive USD 300 million in EEU aid. President Vladimir Putin announced that a free-trade agreement with Vietnam is nearly complete and that negotiations are underway for similar treaties with India, Israel, and Turkey.

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