ANNOUNCEMENT 18 Jun 2015In June 2015, the government of the Russian Federation announced a change in import formalities.
NUMBER OF INTERVENTIONS
On 18 June 2015, at the St. Petersburg International Economic Forum, the Government of St. Petersburg and the company "ExpoForum-International" (related to Gazprom Group) signed a cooperation agreement for the development of import substitution in the North-West region of Russia in the framework of a Centre for import substitution and localization.
The main features of the Centre are:
The city authorities of St. Petersburg expect the work of the centre to attract for the economy of St. Petersburg about 200 billion Russian Rubles (approximately 3.71 billion USD according to the USD/RUB official exchange rate for 18 June 2015), and to contribute to a significant increase in export volumes (Rossiyskaya Gazeta, Federal issue No. 6775 of September 11, 2015).