Russia’s incredible natural resources, impressive human capital and 140 million consumers have great allure for global corporations. Russia today is a different country than just a few years ago. Macroeconomic indicators are strong with high energy prices being the growth engine. A burgeoning middle class is driving consumer spending and an overall construction boom. “Russia is an engine of growth for American companies,” sums up Andrew Somers, president of the American Chamber of Commerce in Russia and former general counsel of American Express TRS Company.

While the economy is producing increasingly positive results, the country remains a complex place to do business. Companies must educate themselves on the potential hazards in order to avoid compliance issues and mitigate the risks. //Read more.