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Russia Develops E-Commerce Strategy

The Russian Ministry of Industry and Trade has created an electronic commerce development strategy for the period up to 2025.

The proposed development strategy is aimed at creating additional market mechanisms which would provide the growth and development of electronic commerce in Russia, in particular by means of eliminating the excessive restrictions for electronic commerce, perfection of payment systems for electronic transactions, provision of balanced conditions for conducting business activities by Russian and foreign online retailers that sale goods directly to Russian individuals, and enhancing cyber security for electronic commerce in the domestic market and in transborder transactions.

By 2025 the Ministry of Industry and Trade plans to increase the share of electronic commerce in the total volume of trade in Russia up to 20 percent. 

Customs warehousing regime can be applied if the customs authorities need to perform additional investigation to decide whether or not the imported cargo item can be released for domestic consumption.

If the draft law is adopted, the current Russian law on customs regulation passed in 2010 becomes invalid.

The adoption of new law may simplify customs procedures and should be considered for the movement of cargoes cross the Russian border.

 

 

 

Vitaly Sinitsin

Vitaly Sinitsin

Partner, HLB Energy Consulting
Russia

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