- How to receive the payment from Russia , for the goods exported earlier to Russia from India?
Trade between Russia and India is of utmost importance. India is looking for ways to make rupee and ruble arrangements powerful to make sure the trade with Russia after the dreadful results of the sanctions which are caused by West as a result of war between Ukraine and Russia. All the international transactions of India having any relation to trade depend on The Society for Worldwide Interbank Financial Telecommunication. The Society for Worldwide Interbank Telecommunication make sure the easy and fast communication between the lenders worldwide for the purpose of cross border payments. Seven Russian banks are not included in messaging system anymore. In 2014 India and Russia signed an agreement to make payments through the rupees ruble trade. However, the issue is conversion of ruble into rupee. Ruble is not completely converted. Therefore, the Bitcoin trading markets with no restrictions do not easily trade in ruble. This results in the low rate of trade for rupee ruble currency pair.
- What are the products which small startups can export or import currently from Russia to India under 10,000 USD?
Russian products are inexpensive and are very affordable for the small startups. Moreover, if the Rupee will be recognized in Russia, the small startups in India will be able to get Russian products on much cheaper rates. The small startups can import silk, carpets and other textile floor coverings, special woven or tufted fabric, lace and tapestries, cotton and footwear. These are the major imports of India from Russia. A small startup can import these products on much cheaper rate than the others. Fewer than 10 thousand Dollars, a small startup can be established by these products. The war between Ukraine and Russia has a very adverse impact on the trade of Russian with different countries. There is a bilateral trade between India and Russia. Russia mainly imports telephones, Packaged Medicams, Nitrogen Heterocyclic compounds, crustaceans and large construction vehicles. The small starters can export these products to Russia and earn a good amount. The trade between India and Russia will be much easier when the rupee will be recognized in Russia. India could be able to export and import as well on much inexpensive and cheaper rates than the other countries, as the value of Russian ruble is less than Rupee.
- What are the products which small startups can export or import currently from Ukraine to India under 10,000 USD?
India and Ukraine have bilateral political, economic and cultural relations. India is the 5th largest exporter of Ukraine. India export mainly pharmaceutical products. It is the third largest exporter of pharmaceutical products to Ukraine. Other major exports of India to Ukraine are reactors/boiler machinery, mechanical appliances, oil seeds, fruits, coffee, iron, steel, tea and spices etc. Whereas the major imports of India from Ukraine are sunflower oil, iron steel, plastic and chemicals etc.
Under 10,000 dollars a small startup can be established by importing some of these products from Ukraine and with minimal changes these can be exported to other countries on much more profit. Small startups can have the duty free access to many products which is another plus point of starting a small startup by importing or exporting products from Ukraine to India.
- At present which shipping line or Airline is active in Ukraine for shipping the goods?
In the present situation of war between Russia and Ukraine UIA is still providing the cargo transportation services for the transport of goods. It is the most reliable, fast, secure and high quality cargo delivery service around the globe. Moreover, it is the most trustable cargo delivery transportation service throughout the world. UIA kept on providing transportation services of the goods in different countries even in covid-19 pandemic challenges. The war between Russia and Ukraine has created many problems for air lines and shipping lines as well. Airlines are facing many restrictions because of the situation of war between Russia and Ukraine. It also affects the cost for cargo sector. The rules for airlines to fly over Russia and Ukraine are also changed. The prices of fuel are increasing as well. United Airlines is another Airline which is transporting goods and passengers to Ukraine and fly over Russian airspace. Many shipping lines are working in Ukraine for the transportation of goods including Arkas Logistik Ukraine, Trucking Neolit and Stoles Logistic Ukraine. These are the most popular shipping lines for the transportation of goods in Ukraine.
- What are keynotes or rules which are kept to be in mind before exporting the goods to Ukraine or Russia? A detailed guideline with reference to government notification which is also applicable to Indians already visible.
Due to the Russian invasion of Ukraine America and its partners impose some financial restrictions on Russia. Some Congress members have also introduced the law to remove Russia permanently from normal trades relations status. America and its partners also try to permanently remove the membership of Russia from World Trade Organization. Whereas, the trade of Ukraine has become limited because of the war of Russia and Ukraine. In present situation if some country is planning to trade with Russia, it must look through the situation and restrictions imposed on Russia and the situation in Ukraine is equally important as well. APHAServiceDesk@apha.gov.uk. or
https://www.gov.uk/government/publications/the-border-operating-model
- How to find the business partner from Ukraine and Russia? List all the ways with the relevant government and pvt body websites to get more leads regarding it.
With the help of social media one can find the business partners in Russia and Ukraine online with very little or no effort. Indian Embassy & Europages.com post different proposals of business and partnerships in Russia. You can find the partner for your business on this website. Moreover, fiverr.com is another website that provides you the opportunity to find the perfect partner for your business in Russia. In Ukraine you can get a partner for your business from LinkedIn. It is an authentic platform where you can find partners for your business easily.
Q. How to register office in Russia and Ukraine? What are the rules and cost after war for Indians?
- The list of documents required to have your company registered with the tax authorities
Ukraine has updated registration rules for foreign companies (organizations). From now on, foreign companies (organizations) are required to register with the State Tax Service of Ukraine if they:
carry out activities in Ukraine through separate units (that is, through non-commercial or commercial representations)
Acquire real estate or obtain property rights to real estate in Ukraine.
A registration application form has been introduced (form 1-???). A cover letter and copies of the documents listed below must be submitted with the application form 1-??? (the applicants must also show the originals):
Extract from the commercial register of the country where the company was registered confirming the company’s registration and containing the identification number, address, and the name of the company (or other official documents confirming this information).
Power of Attorney as proof of the Representative’s authority to act on behalf of the non-resident company in Ukraine. The text of the Power of Attorney must clearly define the scope of the authority delegated to the Representative, the text of the power of attorney must also cover all the rights and obligations of the Head of the taxpayer for all cases determined by the tax laws of Ukraine. As a general rule, a power of attorney issued for the purpose of appointing the Head of the Representative Office and determining their scope of authority, is not suitable for registering a foreign company.
A document on registration (accreditation) of a representative office in Ukraine, if the foreign company is operating in Ukraine through a representative office.
- Representative (Director) of a foreign company in Ukraine: who can be appointed?
Information about the Representative (Director) must be indicated in the application form 1-O??. In addition, companies must also indicate the person in charge of accounting and tax records. Companies may indicate either the individual who is appointed as Director in accordance with the company’s charter documents, or a Representative who is acting in Ukraine on the basis of a Power of Attorney. It is important that the individual have a tax number in Ukraine. If the individual is a foreigner who does not have a taxpayer registration number in Ukraine, it must first be requested and obtained it from the tax authorities.
Protect those who are not fighting, such as civilians, medical personnel or aid workers.
Protect those who are no longer able to fight, like an injured soldier or a prisoner.
Prohibit targeting civilians. Doing so is a war crime.
Recognize the right of civilians to be protected from the dangers of war and receive the help they need. Every possible care must be taken to avoid harming them or their houses, or destroying their means of survival, such as water sources, crops, livestock, etc.
Mandate that the sick and wounded have a right to be cared for, regardless of whose side they are on.
Specify that medical workers, medical vehicles and hospitals dedicated to humanitarian work cannot be attacked.
Prohibit torture and degrading treatment of prisoners.
Specify that detainees must receive food and water and be allowed to communicate with their loved ones.
Limit the weapons and tactics that can be used in war, to avoid unnecessary suffering.
Explicitly forbid rape or other forms of sexual violence in the context of armed conflict.
To open a branch in Russia some documents are required. These documents are:
A copy of the articles which are related to the documents of main company
Information about the main company
A certificate of tax registration a statement of the bank account of the main company, indicating that the main company is in good financial condition.
The cost to established a branch or office in Russia range from 19760 US dollars to 12,000 US dollars.
If you want to open a branch in Ukraine all you need is:
An address that is registered
A copy of the certificate of incorporation of main company
A copy of all the documents associated with the main company
The appointment of the branch representative of a Ukrainian
If the directors of the office or branch are not Ukrainian citizens, Ukrainian work permits are required.
The cost of establishing a branch or office in Ukraine vary from 9500 US dollars to 25760 US dollars.
- What are the websites to study market of Russia and Ukraine , demand and supply after war?
The authentic websites to study the market of Russia and Ukraine demand and supply after supply are:
Reuters.com, Nytimes.com and think.ing.com
These are the most authentic websites to study market of Russia and Ukraine after war.
- Consulting on startup and development of business in Russia. Marketing and sales leads local help.
There are different companies which provide the consultations for startup and business establishment in Russia. Starting a business in Russia means that you need to follow new rules and regulations. Russia is at war with Ukraine currently. The situation is changing everyday that affects the prices of goods cost of living and immigrations. There are many things you need to keep in mind while establishing a business in Russia you need to start your business with basic knowledge such as if you can operate your business according to law in Russia.
The major thing is having a business idea that will work for you. The other things you must consider while joining a Russian company or establishing your own business in Russia aur opening a Russian Bank account for your business completing all the documents and having a legal structure for your business.
You have to check your immigration status if you want to start a business in Russia to make sure that your immigration status allows you to trade in the country. Other requirements include the legal structure of your business, to choose a company name and address and complete Foundation documents.
- Websites where we can find the freelancers of Russia and Ukraine;
- Upwork.com
- Fiverr.com
- PeoplePerHour.com
- What are the top countries which Russia and Ukraine trade where there is FTA benefits, where importing from those countries attracts duty free imported material to Russia and Ukraine?
FTA agreement was signed between eight countries which are Russia, Ukraine, Tajikistan, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova and Belarus. According to Free Trade Agreement.
- What are the Famous E-Commerce websites where Indians can register for online selling in Ukraine and Russia?
Ecommerce is getting more and more popular in Ukraine. In June, about 13.6 million internet users visited online stores in the Eastern European country, which is 1.3 million more than in the same period last year. And these are the most popular ecommerce websites in Ukraine. Online store Rozetka is the most popular ecommerce website in Ukraine, based on information from Gemius. The retail company, which was founded in 2006 and started with selling mostly consumer electronics, welcomed 6.7 million internet users on its ecommerce website this June.
Another very popular ecommerce site in Ukraine is OLX.ua, a website that lists many classified ads and attracted 5.5 million visitors during the same month. And Prom.ua welcomed about 4 million visitors in June. That’s more than the most popular foreign ecommerce website managed to attract in Ukraine. The three most popular foreign ecommerce websites in Ukraine reached over 4 million people, which corresponds to one in five internet users. The most popular one is Aliexpress, which saw 3.8 million people visit their website, followed by Amazon (411,000) and eBay (328,000).
- What are the goods that could be exported or imported to Ukraine and Russia via Air?
Because Russia and Ukraine are pivotal sources exporters of energy and food globally, the world may soon face crises in fuel and food prices. Even before the invasion, global food prices were at near record highs since the U.N.'s Food and Agriculture Organization began keeping track in 1960, and oil prices were well above their 30-year average. Will the conflict drive fuel and food prices even higher, and for how long? The answer is complicated. Oil and gas prices are likely to rise and fall often in the coming days and weeks, but with little change to prices over the long term. The world’s supply of food, on the other hand, may tighten. Ukraine supplies 8 percent of the world’s exported wheat and 13 percent of its maize — and that harvest will be disrupted. Russia supplies 18 percent of exported wheat and 39 percent of rapeseed oil, but if Russia restricts exports or nations around the world refuse to transport or import its products, that too may exacerbate hunger worldwide.
The names of food that are exported from Russia and Ukraine are; corn, wheat, barley, soybeans, and sunflower oil.
The names of food that are imported from Ukraine and Russia are; avocados, apples, honeydew melons, blueberries, cantaloupe, mangoes, nectarines.
During the past six years, Ukraine has been a victim of heightened Russian aggression – militarily, politically and economically. In fact, in 2013, economic pressure was used to try to persuade Ukrainian President Viktor Yanukovych not to sign the Association Agreement (AA) with the EU. Though temporarily successful, this pressure triggered the Euromaidan protests in November 2013, which eventually led to collapse of the Yanukovych regime in February 2014 and subsequent Russian military intervention.
In the following months, Russia continued to exert pressure to stop the Association Agreement, or at least its trade component, the Deep and Comprehensive Free Trade Area (DCFTA), which Russia (wrongly) judged detrimental to its interests, arguing that zero-duty imports from the EU into Ukraine could easily ‘leak’ into Russia. Despite the European Commission’s efforts to avoid a trade conflict through a one-year postponement and trilateral negotiations, the DCFTA eventually entered into force from 1 January 2016.