To Russia with...Business?
March 26, 2003
Thinking of trading or manufacturing in Russia? Here are a few tips from American River International, an import/export trading & consulting firm, for those contemplating the "Russian Experience":
- Form alliances with Russian partners or experienced European companies with developed resources and infrastructure.
- Be aware that many Russian companies trade into Russia, but have offshore funds to make payments outside of the Russian banking network.
- Do not be frugal on packaging- or cargo-loss control procedures. Due to increased crime, make sure documentation, marking and labeling is 100 percent accurate.
- Don't go it alone. Service providers such as freight forwarders, counsel and insurance companies can help develop and manage company interests in this market, reducing risks and maximizing profits.
American River International, 1229 Old Walt Whitman Rd., Melville, NY 11747 Tel.: (516) 396-6800; Fax: ( 516) 396-6801.