Doing Business in Today’s Russia: Practical Considerations for Minnesota Companies
4 videos • 171 views • by Dorsey & Whitney LLP The Minnesota Trade Office is pleased to present this educational program about the opportunities, challenges and legal considerations of doing business in Russia. While targeted American and European economic sanctions remain in place, there is no overall trade embargo on Russia. Russia still presents both significant challenges and opportunities for Minnesota exporters. Today, many Minnesota-based businesses are actively involved in business operations with Russia: 3M, Black River Asset Management, Cargill, Digital River, Ecolab, FAIR ISAAC, H.B. Fuller, Medtronic, Merrill, MTS Systems, Northern Technology Corporation, REGIS, Valspar, etc. However, for the past three years, U.S. exporters have been hit with Russian sanctions. A number of Russian entities and individuals are also subject to sanctions, which requires American firms to do careful due diligence on potential business. Minnesota enterprises continue to carefully monitor the overall business climate in Russia, balancing opportunity and risk.