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BOARD of ADVISORS



Alfreda Turner
Manager
Commercial Development
Department 779

Ms Guner Y. Dayton
Account Executive
Commercial Development
Department 779


Mark Jackson CEO and Chairman
1116 20th Street South
Birmingham, AL 35205
United States
Tel: 800-368-1977


Sergio Millian President and CEO
Atlanta, GA 30324
tel 404-667-9319
fax 404-559-0418


Larry Gashi Sr. Partner
Atlanta GA 30339
tel 678-784-0500


Alisa Abdullaeva Vice President
Atlanta, GA 30324
tel 404-816-8861
fax 404-559-0418


Andrey Shperling
Audit and Enterprise Risk Services
Deloitte & Touche LLP
Suite 1500
191 Peachtree Street NE
Atlanta, GA 30303-1924
Tel.: 404.460.3562
Fax: 404.890.9946


Mark Pierson Chairman
Email: [email protected]
Phone: 404-663-2606
Fax: 404-827-0169


James R Munson
Tel.: (404) 403-5837
[email protected]
769 Old Ivy Rd, 30342 - Altanta,GA


President
Robertson Consulting International, CPAs
Atlanta, GA U.S.A.
404 607-9138 mobile: 404 405-5270
www.RConsultant.com


Advertising Agency,
Dmitriy Goroshin, Vice-President
3855 Holcomb Bridge Rd, Suite 300,
Norcross, GA 30092
Phone: 770-447-0208; Fax: 770-447-0790
www.multichoicemarketing.com

PARTNERS


Russian Fashion Week
21/22 4th Tverskaya Yamskaya Str.,
Bldg. 3, Moscow, 125047, Russia

US-Russia Business Council

The Southern Center for International Studies

Embassy Of Ukraine to the United States of America
3350 M Street, NW, Washington DC 20007
202.333.0606
202/333-0817 FAX

Department of economic development, investments and external relations of Krasnodar Region
Address: Krasnodar City, 350014, Krasnaya Street, 35
Tel.: +7 (861) 262-58-39
Fax: +7 (861) 268-48-05
Email: [email protected]

Russian Federation Chamber of Commerce and Industry
One Market Street, Stuart Tower, Suite 1003
San Francisco CA 94105 USA 8.
Tel.: (1415) 278-0977
Fax: (1415)278-0947

Russian Chamber of Commerce in European Union
Štefanikova 6,
040 01 Košice,
Slovakia,
Telephone: +421 55 728 9267,
Fax: +421 55 728-9269
Fax: +421 55 728-9269

ICC Ukraine International Chamber of Commerce

Belarusian Chamber of Commerce and Industry

German American Chamber of Commerce in the South East USA
530 Means St NW Atlanta, GA 30318 (404) 586-6800

Technology Association of Georgia

Russian-American Federation

Gwinnett Chamber of Commerce

International Leadership Council

International Partnership Council

International Real Estate Council of Georgia

World Congress Center

AAIT

Embassy of the Russian Federation
2650 Wisconsin Ave, NW
Washington, DC 20007

Embassy of the Republic of Belarus
1619 New Hampshire Ave., NW
Washington, DC 20009

Trade Mission of the Russian Federation
2001 Connecticut Ave., NW
Washington, DC 20008-6103
Russian Cultural Centre
1825 Phelps Place, NW
Washington, DC, 20008

Birmingham International Center

Novosibirsk Chamber of Commerce and Industry

Northern Chamber of Commerce and Industry

Karelia Chamber of Commerce and Industry

Pskov Chamber of Commerce and Industry

Tomsk Chamber of Commerce and Industry

The Coalition for U.S. � Russia Trade


  


Russian Currency and Currency Regulations for Travelers

Russia's foreign currency regulations are extensive and complex, and provide numerous penalties for violations. These penalties apply to foreigners visiting Russia who, in case of the failure to submit proper documents to customs authorities upon arrival, can be banned from carrying out of Russia even their own money. It is important to be aware of the procedure for proper currency registration with Customs authorities, which should be implemented by U.S. and other foreign travelers upon their arrival in Russia.Russia is largely a cash economy. U.S. businesspeople traveling to Russia should be prepared to make most local payments with cash. Credit card payments for purchases of goods and services are available in many hotels, restaurants, and shops in Moscow and St. Petersburg, but may not be in other cities. Therefore, it is important to either bring cash to Russia and properly register it with local customs authorities, or make sure that you know how to obtain cash from abroad while in Russia.
How to Get Cash in Russia

Ways of getting cash from abroad while you are already in Russia exist, but they are limited and costly:
• One can withdraw cash from one's own bank account in a foreign bank by using cash machines that are available in Moscow and other big cities. Usually such transactions are subject to a fee of 1-4 percent of the sum of the transaction.
• Traveler's checks can be cashed at selected Russian banks and their regional branches for a fee (for example, the Russian Savings Bank and Alfa Bank charge a two percent flat fee and Vneshtorgbank charge 1 percent). The representative office of American Express in Russia does not cash traveler's checks, but cash operations are handled by the Delta Bank located in the same building.
• International money transfer agents, such as Western Union, MoneyGram, and (in the near future) RIA Express can transfer money from the United States or Europe almost instantly, but such services are relatively expensive.
• Wire transfer to a bank account requires having an account in a Russian bank and cannot be considered as a good alternative for short-term visitors. Incoming wire transfer fees are 1-3 percent of the amount wired and can take several days to clear.
• Personal checks are not a good solution. For a fee of 5 percent of the amount of the check AmEx cardholders can cash their personal checks against their credit cards, but only at the American Express office in Moscow.

Therefore, bringing in cash in Russia is the easiest and least expensive way. However, U.S. travelers should be aware of the following currency regulation requirements in order to avoid potential complications or problems.
What should be done upon arrival: Upon entry in the Russian Federation all foreign currency being brought in should be declared on the customs declaration form. Traveler's checks are subject to declaration upon entry and can be carried out without limitation. Credit and debit cards are not subject to limits and do not require any accompanying documentation. The customs declaration should be presented to customs authorities at the port of entry after passport control and after baggage claim procedures. It is important that the declaration is reviewed and stamped by customs authorities. Since the ''Green Corridor'' is for customs free entry, it is highly recommended to go through the ''Red Corridor.''
What should be done for a safe departure: After the customs declaration is stamped it should be kept in a safe place until departure from Russia. Otherwise, one will not be permitted to leave the country with any foreign currency. Upon departure, have the documents ready to present to customs authorities.Additional Tips
If during your stay in Russia you have received any sum from abroad through a bank transfer (with or without opening a foreign currency account), it is important to make sure that the local bank that receives the cash provides you with a certificate Form No. 0406007. You will need to present this document to Customs authorities when you depart from Russia, along with your Customs declaration. Form No. 0406007 will confirm to Customs authorities that you are taking out of Russia the money that you received through the bank transfer.
It is important to know that in Russia, ATM slips received when withdrawing foreign currency from cash machines are not recognized as adequate documentation by customs authorities. Therefore, if you withdraw any sum from your account through a cash machine, it is recommended to withdraw only the sum that you plan to spend in Russia.

Additional DocumentsForm TC-28 Certificate is another document that can serve as confirmation that foreign currency has been brought into the Russian Federation. Customs authorities issue a TC-28 certificate, when requested, by foreigners bringing in sums exceeding $10,000.

 
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