The sanctions introduced against Russia are probably the major problem at present not only for Russia but for international business relations as well.
There are relevant opinions related to this question which should not be ignored.
For instance, the following:
Of course, sanctions-related problems affect the companies of our clients, too.
Many Swiss companies which have been working for tens of years on the development of their branches and trade structures in Russia (and have earned a nice bit of money) are now forced to wind up their business and abandon all this. They are not able any more to pay salaries to their employees in Russia and even pay a dismissal compensation due to them according to the law. With the loss of orders from Russia they are also forced to dismiss employees in Switzerland.
We can render support in some of these cases. However, we want to say right from the start that we do not offer any statutorily prohibited deals to circumvent the sanctions. We comply with all sanctions-related rules of the countries which have imposed sanctions.
In this connection we should warn against a common misconception that the sanctions prohibit any business relations with Russia:
This means that most goods and services are not affected by sanctions. Thus, a lot of Russian banks are not included into the sanction lists. Even the major Russian bank – Gazprombank – is not on the sanction list.
Accordingly, these banks which are free from sanctions must be able to carry out without problems payment transactions with the banks of the countries which imposed the sanctions.
But even though most Russian banks (approx. 95%) are not sanctioned, almost all banks of the countries which imposed the sanctions avoid settlements with them.
Not because it is prohibited by law, but due to considerations of reputation or forestalling obedience.
Therefore, respective payments can be made through assignment of receivables and the banks of the non-sanctioned countries, provided that they are not related to the persons, goods or services falling under sanctions.
The funds withheld by the banks without sufficient legal grounds must be unblocked and made available to the owner, so that he could at least transfer them to the bank account in the country which is not under sanctions.
Uzbekistan – a new market with great growth potential
Uzbekistan refers to the Asian states with arguably maximum development potential.
It is inhabited with industrious, laborious people committed to order.
It is not dependent on Russia but does not uphold sanctions against Russia.
It does not run a risk of being involved into a vortex of sanctions like the members of the Customs Union with Russia (Belarus, Kazakhstan, Armenia, Kyrgyzstan).
Such correct neutrality has a high potential for the country development:
A lot of Russian companies relocate their production to Uzbekistan because there they can easily get necessary component parts and export their products all over the world.
But there are enough arguments for investments, production and establishment of trade structures in Uzbekistan also for the companies from other countries: