The Franco-Russian Chamber of Commerce and Industry (CCI France Russie) held a meeting on March 25 devoted to the impact of sanctions on Russian and foreign companies.
Skif Consulting strives to be in tune with the spirit of the times, keeping track of the most relevant developments in the world of law and economics. Exchange of experience and open discussions of any changes is a guarantee of timely and high quality services for our clients. This is proved by regular participation of our company representatives in specialized events.
One of the recent events was a business breakfast on «Sanctions: what are the consequences for Russian and foreign companies», which was attended by Dmitry Demidenko, CEO of Skif Consulting and vice-president of the Franco-Russian Chamber of Commerce and Industry, who became one of the speakers.
The agenda was the most relevant in the current environment topics: an overview of the sanctions imposed and forecasts for the future, the impact of sanctions on foreign and Russian companies, possible scenarios for cooperation with foreign companies, changes in logistics and features of customs control.
During his speech Dmitry Demidenko noted the peculiarities of the international crisis, stating that it is highly politicized and mediay. In the meantime the crisis has no direct political influence, most foreign companies decided to leave the Russian market or temporarily suspend their activity because of purely economic reasons. First of all, this was due to problems in the established mechanisms of money transfers and supply chains.
Dmitry also stated three main ways that foreign companies would follow when leaving the Russian market: the radical way in the form of renunciation of obligations and immediate cessation of activities in the Russian Federation, bankruptcy or liquidation in accordance with the current legislation, sale or transfer of business to Russian partners.




