Eurasia's megamarkets Russia Business

Today Russia is a market economy with a sound legal framework. The Tax Code is favorable to citizens and businesses; it has given Russia the lowest tax rate among industrialized economies: flat personal tax rate of 13% and corporate tax at 21%. The Customs Code is in line with those of Russia‘s major trading partners. Corporate governance in Russia is more rigorous. Most M&A deals are in the oil and gas sector (58%), followed by the metals and mining (13%) and telecommunications (10%) sectors. Private equity and venture capital backed by state funding play an increasing role in M&A deals due to the growing demand for investment capital.