Russian companies working in Ukraine often come into conflict with law-enforcement and fiscal structures of the country, the head of the economic policy group of the Russian Embassy in Ukraine, Alexei Urin, has said.
In a comment to the Dzerkalo Tyzhnia Newspaper (ZN.UA), Urin said that Russian business had invested much money into the Ukrainian economy and was creating jobs and paying taxes to the country’s budget, and therefore was interested in protection of its investments. However, a number of companies have complaints about VAT refund, advance profit tax collections, and overestimation of customs value of imported goods, he said.
"Another problem is court rulings, which often dismiss Russian credit institutions’ legal complaints and take the side of dishonest debtors. The judicial approval of non-repayment of loans to banks with Russian capital is common practice, which, of course, makes it difficult to credit Ukrainian companies. Due to the high bank risks, honest entrepreneurs cannot rely on cheap credit, and it hits the economy in general," Urin said.
"Ukraine’s investment and political image do not benefit from such conflicts. I am confident that the Russian and Ukrainian businesses and our states at large are interested in a peaceful, non-judicial resolution of conflicts, which are arising," the diplomat said.
