Risks associated with producing goods from Chinese raw materials

Further to instructions from a Russian light industry company, we analysed potential customs and currency risks associated with producing goods from Chinese raw materials in Ukraine on the give-and-take basis (i.e. goods were produced from the client’s raw materials). We also drafted an opinion regarding the criteria showing whether the goods produced in Ukraine have been sufficiently processed and whether this scheme allowed for the customs benefits to be applied when finished products are imported into Russia.