On 29 May 2014, the Presidents of the Russian Federation (Russia), Republic of Belarus (Belarus) and Republic of Kazakhstan (Kazakhstan) signed the Treaty on the Eurasian Economic Union ("Treaty"), which establishes a new international regional organization, the Eurasian Economic Union ("EEU") as of 1 January 2015.
Since the adoption in 2009 by the United States of new "Buy American" provisions imposing a general requirement that publicly funded building and construction projects must use only domestically produced inputs, similar "buy national" legislation has rapidly started to emerge in many other jurisdictions worldwide.
Since Sept. 1, 2012, Russia applies an additional "utilization" duty on various vehicles imported into or manufactured within its territory. Passenger cars, commercial trucks and motor buses are all covered, with the rate of duty varying considerably depending upon a vehicle's age and the volume, size and capacity of its engine. For example, the amount of the duty can vary from approximately 50 euros for cars imported by private persons to over 150,000 euros for certain second-hand heavy trucks.