Consulting in Risk Management in Russia and the Eurasian Economic Union: definitions

A "potential hazard, more or less predictable, inherent in a situation or activity" is a risk. In law it is the possibility of a future event, uncertain or indefinite term, do not depend exclusively on the willingness of the parties and may cause the loss of an object or other damage. Here is the source of the comprehensive insurance, but zero risk does not exist. However, the risk refers to the hazard, danger, threat, peril. So how then to avoid, to reduce, to eliminate it? How to manageour business, personal and social issues?

Such questions exist for any business, risk management focuses on identifying the risks (i.e. what it has for its sustainability, its resources, its property) which exist for the assets of thecompany, its values in a broad sense, including, and perhaps even primarily, on its staff.There are generally two categories of assets: financial and nonfinancial.
Business leaders are responsible for making their use sustainable (balance of charges and resources) even for developing it (resources in excess of expenses = wealth production).The result will allow them to survive (null result) or even to ensure sustainability while developing them (positive result).
Beyond the financial risk management and spread of financial / non-financial risks, in-depth analysis of business risks requires an extended monitoring that can be likened to economic intelligence.This prevention of risks which impacts the assets leads to establish a risk matrix with targeted monitoring each time for each type of risk (political, legal, social, environmental, etc..).

The phenomenon of cause and effect is more difficult to analyze with the systemic effect that can now submit financial globalization and open or globalized economy.

Strategies of risk management


The activity being at risk, we will not do it. From the perspective of policymakers, this strategy is the least risky and cheapest, but it is an obstacle to business development.Moreover, most of the time, it shifts the risk of other companies, or it postpones them. If the risk is likely to become major, avoidance is not a responsible attitude.


The risk is accepted and we will contract insurance if you want to transfer it or redund it in the accounts of the company for the purpose of reducing financial risks which will not reduce any legal risks of the manager. This approach does not protect staff nor production tools and any desire to reduce the risk becomes apparent.

Risk reduction:

Risk monitoring and identification by the audit, analysis by research of risk factors and vulnerabilities, risk control by protective and preventive measures: this is the traditional approach to risk management.


As for finance, risk transfer is established when that insurance or other forms of financial hedging or financial security is contracted by the manager who faces the risk. These guarantees are not exhaustive to cover the economic and financial risk. In case of criminal risk taken by the manager, this transfer can be nullified.
As for operation and economy, this transfer occurs when the firm outsources activity at risk in one form or another (direct, cascade sub-contracting, co-contracting, or outsourcing) a serious and qualified subcontractor may be paid a lot for his performance but also show that he manages risks better for the same price or less, and the use of an unqualified or dismissive subcontractor of the risk will be at a greater risk.

Your status:

  • You are a supplier of products / equipment to french equipment integrator
  • You are an exporter of equipment in Russia to a Russian customer
  • You are a manufacturer
  • You are integrator
  • You are exporter
  • You are a manufacturer & exporter
  •  You are exporter & integrator

Your obligations:

  • Equipment / products should comply with the requirements of Russian national certification
  • Specific authorizations are required to launch industrial projects.

Main regulatory risks in the Russian market, CIS and EEU

Technical risks: 

  • Failure to comply with specifications
  • Non-conformity of equipment / products to meet local standards
  • Non-compliance with specific safety and security of RTN
  • Incomplete technical file (technical passports, installation instructions etc.)

Financial risks:

  • Payment terms related to the provision of Russian certificates / authorizations
  • Penalties of blocking on Russian customs due to the delay in the provision of GOST R certificates, mandatory TR

Business risks:

  • Impossible customs clearance due to the absence of Russian certificates GOST R which are compulsory to enter Russian territory
  • impossible putting into service because of the absence of regulatory documents (GOST R, RTN Permits, Technical passports etc.)
etc ...

Specific actions in risk management on the Russian, CIS and EEU market

Technical Risks

Solutions developed and proposed by CCIS-Expertise:

  • Verification of specifications
  • Definition of the list of necessary certifications / approvals / permissions by qualified experts
  • Advice on compliance of equipment / products to meet local standards
  • Verification of compliance with safety requirements and RTN specific safety
  • Implementation of tests GOST R & RTN
  • Review of the technical file RTN (presence of all the elements required)
  • GOST R certification, tr (in French territory)
  • Expertise of technical file for obtaining the RTN Permit
  • Conducting audits GOST R, TR
  • Assistance during audits RTN

Financial Risks

Solutions developed and proposed by CCIS-Expertise:

  • Proofreading of the supply contract: eg payment terms related to the provision of Russian certificates / authorizations
  • Proofreading of the supply contract: eg issuance of letters of exemption for equipment which is not on the list of products subject to mandatory certification
  • Proofreading of the supply contract: eg avoidance of issue of "duplicate" certificates and maximum grouping of equipment into a single certificate GOST R
  • The adequacy of insurance certificates GOST R issued in accordance with Russian customs requirements as well as Russian customer to avoid the penalties of blocking Russian customs or late payment 

Administrative risks

Solutions developed and proposed by CCIS-Expertise:

  • Customs clearance without delay through the use of WORK FLOW Diagram for the management of certifications / approvals have fixed dates for obtaining regulatory documents (GOST R certificates / TR mandatory letters of exemption...)
  • Commissioning on schedule through the use of WORK FLOW Diagram for managing approvals for putting into service with fixed dates for obtaining permits to put into service (GOST R certificates / TR,RTN permits, passports technical, metrological certificates ...)
  • Detailed WORK FLOW Diagram ensures compliance with all steps of assembly / test / controls
  • Perfect agreement between statutory deadlines for obtaining regulatory documentation and contractual requirements

External Risks

Solutions developed and proposed by CCIS-Expertise:

  • Establishment of regulatory monitoring device for the Russian authorities
  • Implementation of the communication device on changes to current Russian regulatory procedures for all project participants
  • Support requests (consulting, certification ...) from subcontractors involved in the export project
  • Checking the validity of regulatory documents (certificates, authorization ...) provided by subcontractors
  • Monitoring of changes during the project (equipment manufacturers, building codes ...) about the current Russian regulatory procedures
  • WORK FLOW Diagram of flexibility towards changes in project deadlines