Russia (RU)

Jurisdiction Overview

418 *Freeports: Are freeports/free trade zones/foreign trade zones/bonded warehouses promoted as places to store valuable assets (e.g. gold bullion, art, precious stones, jewelry, cash, antiquities, wines, cigars, cars)? Yes
 Data Date: 2019


Russia operates free ports and bonded warehouses in its territory. Private actors where found to promote the use of bonded facilities for the storage of high value assets. On the website of the Ministry for the Development of the Russian Far East, the Free Port of Vladivostok is promoted for its "Duty-free and tax-exempt regime of free customs zone for residents" and in particular, "Import, storage, consumption (use) of foreign goods" (