Trade bloc with a common customs policy and regulations comprised of EACU members with common customs borders and a common customs policy and regulations.

Standardised system of names and numbers to classify goods in EACU based on the Harmonised System developed by the WTO and used in the EU used for customs classification.

The territory of EACU members including exterritorial artificial islands, installations, constructions and other objects over which EACU members have exclusive jurisdiction.

Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus.

Limited proprietary right to use a neighbouring land plot (e.g. right of way, the laying of pipes or transmission lines, the disposal of sewage etc.)

Contract concluded between an employer and an employee for performance of job functions, which must contain obligatory provisions set forth in the Russian Labour Code. Employment contracts may be concluded for either an indefinite or fixed term (i.e. fixed-term employment contracts).

Indirect tax levied on mass-consumption products, such as tobacco, alcohol, petrol etc.

Right of owners of buildings and structures located on land plots owned by the state or by a municipality to acquire the underlying land plots either into ownership or lease.

Customs procedure under which goods are exported from the EACU customs territory.

Taking of land by state or municipality authorities with compensation to the owner for the land plot.  

Optional stage of insolvency proceedings aimed at restoring the debtor to financial health, which includes an appointment by court of an external administrator, whose primary aim is to conduct an inventory of assets and prepare a plan for restoring solvency. The debtor’s management is dismissed.