Manufacturing in Russia: trap or chance?

Welcome at Manufacturing in Russia!
We are an online expert community, dedicated to the questions of establishing and efficiently managing business in Russia.
Since Russia offers a pretty attractive production site, the trend of shifting manufacturing facilities there is clear. However difficult legal environment, varying accounting and reporting principles, formal orientation of many rules and regulations and overall lack of transparency make many companies seriously doubt, whether they should go for this option.
Is manufacturing in Russia a chance or a trap?
The goal of this community is to provide an answer to this question.

Community
The regulative environment, especially in the areas of accounting, taxation and reporting in Russia changes quickly
Formal orientation of Russian accounting standards requires significant resources for local regulative reporting
Local accounting and reporting principles require adaptation of global business processes and, correspondingly, in business software
Russian business software market is very specific and dominated by local vendors, such as 1C company
The regulative environment, especially in the areas of accounting, taxation and reporting in Russia changes quickly
Formal orientation of Russian accounting standards requires significant resources for local regulative reporting
Local accounting and reporting principles require adaptation of global business processes and, correspondingly, in business software
Russian business software market is very specific and dominated by local vendors, such as 1C company
The regulative environment, especially in the areas of accounting, taxation and reporting in Russia changes quickly
Formal orientation of Russian accounting standards requires significant resources for local regulative reporting
Local accounting and reporting principles require adaptation of global business processes and, correspondingly, in business software
Russian business software market is very specific and dominated by local vendors, such as 1C company
The regulative environment, especially in the areas of accounting, taxation and reporting in Russia changes quickly
Formal orientation of Russian accounting standards requires significant resources for local regulative reporting
Local accounting and reporting principles require adaptation of global business processes and, correspondingly, in business software
Russian business software market is very specific and dominated by local vendors, such as 1C company

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