Sanctions against Russia. Recent Developments (9 August update)

On 21 July 2022, Council of the EU adopted a seventh package of sanctions targeting Russia. The new package establishes new bans and exemptions for sectoral sanctions. It also targets new persons and entities, including Sberbank. Additionally, the US expanded their individual sanctions. Below is an overview of the latest sanctions. For more information on […]

Moscow Desk

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Russian counter measures : recent developments (update July 12, 2022)

Russia has adopted a series of new measures. Namely, the President and the Government introduced new measures that mainly facilitate operations involving foreign currency. Laws on legalization of parallel importation and on additional powers of the President became effective. Certain legal initiatives were rejected or put on hold. Specifically, the review of the draft law […]

Paris, Moscow Desk

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Sanctions against Russia. Recent developments.

On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. On 24 February 2022 President Putin announced a “special military operation” in Ukraine. Sanctions were adopted against Russia further to these actions of Russia (please see our previous […]

Moscow Desk

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Russian counter measures : recent developments (update May 3, 2022)

Today, the President signed a new order introducing certain restrictions on transactions involving sanctioned persons. The order does not provide for a list of such targeted persons – the Government is to prepare a list within ten days. Moreover, Russia proposed several legal initiatives countering introduced sanctions. Such initiatives include criminal liability for compliance with […]

Paris, Moscow Desk

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Russian counter measures. Recent developments (13 April updates)

The initial legal initiative on external administration of the foreign companies (also known as the “nationalization draft law”) has been put on hold, according to an information published on 11 April 2022 by Izvestia. 1 Three sources in the Government confirmed that, “since most of the companies only made declarations of suspension or suspended their […]

Moscow Desk

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Russian counter measures. Recent developments (7 April updates)

Russia has adopted a number of measures in response to sanctions introduced by the US, EU and other states. The measures are mainly established in the presidential and governmental decrees, as well as certain legal initiatives (please refer to Legal Alerts dated 2 March and 11 March for more information on the previously introduced measures). […]

Moscow Desk

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Sanctions against Russia, recent developments (updated 22 march)

On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. On 24 February 2022 President Putin announced a “special military operation” in Ukraine. Sanctions were adopted against Russia further to these actions of Russia (please see our legal […]

Moscow Desk

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Monthly legal update – March 2022

Sommaire : The program of the evacuation of enterprises from the war zones to western Ukraine The extension of deadlines for submission of tax, financial and other reports Organization of employment relations during martial law Amendments to the tax code of Ukraine Certain issues of state registration during martial law On guaranteeing protection of the […]

Kyiv

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Russian counter measures. Recent developments – 03/10/2022

Russia has adopted three rounds of measures in response to sanctions introduced by the US, EU and other states. The measures are mainly established in the presidential decrees, particularly, Decree No. 95 dated 5 March 2022 “On Temporary Procedure for the Discharge of Obligations Towards Certain Foreign Creditors” (please refer to Legal Alert dated 2 […]

Moscow Desk

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Sanctions against Russia: recent development (March 2nd updates)

On 22 February 2022 Russian President Vladimir Putin signed laws ratifying agreements with the Donetsk and Luhansk People’s Republics (DNR and LNR) recognizing them as independent states. On 24 February 2022 President Putin announced a “special military operation” in Ukraine. Sanctions were adopted against Russia further to these actions of Russia (please see our legal […]

Moscow Desk

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