Russia is in the midst of strategically overhauling its economy, seeking to modernize its business methods, “de-offshore” business interests and impose stricter constraints on foreign investors and multinationals operating within its borders. At the same time, key jurisdictions are imposing their own limits on Russia. If your company does business in Russia, or if you have business relationships related to Russia, these changes affect you.
DLA Piper is reporting on these developments as they happen. See our coverage and find out what these dramatic changes mean for your business.
A new Russian media law introduces rigorous limitations on the ability of foreign entities to own, control or run Russian media businesses. Find out about navigating the new Russian media law.
Russia’s “de-offshorization” law will have a powerful impact on business operations and their tax concerns, touching a broad swathe of companies as well as the individuals who operate them.
Starting in September 2016, all personal data operators will be required to store and process any personal data of Russian individuals on databases located in Russia. Wherever your website originates, if your business reaches inside Russia, these rules matter.
Changes to Russia’s Civil Code, now in effect, will ultimately touch all Russian legal entities and the individuals, shareholders and counterparties – wherever they reside – that may control them.
The European Union recently imposed a new round of sanctions – asset freezes and travel bans – against both Russians individuals and entities – banks and oil companies among them. See what these sanctions mean for EU businesses, as well as non-EU persons.
US companies and US persons with business relationships related to Russia are taking note of the US Treasury’s OFAC sanctions targeting certain Russian banks, energy and defense companies.