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Russia introduces ruble-based payment procedure for IP related contracts

Russia - May 30 2022 On 27 May 2022, the Russian President adopted Decree No. 322 “On the temporary procedure for the performance of obligations to certain creditors”…

Vladimir Efremov

Russia imposes blocking sanctions on foreign energy companies

Russia - May 12 2022 On May 11, 2022, the Russian Government adopted Decree No. 851 “On measures to implement Presidential Decree No. 252 dated May 3, 2022” (“Decree No…

Vladimir Efremov, Maxim Kuznechenkov

Russia partially legalizes parallel imports

Russia - May 6 2022 On May 6, 2022, the Russian Ministry of Industry and Trade has set the list of products and product categories for which parallel imports into Russia…

Vladimir Efremov, Denis I. Khabarov, Yuri Yakhin

New Russian Presidential Decree imposes new restrictions on distribution of profits and introduces certain clarifications to the existing limitations

Russia - May 5 2022 On May 4, 2022, Russian President adopted Decree No. 254 “On interim procedures for the fulfilment of corporate finance obligations towards certain…

Vladimir Efremov

New Russian legal framework for blocking sanctions prohibiting: (i) Russian persons from entering transactions with designated persons; and (ii) the export of certain Russian items in favour of sanctioned persons

Russia - May 4 2022 On 3 May, President Putin signed Decree No. 252 on Russian countersanctions against individuals and entities of the countries which have imposed…

Vladimir Efremov