On 25 December 2018, the Russian Government adopted the Resolution No. 1656 "On amending Resolution of the Government of the Russian Federation of 1 November 2018, No. 1300" ("Resolution") extending the lists of Ukrainian citizens (from 322 to 567 individuals) and legal entities (from 68 to 75 entities) on which the special economic measures are imposed ("Restricted Persons"). Please see our initial client alert here for more details on the special economic measures imposed on 1 November 2018. The Resolution does not amend the initially introduced special economic measures. The Resolution took effect from the day of its official publication, i.e. on 25 December 2018.

The full text of the Resolution in Russian is published on the official website of the Russian Government. Please also see its unofficial English translation here. For your convenience please also see the redline of the new version of the Restricted Persons lists against the initial version in Russian and in English.

We continue to monitor the situation closely and will update you on any developments accordingly.