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Sergei Voitishkin

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On 8 April 2022, a draft bill on nationalization of assets belonging to persons associated with “unfriendly” states (“Bill”) was submitted to the Russian State Duma. The Bill defines persons associated with “unfriendly” states very broadly to include foreign citizens and legal entities, their beneficiaries, affiliates and persons under their control. The Bill allows nationalization of all kinds of assets owned by such persons as of 24 February 2022 and located within Russia, including real…

On 4 June 2018, President Putin signed the Federal Law “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (the “Law on Countersanctions”). The Law on Countersanctions entered into force on the date of its publication (i.e., on 4 June 2018). Specifically, the Law on Countersanctions includes the following potential countermeasures: Suspension or termination of international cooperation of Russia and Russian legal entities with (i) unamicable states, (ii)…

Draft Bill on Russian Countermeasures On May 17, 2018 Draft Bill No. 441399-7 “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and other Foreign States” (“Draft on Countermeasures”) was approved by the State Duma of the Russian Federation in the second reading. The scope of the proposed countermeasures remained unchanged. For more details, please see our blog post of May 14, 2018. According to preliminary information, the third reading of the…

The Russian government is preparing to introduce new counter-measures in response to US and EU sanctions. Draft Bill on Russian Countermeasures Last week the State Duma decided to amend Draft Bill No. 441399-7 “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (“Draft on Countermeasures”). As opposed to the initial version of the Draft on Countermeasures, the new version proposes the following five measures: Termination or suspension of international cooperation…