Author

Vladimir Efremov

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On February 28, 2022, Russian civil aviation authority (“Rosaviation”) in response to the European states’ ban on flights of civil aircraft operated by Russian air carriers and/or registered in Russia imposed a restriction on flights of air carriers of 36 states. The ban covers aircrafts registered in the following states: AustriaAlbaniaAnguillaBelgiumBulgariaBritish Virgin IslandsGreat BritainHungaryGermanyGibraltarGreeceDenmarkGreenlandFaroe IslandsJerseyIrelandIcelandSpainItalyCanadaCyprusLatviaLithuaniaLuxembourgMaltaNetherlandsNorwayPolandPortugalRomaniaSlovakiaSloveniaFinlandFranceCroatiaCzech RepublicSwedenEstonia

Russian President Vladimir Putin signed a decree on retaliatory economic measures against the US and other countries affiliated with them in connection with Western sanctions imposed on Russia. In brief, the new Russian retaliatory measures include the following: Russian exporters starting from February 28, 2022 are obliged to sell 80 % of foreign currency received from foreign trade contracts and obliged to sell 80 % of foreign currency credited from January 1, 2022Russian residents are…

On 25 February 2022, Dmitry Medvedev, the ex-President of Russia and now the Deputy Chairman of the Russia’s Security Council, announced that in response to Western sanctions Russia may start seizing funds of foreign companies and individuals and nationalize assets of Western companies. These measures may be introduced against nationals and companies of any foreign state which starts confiscating and seizing money and other property of Russians located on its territory. Over the last three…

On 28 January 2022, the Russian Ministry of Foreign Affairs (“Russian MFA”) notified the representative office of the European Union about the expansion of the list of representatives of EU member states and institutions prohibited from entering the territory of the Russian Federation. The names of the banned persons did not become public. No economic sanctions have been imposed against them. This sanction has been imposed on: Executives of several European private military companiesRepresentatives of…