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Alexander Bychkov

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The unprecedented level of sanctions imposed on Russia from jurisdictions around the world, as well as Russian counter-sanctions, has required multinational businesses in Russia to act swiftly in ensuring they remain compliant and, in many cases, has led to the cessation of Russian operations altogether.For months our Baker McKenzie team in Russia alongside our global team has been at the forefront of advising clients from across industries and regions on these issues. During our last webinar,…

On 27 May 2022, the Russian President adopted Decree No. 322 “On the temporary procedure for the performance of obligations to certain creditors” (“Decree”). According to the Decree, Russian persons (comprising the Russian state, regional state authorities, municipalities and Russian residents) are instructed to make payments for the use of intellectual property to foreign IP right holders (including penalties, fines and other payments) by transferring funds in rubles to a special O-type bank account opened…

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. 851”). Decree No. 851: (i) introduced the list of designated persons; and (ii) supplemented the list of prohibited transactions with designated persons. The list of designated persons includes 31 energy companies incorporated in the EU, the US, the UK, Singapore and Switzerland. Notably, most of the designated persons are members…

The text of a draft bill criminalizing compliance with anti-Russian sanctions started circulating via unofficial sources on April 5, 2022. According to the media, it was submitted to the Russian State Duma (lower chamber of Parliament) on April 4, 2022. Currently, Article 201 of the Russian Criminal Code “Abuse of Authority” provides for liability of executives of companies who (a) use their authority against the company‚Äôs interests and (b) receive personal gains for themselves or…