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Alexander Bychkov

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On 29 December 2018, the Russian Prime Minister signed Resolution No. 1716-83 implementing an import ban with respect to the Ukrainian goods.  The import ban was introduced within the framework of the Russian countersanctions against Ukraine adopted under Presidential Decree No. 592 dated 22 October 2018. The list of goods affected by the measure include agricultural products, raw materials, food products, industrial goods and certain personal hygiene products listed according to their names and HS classification codes. Per…

On 25 December 2018, the Russian Prime Minister signed Resolution No. 1656, which expands the list of Ukrainian individuals and legal entities subject to Russian sanctions.  The sanctions against Ukraine were initially introduced by the Russian Government on 1 November 2018 under Resolution No. 1300.  The sanctions include: (a) the blocking/ freezing of non-cash funds, non-documentary securities and property located within the Russian Federation, and (b) a ban on the transfer of money from Russia abroad. Resolution…

On November 23, 2018 the Russian Government issued Decrees No. 1403, No. 1404, No. 1405 (“Decrees”), establishing the right of Russian banks and credit institutions that fall under foreign sanctions to not disclose certain information that is normally subject to mandatory disclosure requirements. In particular, the Decrees prescribe such banks and credit institutions to provide information on its shareholders and UBOs only to the Central Bank of Russia and to give motivated explanations.  The Central…

On 22 October 2018, Russian President Vladimir Putin signed a decree calling for countersanctions against Ukraine and instructing the Russian Government to draw up a list of companies and individuals that will be subject to economic restrictions under the new measures and also a list of the respective restrictions. The decree, “On the introduction of special economic measures in connection with the unfriendly actions of Ukraine against Russian citizens and legal entities,” entered into force…