Russian lawmakers have proposed a draft bill which if adopted could result in severe repercussions for almost all economic activity by foreign companies in Russia. On Friday, 13 April 2018 the leaders of all the parties represented in the Russian Parliament introduced Draft Bill No. 441399-7 “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (the “Draft”). The Draft provides for the following measures: Prohibition or restriction on the…
On May 31, 2017 the Russian President signed a Decree on repeal of a number of foreign trade measures against Turkey (“Decree”). The Decree repeals the following prohibitions: Prohibition to provide certain services and the perform certain types of works by Turkish companies, or companies controlled by Turkish persons. Particularly, the prohibition applied to construction of buildings, engineering installations and specialized construction works; activities in the sphere of architecture, design and engineering; technical tests, research and…
The Service on the Surveillance for Consumer Rights Protection and Human Well-Being of the Russian Federation has published today a draft law (the “Bill“) on the introduction of amendments into the Russian Code on Administrative Violations.
On December 29, 2016, the US government announced several measures in response to the Russian government’s alleged “aggressive harassment of U.S. officials and cyber operations aimed at the U.S. election.” The measures impose sanctions against nine Russian parties, including the Russian Federal Security Service (“FSS” or “FSB”). In addition, the US government announced the expulsion of 35 Russian diplomats from the United States and the closing of two US properties for their alleged intelligence operations. As a result of the sanctions, US companies will now likely require US government authorization prior to dealing with the FSB, which can include submissions to or the receipt of approvals from the FSB to market or distribute certain encryption products in Russia or participation in certain other regulatory actions before the FSB.