Author

Vladimir Efremov

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On May 28, 2020, the Federation Council of Russia received the Draft Bill proposing additional Russian countersanctions (“Draft”) that was approved by Russian State Duma in the second and the third readings on May 27, 2020.  This Draft passed the first reading in Russian State Duma on July 24, 2019 (see our post on this here).   The Draft has been amended since then and now proposes the following principal provisions: Unless otherwise set forth under…

On May 20, 2020 a draft bill on amendments to the Federal Law on Counter Sanctions was introduced to the Russian Parliament. The proposed amendments authorize the Government to allow importation of sanctioned goods to Russia if:  the goods constitute essential commodities that do not have analogues in Russia; and/or  the goods do have Russian analogues, but there is deficit of such goods due to particular circumstances (national emergency, high-alert regime, etc.) Sanctioned…

On 16 December 2019, the Russian Government signed Resolution No. 1685, which expanded an import ban with respect to Ukrainian goods.

The list of banned goods initially introduced by Resolution of the Russian Government No. 1716-83 dated 29 December 2018now includes cornstarch, glucose and fructose, a number of medical goods (such as medical stoppers, hot-water bags, ball syringes), radiators, central-heating boilers and waste paper.  These goods are prohibited from entering Russia if they (i) originate from Ukraine, (ii) are supplied from Ukraine, or (iii) have been in transit through the territory of Ukraine.

On August 15, 2019 the Russian President issued Decree No. 388, establishing a special record-keeping regime for ownership rights over the securities of particular issuers.  According to Decree No. 388, if a person who holds more than 1% of the issuer’s voting shares requests information about other shareholders from the registrar, the registrar provides such information excluding the information on sanctioned Russian shareholders, if any.  This would apply only if the issuer has notified the…