Author

Vladimir Efremov

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Russia has introduced additional sanctions against Ukraine, including banning the export of oil and oil products. Governmental Resolution No. 460-25, adopted on 18 April 2019 with immediate effect, sets out the following new Russian sanctions on Ukraine: Further extends the list of banned imports introduced by Resolution No. 1716-83. The list, which initially included agricultural products, raw materials, food products, industrial goods and certain personal hygiene products, now also covers certain engineering products, light industry…

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…