Vladimir Efremov


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…

The Russian State Duma is considering amendments to Federal Law “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (“Law on Countersanctions“) dated June 4, 2018.

On July 24, 2019, Draft Bill proposing additional Russian countersanctions (“Draft“) was approved by the Russian State Duma in the first reading.  The amendments to the Draft will be presented till August 22, 2019.  The second reading of the Draft has not been scheduled yet.

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…