Russia took a decision to gradually repeal foreign trade sanctions applied to Turkey. On June 30, 2016 the Russian President issued Decree No. 314 which lifted some of the sanctions imposed on Turkey. Namely the Decree (i) provides for the resumption of charter flights between Russia and Turkey, (ii) allows Russian travel agencies to sell tours to Turkey, as well as (iii) instructs the Russian Government to hold negotiations with the Government of Turkey on…
On June 29, 2016 the President of Russia Vladimir Putin signed Decree No. 305 that extended the food embargo against specifically listed types of Western – origin food products until December 31, 2017. The 1-year ban on the importation of certain agricultural and food products originating in the countries that have sanctioned Russia was first introduced in the summer of 2014. In June of 2015 the embargo was extended to be effective until August 5,…
On December 28, 2015 President Putin issued new Decree No. 669 (“Decree No. 669”) supplementing the foreign trade sanctions against Turkey that were imposed earlier by Presidential Decree No. 583, dated November 28, 2015. Pursuant to Decree No. 669, provision of certain services and performance of certain work by Russian legal entities should be prohibited or restricted, if such legal entities are controlled by Turkish persons. For the purposes of the above, control should be…
On November 28, 2015 President Putin signed Decree No. 583 “On Measures to Ensure State Security and Protection of Russian Citizens from Criminal and Other Unlawful Actions and on Application of Special Economic Measures in relation to the Republic of Turkey”. Decree 583 announces a number of temporary restrictive measures (although this period is not defined) in the sphere of Russian – Turkish economic relations, as follows: Introduces an import ban on certain Turkish-origin products…