On 2 December 2021, the Supreme Court of Russia (“Supreme Court”) ruled that Russian entities are not obliged to prove limited access to justice in foreign arbitration in order to refer disputes to Russian state arbitrazh courts. The mere fact that such Russian entities are subject to any sanctions should be enough for that purpose. The Supreme Court stressed the following: Any sanctions imposed on a Russia entity already give rise to justifiable doubts as…
On July 28, 2020, in the State Duma of Russia was introduced the Draft Bill No. 996800 proposing additional Russian countersanctions (“Draft”). The Draft proposes to introduce amendments to the Federal law No. 281-FZ dated December 30, 2006 “On special economic measures and coercive actions” that sets forth the legal framework for the Russian countersanctions regime. The Draft proposes the following principal provisions: Application of the restrictive measures to the entities controlled by the sanctioned persons.Ā These…
On June 20, 2019, the Russian Prime Minister signed Resolution No. 787-31, introducing changes to Governmental Decree No. 1716-83 dated December 29, 2018 that implemented anĀ import ban with respect to Ukrainian goods (please refer to our previous blog posts of January 18, 2019Ā and April 23, 2019).
The Russian government is preparing to introduce new counter-measures in response to US and EU sanctions. Draft Bill on Russian Countermeasures Last week the State Duma decided to amend DraftĀ Bill No.Ā 441399-7 āOn Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign Statesā (āDraft on Countermeasuresā). As opposed to the initial version of the Draft on Countermeasures, the new version proposes the following five measures: Termination or suspension of international cooperation…