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 an import ban with respect to Ukrainian goods (please refer to our previous blog posts of January 18, 2019 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 Draft Bill No. 441399-7 “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (“Draft on Countermeasures”). 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…
Russian lawmakers have proposed a draft bill which if adopted could result in severe repercussions for almost all economic activity by foreign companies in Russia. On Friday, 13 April 2018 the leaders of all the parties represented in the Russian Parliament introduced Draft Bill No. 441399-7 “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States” (the “Draft”). The Draft provides for the following measures: Prohibition or restriction on the…
On May 31, 2017 the Russian President signed a Decree on repeal of a number of foreign trade measures against Turkey (“Decree”). The Decree repeals the following prohibitions: Prohibition to provide certain services and the perform certain types of works by Turkish companies, or companies controlled by Turkish persons. Particularly, the prohibition applied to construction of buildings, engineering installations and specialized construction works; activities in the sphere of architecture, design and engineering; technical tests, research and…