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…
On September 10, 2016 the Russian Government issued Decree No. 897 extending its food embargo list to include salt and sea water classified under HS code 2501 00 (i.e., “Salt (including table salt and denatured salt) and pure sodium chloride, whether or not in aqueous solution, or containing added anti-caking or free flowing agents; sea water”). The limitation should come into force on November 1, 2016.
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…