Insights
Insights
legal updates
02 / 06 / 2025
On 20 May 2025, the European Union (“EU”) and the United Kingdom (“UK”) announced new coordinated sanctions targeting Russia. Among the key sectors of the economy affected by the sanctions are the energy and military sectors. Our team summarises the main new introductions of the 17th EU sanctions package and UK sanctions in this legal update.
legal updates
15 / 05 / 2025
On 14 May 2025, the Council of the EU published Council Decision (CFSP) 2025/904, which added the criteria for imposing EU blocking sanctions and significantly changed the proof process in cases of sanctions challenges by leading Russian businesspersons.
legal updates
15 / 04 / 2025
In response to the exodus of foreign companies from the Russian market and the subsequent discussion of their possible return, the State Duma has introduced two interrelated draft laws, No. 879837-8 and No. 879812-8 , aimed, as lawmakers suggest, at protecting the domestic market and supporting domestic business.
legal updates
03 / 03 / 2025
On 28 February 2025, a federal law amending the Federal Law “On Personal Data” was published. The amendments will enter into force on 1 July 2025 and tighten the requirements for the localisation of personal data of citizens of the Russian Federation. In addition, based on the amendments, localisation requirements now apply not only to operators, but also to “processors” (persons processing personal data as instructed).
legal updates
28 / 02 / 2025
On 24 February 2025, legal acts formalising the 16th package of European Union restrictive measures (sanctions) agains Russia. Read further in our legal update.
legal updates
26 / 02 / 2025
The Russian Ministry of Finance has published a new letter on the issue of including dividends in the customs value of goods. Although many foreign economic activity participants were expecting clarifications that would help eliminate contradictions in the current practice, the Ministry’s new position leaves more questions than answers. Read about the key conclusions of the Ministry of Finance, their potential impact on law enforcement practice and further prospects of regulation in our team’s overview.
legal updates
26 / 02 / 2025
On 24 February 2025, the United Kingdom announced new blocking sanctions targeting more than 100 Russian and foreign individuals and legal entities, as well as ships that are part of Russia’s so-called “shadow fleet.” Our team summarised the most significant designations in their legal update.
legal updates
11 / 02 / 2025
Effective 1 January 2025, the Singapore International Arbitration Centre has new arbitration rules that apply to arbitrations that commence on (or after) 1 January 2025, unless an arbitration clause specifies the application of the SIAC Rules in a particular wording.
legal updates
29 / 01 / 2025
In January 2025, the Russian Ministry of Finance published an Extract from minutes of the meeting of the subcommittee of the Government Commission on Monitoring Foreign Investment in Russia No. 121/4, according to which residents, including Russian depositories, are permitted to carry out transactions involving foreign securities with “unfriendly” non-residents if, as a result of such transactions, the foreign securities will be debited from the account of Non-Banking Credit Organisation Joint Stock Company National Settlement Depository (“NSD”) opened by the NSD with a foreign depository.
legal updates
14 / 01 / 2025
On 10 January 2025, the US Department of the Treasury announced a significant expansion of sanctions on the Russian energy sector. The most significant changes are summarised in our legal update.
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