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Impact of sanctions on debt capital markets transactions
The webinar will cover the impact of sanctions on debt capital markets transactions.
Russian court holds sanctions clause to be valid and enforceable
The Moscow District Arbitrazh Court upheld the position of the lower courts in relation to the validity and enforceability of the sanctions clause. Read further in our legal update on the relevance of the case and the court’s findings.
Restrictions on importing iron and steel products into the EU, UK and Switzerland
On 30 September 2023, new restrictions on importing iron and steel products of Russian origin into the European Union and the United Kingdom entered into force. Read more in our legal update.
Suspension of certain provisions of DTTs with unfriendly states
As of 8 August, Presidential Decree No. 585 suspends certain provisions of double taxation treaties with unfriendly countries (as well as Protocols thereto, which clarify a number of provisions of the DTTs and form an integral part of such treaties). Read further in our legal update.
Law signed on blocking assets of foreign persons under Russian sanctions
On 4 August 2023, the President of the Russian Federation signed Federal Law No. 422-FZ “On Amending Certain Legislative Acts of the Russian Federation” that suggests blocking (freezing) the assets of foreign persons against whom Russian special economic measures (sanctions) have been introduced. It also introduces the notion of a “blocked person” and expands the list of restrictions applicable to foreign states, organisations and nationals.
Restrictions on transactions performed with entities of unfriendly” states
On 8 September 2022, Decree. No. 618 of the President of the Russian Federation “On the special procedure for carrying out (performing) certain types of transactions (operations) between certain entities”
was signed and entered into force.