Ukraine Wins in a $3 billion Lawsuit over a Eurobond Default In a recent legal development, Ukraine has won in a lawsuit filed against it by Russia in the… 16 March 2023 Read More
Russia Proposes to Suspend Tax Agreements with “Hostile” States The Ministry of Finance and the Ministry of Foreign Affairs of the Russian Federation have recently proposed the… 15 March 2023 Read More
OFAC, BIS, and US Munitions List: a Practical Guide of Sanctions Complia... On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued a huge update of their… 8 March 2023 Read More
OFAC and BIS: a Detailed Comparison of Sanctions Regime On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued an amended Specially Designated Nationals… 2 March 2023 Read More
EU Introduces the 10th Package of Sanctions Against Russia On February 24, 2022, the European Council has announced its 10th package of sanctions against Russia. This package… 27 February 2023 Read More
The UK Updates its Russian Sanctions List On February 24, 2023, the UK Office of Financial Sanctions Implementation of the Treasure has updated its Russian… 26 February 2023 Read More
OFAC Updated its SDN list, issues new General Licenses, a new Determinat... On August 24, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed… 26 February 2023 Read More
Financial Action Task Force (FATF) Excludes Russia from the Organization On February 24, 2023, the Financial Action Task Force (FATF), a Paris-based intergovernmental body that sets anti-money-laundering law… 24 February 2023 Read More
OFAC and BIS Provide Clarification on the Expanded List of Sanctioned In... On June 28, 2022, the US Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau… 24 February 2023 Read More
Russia was Added to the Amended European Black List of Countries for Tax... At February 14, 2022, the European Council has updated its so-called Black List of ‘non-cooperative jurisdictions for tax… 14 February 2023 Read More
US Court Allows Forfeiture of Assets that Belong to a Sanctioned Russian... In April, 2022, the European Council has announced its “freeze and seize” legislative initiative and formed a so-called… 6 February 2023 Read More
The EU Caps Purchase Price of Russian Oil and Gas Products, Effective Fe... The European Union has imposed a limited ban and a purchase price cap on the import and transport… 5 February 2023 Read More
British High Court Authorizes Money Judgement in Favor of a Bank Subject... In a recent judgment, British High Court of Justice ruled on an application for a stay and discharge… 29 January 2023 Read More
Russia approves legislation allowing Russian legal entities affiliated w... January 17, 2023, Russian President has signed an Executive Order No. 16 “On Provisional Measures applied in the… 26 January 2023 Read More
Supreme Court of Russia has issued a decision on status of a person̵... December 22, 2022, the Supreme Court of Russian has resolved an issue of whether spouses should be deemed… 28 December 2022 Read More
European Council clarifies its prohibition on providing legal services Earlier, following the updated Art. 5n of Council Regulation 833/2014, it was prohibited to provide “legal advisory services”… 26 December 2022 Read More
National Settlement Depository to obtained a license from Ministry of Fi... December 22, 2022, Russian National Settlement Depository, the main depository of foreign securities in Russia, previously sanctioned by… 22 December 2022 Read More
OFAC updates General Licences related to agricultural commodities, medic... December 21, 2022, OFAC has added and revised several general licenses and authorizations issued earlier[1]. The new licenses… 22 December 2022 Read More
Russian State Duma has prohibited to transfer collected debt money to cr... December 20, 2022, Russian Duma (lower chamber of Russian Parliament) has adopted a new bill No. 155721-8[1] amending… 21 December 2022 Read More
Luxembourg has issued a General Authorization allowing to unblock the as... December 20, 2022, Luxembourg Ministry of Finance has authorized[1] (“General Authorization”) a release of funds held by currently… 20 December 2022 Read More
EU Adopts 9th package of sanctions against Russia December 16, the EU has adopted the 9th package of sanctions[1] against Russia due to its actions against… 16 December 2022 Read More
Russian authorities have determined criteria for foreign companies’ Russ... According to the draft of Minutes of meeting of Russian Governmental Commission for Overseeing of International Investments, December… 14 December 2022 Read More
Russian Federal Tax Service excluded Switzerland and Cayman Islands from... December 5, 2022, Russian Federal Tax Service (“FTS”) has updated its Order No. ЕД-7-17/[email protected][1] dated October 28, 2022 On… 6 December 2022 Read More
Russian emergency legislation imposing restrictions on certain transacti... The validity of the restrictions imposed by Executive Order of the Russian President No. 126 dated March 18,… 6 December 2022 Read More
