Disputing a pledge agreement over property pledged as collateral for a l... On May 25, 2023, the Supreme Court of the Russian Federation (hereinafter – the SC) clarified in its… Read More
Russia lists nonfriendly Western countries as offshore With effect from July 1, 2023, the Ministry of Finance of the Russian Federation by its decree expands… Read More
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… Read More
Russia Proposes to Suspend Tax Agreements with nonfriendly States The Ministry of Finance and the Ministry of Foreign Affairs of the Russian Federation have recently proposed the… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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… 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”… 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… 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… 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… 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… 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… 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… Read More
