US Court Allows Forfeiture of Assets that Belong to a Sanctioned Russian... A U.S. District Judge has ruled that $5.4 million belonging to a sanctioned Russian businessman may be confiscated… 2 February 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
Gazprombank (Russia) will cease processing transactions in USD January 2023. Gazprombank (Russia) was notified by two major US banks, JPMorgan Chase, and Bank of New York… 24 January 2023 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
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
EU Adopts Directive on 15% minimal taxation imposed on big business, fol... December 12, 2022, the Council of European Union has agreed on a Directive on ensuring a global minimum… 13 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
The RF sanctions foreign energy companies The RF enacted Decree No. 851 on May 11th, 2022 “On measures to implement Presidential Decree No. 252… 11 May 2022 Read More
The US imposed restrictions on corporate management services to Russian ... On the 8th of May 2022, the United States adopted a new sanctions package against the Russian Federation… 9 May 2022 Read More
OFAC issued new Russia-related general licenses OFAC issued two revised general licenses and three new general licenses with relation to Russia on May 2nd… 6 May 2022 Read More
The UK declares a ban on services exports to the RF The UK government announced new prohibitions on exports of several types of services to Russia on May 4th,… 5 May 2022 Read More
The RF publishes a new Presidential Decree which restricts distribution ... RF President Vladimir Putin signed Decree No. 254 on May 4th, 2022 “On interval procedures for the fulfilment… 4 May 2022 Read More
The RF enacts a new Decree imposing retaliatory sanctions The RF has enacted the Decree on the application of retaliatory sanctions against unfriendly countries and organizations. The… 3 May 2022 Read More
Russia continues imposing countersanctions in response to Western countr... On 20th of April 2022, the Russian Federation adopted the Law which sets forth restrictions for Russian credit… 1 May 2022 Read More
OFAC reestablished the Ukraine-Russia related sanctions regulations OFAC declared the publication of a Final Rule that renamed and reestablished the Ukraine-Russia Related Sanctions Regulations and… 30 April 2022 Read More
Sanctions Compliance – ENR Law While various sanctions and restrictions on international business activities have been in place since the second half of… 28 April 2022 Read More
Russian Gazprom ceases gas supply to Bulgaria and Poland On April 27th 2022, Russian Gazprom discontinued its gas supplies to Polish PGNiG and Bulgarian Bulgargaz as these… 27 April 2022 Read More
The US is targeting facilitators of Russian sanctions evasion through ne... OFAC (the US Department of the Treasury’s Office of Foreign Assets Control) is developing its measures against Russia… 20 April 2022 Read More
The US imposes additional restrictions and sanctions against Russia US president Joe Biden signed a new Executive Order (E.O. 14071) on April 6th, 2022, which imposes fresh… 7 April 2022 Read More
The US continues expanding sanctions against Russia The US government further expanded sanctions against Russia on March 24th 2022. On this day, blocking sanctions were… 24 March 2022 Read More
The UK imposes further sanctions on Russia The UK government designated 65 additional Belarusian and Russian entities and individuals to their consolidated list of financial… 24 March 2022 Read More
The RF lifted restrictions regarding real estate transactions of non-res... On March 22nd 2022, RF authorities decided to lift restrictions regarding real estate transactions carried out by non-residents… 22 March 2022 Read More
The RF imposes new countermeasures The RF continues imposing counter-sanctions in response to measures imposed by Western states. RF President Vladimir Putin signed… 18 March 2022 Read More
