On September 20, 2022, Government Resolution No.1651 was published, which approves the rules for obtaining a permission from the Government Commission for Control over Foreign Investments in the Russian Federation for transactions involving shares, real estate, etc. 

On September 20, 2022, a law amending the Criminal Code of the Russian Federation was submitted to the Federation Council of the Russian Federation. With the above amendments, new offences relating to breaches of state contracts on state defense order or contracts entered into for the purpose of performing a state defense order will be introduced.

Yesterday was issued Presidential Decree No. 618 (the “Decree”), which limits the ability to carry out transactions with LLC equity interests for the some categories of persons.

On July 14, 2022, the Russian President signed Federal Law No.259-FZ amending the Administrative Offenses Code of the Russian Federation. The amendments toughen liability for violating the Federal Law “On the activities of foreign persons on the Internet telecommunications network on the territory of the Russian Federation”.

We kindly remind everyone that the deadline for filing a notice of participation in a Multinational Enterprise Group or 2021 is approaching. The deadline date is August 31, 2022.

Federal Law No.266-FZ was signed and published on 14.07.2022, introducing large-scale changes to the regulation of personal data processing. The draft law after being considered by the State Duma has changed substantially as compared to its previous version.

In the current situation, sanctions imposed by foreign states against Russia inevitably affect intellectual property or IP. Here is a list of the main EU, US and UK sanctions imposed against Russian entities and individuals that affect intellectual property issues.

On July 5, the President signed a new anti-sanctions decree No.430 (the “Decree No.430”), which eases the existing restrictions in currency regulation, but also introduces some new ones.

The Russian Central Bank has allowed payments for shares in, and contributions to, the property of non-residents without a special permit, if the relevant funds are deposited in rubles or in the currency of a friendly state.

The Russian President signed the Decree imposing a requirement to make payments under agreements for using exclusive rights in favor of foreign rightholders from non-friendly states, as well as a number of Russian rightholders, including those supporting sanctions, only through a special ruble account opened in an authorized bank.