07.08.2023

Russian counter-sanctions measures: new developments

On 4 August 2023, Federal Law No. 422-FZ (the Law) was published. The Law introduced amendments to, among others, Federal Law No. 281-FZ On Special Economic Measures and Coercive Measures dated 30 December 2006.

These amendments create additional economic restrictions for persons associated with unfriendly states. Such restrictions are similar to restrictions under US and EU personal sanctions in relation to Russian persons and are, in fact, a response to those.

Read in detail in the alert at the link:

https://www.stonebridgelegal.ru/media/files/Alert_Russian_counter-sanctions_Regulations_August_ENG.pdf

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