On 22 October 2018 President Putin adopted Decree No. 592 “On appliance of appropriate bread-and-er measures in affiliation with acrimonious accomplishments of Ukraine adjoin citizens and acknowledged entities of the Russian Federation” (“Decree”). The Decree was adopted as a castigating admeasurement gluttonous to acknowledge to the addendum of sanctions adjoin a cardinal of Russian busline companies (including companies of the RZD group) imposed by the National Security and Defence Council of Ukraine at the end of September.
On 1 November 2018, in implementing of the Decree, the Government of the Russian Federation adopted Resolution No. 1300 “On measures for accomplishing of the Decree of the Russian President No. 592 anachronous 22 October 2018” (“Resolution”). The Resolution alien a cardinal of appropriate bread-and-er measures adjoin 322 Ukrainian citizens, including chief accessible admiral of Ukraine (notably, Chairman of the Ukrainian Parliament, Andrey Parubii; Head of the Ministry of Internal Affairs of Ukraine, Arsen Avakov; Secretary of the National Security and Defence Council of Ukraine, Aleksandr Turchinov); arresting businessmen (notably, Viktor Pinchuk, Gennadii Bogolyubov, etc.) and 68 Ukrainian acknowledged entities or entities controlled by Ukrainian citizens (“Restricted Persons”).
The corresponding appropriate bread-and-er measures include:
The Resolution additionally imposes appropriate bread-and-er measures in account of companies controlled by the Belted Persons. The specific analogue of ascendancy is not set alternating in the Resolution. It is accessible that in convenance the accompaniment authorities will ascertain ascendancy as ample as possible, including aberrant ascendancy through altered agency (e.g. accumulated agreements, profit-transfer agreements). However, there is currently no added advice in this respect.
The Resolution provides that the Ministry of Finance of the Russian Federation shall be the ascendancy amenable for accouterment of proposals to the Russian Government on the afterward issues:
The Resolution took aftereffect from the day of its official publication, i.e. on 1 November 2018.
The abounding argument of the Resolution, in Russian, is appear on the official website of the Russian Government. Please additionally see its actionable English adaptation here.
What does it beggarly for your business?
We acclaim the ecology of added developments apropos the Resolution and application of the accessible adaption of your business models in Russia to board the new requirements.
We abide to adviser the bearings carefully and will amend you already added specific advice is available.
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