News & Analysis as of

Russia

U.S. Announces Updates to Iran-Russia Sanctions Bill

by Cozen O'Connor on

On Tuesday, July 18, 2017, the Trump administration announced new sanctions against entities and individuals with ties to Iran. The U.S. Department of State (DOS) and U.S. Department of the Treasury have listed 18 entities...more

Russia Introduces New Definition and Obligations for Audiovisual Service Owners

by Latham & Watkins LLP on

The Federal Law No. 87-FZ of May 1, 2017, on Amendments to the Federal Law on Information, Information Technologies, and Information Protection (the Law) came into force on July 1, 2017. The Law introduces the definition of...more

President Trump Changes Course On Joint “Cyber Security Unit” With Russia

by King & Spalding on

On Sunday, July 9, 2017, coming out of the G20 Summit during which President Trump had met with Russian President Vladimir Putin for over two hours, Trump tweeted that he and Putin “discussed forming an impenetrable Cyber...more

Review of amendments to the insolvency legislation

by White & Case LLP on

This review concerns a number of amendments to Federal Law “On insolvency”1 (the “Law”) introduced by federal laws No. 222-FZ2 and No. 488-FZ3, and the interpretation of the amendments in the Review of Court Practice on...more

Russia Concerns Negatively Impact GSA Schedule Contractors

There is no shortage of news these days involving Russia. You would think that U.S. government contracting would be immune from these considerations. You’d be wrong. That’s because on July 11 2017, the Government removed...more

Senate Passes Russia and Iran Sanctions Legislation

by Bass, Berry & Sims PLC on

On June 19, 2017, the U.S. Senate overwhelmingly passed a bill mandating sanctions against Russia and Iran and a 30-day congressional review period should the president attempt to reduce those sanctions....more

Comey And Executive Privilege — What Could Have Been

Former FBI Director James Comey will testify before the Senate Intelligence Committee on June 8, 2017, as part of the committee’s investigation into Russia’s influence on the 2016 presidential election. And the committee’s...more

State regulation of foreign investments in Russia to undergo major changes

by Dentons on

The Russian Federation State Duma is adopting two draft laws at the same time amending the Strategic Investments Law. Contrary to the statements by Federal Antimonopoly Service representatives about “selective improvement” of...more

Amendments to the Russian Strategic Investments Law: Special Regulation for Transactions Involving Offshore Companies

by White & Case LLP on

On 1 July 2017, the Federal Law No. 155-FZ amending, inter alia, the Federal Law No. 57-FZ "On the Procedure for Making Foreign Investments in Business Entities of Strategic Importance to National Defense and State Security"...more

Trade & Manufacturing Alert - July 2017

by King & Spalding on

Ambassador Lighthizer Visits Congress To Discuss The President’s Trade Policy Agenda - In June, the Senate Finance Committee and Ways and Means Committee of the House of Representatives held hearings on the new...more

Senate Passes Russia Sanctions Bill

by King & Spalding on

On June 14, 2017, the U.S. Senate passed by vote of 97-2 a measure to codify, strengthen, and expand sanctions against the Russian Federation in response to its activities in Ukraine, cyber-attacks, interference in the U.S....more

Sanctions Round Up: First Half

by Shearman & Sterling LLP on

The first six months of the Trump Administration saw several notable developments for US sanctions, with particular implications for Russia and Iran. The Administration also declared a shift in US policy toward Cuba. ...more

The Decision of the Moscow Arbitration Court in the Transneft vs. Sberbank Dispute Increases Litigation Risk in the Context of...

by Morrison & Foerster LLP on

This brief summary of the decision that was published on 21 June 2017 will be of interest to anyone entering into derivative transactions that involve Russian counterparties....more

Development of court practice on tax disputes over charging personal income tax on amounts paid to employees by agreement at...

by Dentons on

On 16 June 2017 the RF Supreme Court rendered a ruling in case No. ?42-7562/2015. In this case the court considered a dispute between Murmansk Trawl Fleet PJSC (hereinafter MTF) and the Federal Tax Service Interdistrict...more

MoFocus: Our Insights into the Risk + Crisis Landscape - Vol.1 Issue. 1

by Morrison & Foerster LLP on

What Companies Should Be Doing to Prepare for the Next Ransomware Attack - The “WannaCry” cyberattack that struck in May paralyzed businesses, government entities, and Britain’s National Health Service, encrypting computer...more

Proposed Changes to U.S. Sanctions Against Russia "Countering Russian Influence in Europe and Eurasia Act of 2017"

by Bennett Jones LLP on

On June 15, 2017, the U.S. Senate voted 98-2 in favour of new sanctions against Russia in the face of express opposition from President Trump's administration. The proposed law includes significant changes to the current U.S....more

Messaging Apps May Face New Obligations in Russia

by Latham & Watkins LLP on

The State Duma, Russia’s lower chamber of Parliament, has adopted amendments to the Federal Law on Information, Information Technologies and Information Protection of the Russian Federation (the Law) in its first reading....more

Iran and Russia Sanctions Pass US Senate

by Hogan Lovells on

Last week, the U.S. Senate acted to pass both new Iran and Russia sanctions by large bipartisan margins. The House of Representatives has not yet acted on either piece of legislation. We anticipate that Congress will...more

Trump Administration Highlights Limitations of CFIUS Process

In separate public statements last week, two Trump administration cabinet secretaries expressed concerns with the national security review process of the Committee on Foreign Investment in the United States (CFIUS). They also...more

New Russia Sanctions Legislation

by King & Spalding on

The U.S. Senate passed this week a measure to codify, strengthen and expand sanctions against the Russian Federation in response to its activities in Ukraine, cyber-attacks, interference in the U.S. Presidential election, and...more

FAS again clarifies issues of applying the Retail Law with respect to discounts

by Dentons on

On 9 June 2017 the Federal Antimonopoly Service of the Russian Federation (“FAS”) published on its website the latest clarifications with respect to Article 9 of the Retail Law determining the terms on the price of products...more

Senate Votes In Favor Of Russia Sanctions

by Fox Rothschild LLP on

On Thursday, the Senate passed legislation to impose additional sanctions on Russia. The bill passed by an overwhelming majority, 98-2, with only Senator Rand Paul and Senator Bernie Sanders voting against it. ...more

Senate Bill Expands Sanctions on Russia and Iran

On June 15, 2017, the Senate passed the Countering Iran’s Destabilizing Activities Act of 2017 (S.722) by a vote of 98-2. Included with the bill is a significant Russia sanctions amendment, the Countering Russian Influence...more

Russia Lifts the Majority of Economic Sanctions Against Turkey

by White & Case LLP on

On 31 May 2017 the Russian President signed Decree No. 244 lifting most of the special economic measures against Turkey. The Decree was followed by Russian Government Resolution No. 672 published on 2 June 2017....more

Imposing New Russian Sanctions

by Fox Rothschild LLP on

On Monday, U.S. senators reached an agreement regarding imposing new sanctions against Russia. The agreement will be filed as an amendment to a larger Iran sanctions bill that is nearing passage in the Senate....more

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Cybersecurity

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