Measures (countermeasures) in response to unfriendly actions of foreign countries (the "Countersanctions") are generally introduced by a resolution of the President of the Russian Federation in accordance with the following Federal Laws: No. 281-FZ "On Special Economic and Coercive Measures" dated 30 December 2006; No. 390-FZ "On Security" dated 28 December 2010 and No. 127-FZ "On Measures (Countermeasures) in Response to Unfriendly Actions of the United States of America and Other Foreign States" dated 4 June 2018. Following the resolutions of the President of the Russian Federation, the Government of the Russian Federation adopts orders to specify the procedure to implement the Countersanctions.
Moreover, pursuant to Federal Law No. 86-FZ "On the Central Bank of the Russian Federation (Bank of Russia)" dated 10 July 2002, the Central Bank of Russia may use certain tools intended to enhance the financial market stability.
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Background
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Corporate Countersanctions
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Foreign Currency Exchange Countersanctions
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Countersanctions In Respect of Individual Transactions and Transaction Targets
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Anti-trust regulation
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Insurance
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Bankruptcy Moratorium and Bankruptcy Administration
This Review was last updated on 5:30 PM (Moscow time), 29 April 2022. It provides information on regulations adopted by the federal authorities in response to unfriendly actions by the United States and its affiliated countries that may affect persons doing business in the Russian Federation. The data in this Review is provided for reference only and does not address your specific circumstances. Please seek a professional legal advice.