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New sanctions which affect businesses’ rights and interests in Russia

22July2014

4 min read

On 16 July 2014 the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury extended its Specially Designated Nationals List (the “SDN List”) with respect to the Ukrainian crisis. Additions have been made both to the general and to the sectoral parts.

Joining the federal aviation industry agreement for 2014 -2016

20June2014

3 min read

On 6 June 2014, Rossiyskaya Gazeta published a Letter of the Russian Ministry of Labour and Social Protection (the 'Ministry') in relation to joining the Russian Aviation Industry Agreement for 2014-2016 (the 'Agreement').

Automotive industry and transportation , Employment and migration law

The State Duma has passed in the second reading a set of amendments to the Land Code

20June2014

6 min read

Pepeliaev Group advises that on 23 June the Federal Law No. 171-FZ “On amending the Russian Land Code and certain items of Russian legislation” was adopted to the extent of improving the procedure for state and municipally-owned land plots to be provided. This Federal Law enters into force on 1 March, 2015 except for particular provisions.

The Russian Supreme Commercial ('Arbitration') Court provides explanations concerning VAT

20June2014

16 min read

Pepeliaev Group advises that on 30 May 2014 the Plenum of the Russian Supreme Commercial ('Arbitration') Court adopted a Resolution concerning issues arising when VAT is being charge. With this explanation adopted, significant changes will be introduced to the practice of implementing chapter 21 "Value-added tax" of the Russian Tax Code. Please note the most important provisions of the Resolution which entail material risks or create fresh opportunities.

The Russian Ministry of Economic Development has set the conditions for foreign goods to be admitted to take part in state and municipal procurement.

03June2014

4 min read

Pepeliaev Group advises that on 1 June 2014, Order No.155 of the Ministry of Economic Development dated 25 March 2014 ‘On the conditions for releasing goods originating from foreign states for the purposes of purchasing goods, work and services to meet state and municipal needs’ (the Conditions) has entered into force.

Life sciences , Corporate law / M&A

Creating a national system of payment cards and other amendments to legislation regarding payment services

16May2014

11 min read

Pepeliaev Group advises that on 5 May 2014 amendments to Federal Law No. 161-FZ 'On a national payment system' were published and came into force. This significantly affects the procedure under which payment systems are organised and function within the Russian Federation.

Banking and finance

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