A draft federal law has been submitted to the State Duma according to which compliance with anti-Russian sanctions will be treated as a severe form of an abuse of powers.
The official explanation of the Bank of Russia on the issue of the mandatory sale of foreign currency earnings has been published. It follows from the explanation that the fulfilment of obligations under export contracts in a way other than payment to an account with an authorised bank generally violates the requirement for mandatory sale.
Pepeliaev Group advises that the Government of Moscow has adopted a set of measures to provide economic support to those who rent land plots and non-residential premises.
Pepeliaev Group advises that the Russian Government’s Resolution dated 28 March 2022 imposes a moratorium on bankruptcy.
The purpose of the moratorium is to support citizens, individual entrepreneurs and companies which have found themselves in a difficult financial position after sanctions were imposed on Russia.