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Pepeliaev Group advises that the government is examining proposals aimed at overcoming the implications of the new coronavirus infection.
The Federal Tax Service has issued Order No. ED-7-1/168@ “On setting up federal and regional situation centres of the Russian Federal Tax Service to monitor the economic situation in real time” dated 17 March 2020.
Our clients have started to receive requests from working groups that are being set up now within tax inspectorates “in order to gather and monitor, on a weekly basis, information regarding the risks of economic and social challenges arising in connection with the spread of the coronavirus and questions that emerge during control measures”.
The Russian President has delivered an address in connection with the global coronavirus pandemic and has announced a number of new measures. The measures that the President has proposed will be specified in legislative instruments, which, once adopted, we will be able to assess more thoroughly. Today, based on the text itself, we will consider those of the proposals in the address that had the greatest resonance.
Pepeliaev Group clarifies whether the coronavirus infection may be classified as a force-majeure event in contractual relationships with counterparties.