Introduces new counter-sanctions
03 May 2022
On 3 May 2022, by the Presidential Decree No. 252, the Russian Federation announced the introduction of new economic counter-sanctions, including:
- A ban on the export of raw materials and products produced on the territory of the Russian Federation in the interest of the sanctioned individuals and legal entities;
- A ban on concluding deals with sanctioned individuals and legal entities;
- A prohibition to fulfil obligations under existing deals with sanctioned individuals and legal entities;
- A ban on financial transactions, the beneficiaries of which are sanctioned individuals and legal entities.
These measures apply to all public authorities, legal entities, and any individual under the Russian jurisdiction. The Government was instructed to announce the sanctions list and to determine additional criteria for deals and obligations to be categorized as banned in compliance with this decree within ten days.
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Treatment and operation (Investment related trade measures, Contract law )
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Treatment and operation (Operational conditions)
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