Requires license payments to certain foreign rightsholders to be paid to a special type "O" rubles account
27 May 2022
On 27 May 2022, Presidential Decree No.322 established a new procedure for license payments. It affects rightsholders from the foreign states included in the List of foreign states and territories performing unfriendly actions against the Russian Federation or otherwise supporting adoption of sanctions.
By decree the Russian residents are required to make license payments or other payments related to the intellectual property rights in Russian rubles to special type “O” accounts in an authorized bank.
The new rules entered into force on 27 May 2022.
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Type:
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Treatment and operation (Intellectual property regulation)
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Treatment and operation (Operational conditions)
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