Russian counter-sanctions update - Decree No. 252 of the Russian President re. Sanctioned Persons

June, 2022 - Russia

As a matter of very important update which may impact business activities of foreign investors in Russia, please be advised that on May 3, 2022 the President of the Russian Federation has signed Decree No. 252 “On Application of Retaliatory Special Economic Measures in response to Unfriendly Acts by Certain Foreign States and International Organizations” (“Decree No. 252”).

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Practices: Crisis Management, Economic sanctions and Compliance

*Note: Please be aware that all information provided in this letter was taken from open sources. Neither ALRUD Law Firm, nor the authors of this letter bear any liability for consequences of any decisions made in reliance upon this information.