State Duma amends Russian Draft Bill on US counter-sanctions

Russia1.jpgWe previously reported that in light of the recent US sanctions on Russia (6 April 2018), the Russian Parliament had been presented with Draft Bill No. 441399-7 “On Measures (Countermeasures) in Response to Unfriendly Actions of the USA and (or) other Foreign States”. That Draft Bill provided for a number of US counter-sanctions – see previous blog here.

Last week, the State Duma amended the Draft Bill to include the following 5 measures:

1. Termination/suspension of international cooperation between Russia and the US and/or other foreign states* relating to sectors as determined by the Russian President;

2. Prohibition/restriction on the import into Russia of products and/or raw materials originating from the US and/or other foreign states* (list of products and/or raw materials to be determined by the Russian Government);

3. Prohibition/restriction on the export from Russia of products and/or raw materials to citizens of the US and/or other foreign states* (list of products and/or raw materials to be determined by the Russian Government);

4. Prohibition/restriction on access, directly or indirectly, to public procurement for providers of works/services that are more than 25% directly or indirectly owned by entities under the jurisdiction of the US and/or other foreign states (list of particular works/services to be determined by the Russian Government); and

5. Prohibition/restriction on participation in privatisation of state or municipal property for citizens of the US and/or other foreign states*.

The State Duma is due to consider the Draft Bill later today (15 May 2018).

*including entities that are more than 25% directly or indirectly owned by entities under the jurisdiction of the US and/or other foreign states

This entry was posted in Russia, USA by Michael O'Kane. Bookmark the permalink.

About Michael O'Kane

Michael O’Kane is a partner and Head of the Business Crime team at leading UK firm Peters & Peters. Described as ‘first-rate’ (Legal 500 2012), he “draws glowing praise from commentators” (Chambers 2013) for handling the international aspects of business crime, including sanctions, extradition and mutual legal assistance. Called to the Bar in 1992 and prior to joining Peters & Peters he was a senior specialist prosecutor at the Crown Prosecution Service Headquarters(CPS). At CPS HQ he was a key member of a small specialist unit responsible for the prosecution of serious and high profile fraud, terrorist and special interest criminal matters including the Stansted Airport Afghan hijacking and the prosecution of Paul Burrell (Princess Diana’s butler). Michael joined Peters & Peters in 2002. He became a partner in May 2004, and Head of the Business Crime team in May 2009. Since joining Peters & Peters, Michael has dealt with a wide range of business crime matters. He has particular expertise in international sanctions, criminal cartels, extradition, corruption, mutual legal assistance, and FSA investigations. Described as“ an influential practitioner in fraud and regulatory work, so much so that he is top of the referral lists of many City firms for independent advice for directors” (The Lawyer’s Hot 100 2009), he was recognised as one of the UK’s most innovative lawyers in the 2011 FT Innovative Lawyer Awards and included in the list of the UK's leading lawyers in 'The International Who's Who of Asset Recovery 2012. In 2012 he was the winner of the Global Competition Review Article of the Year. Michael regularly appears on television and radio to discuss his specialist areas and he is the author of the leading textbook on the UK Criminal Cartel Offence “The Law of Criminal Cartels-Practice and Procedure” (Oxford University Press 2009). Recent/Current Sanctions Work • Representing 109 individuals and 12 companies subject to designation by the European Council under targeted measures imposed against Zimbabwe. This is the largest and most complex collective challenge to a sanctions listing ever brought before the European Court. • Acting for a former Egyptian Minister and his UK resident wife, challenging their designation by the European Council of Ministers under targeted measures brought against former members of the Egyptian Government. • Advising a company accused in a UN investigation report to have breached UN sanctions imposed in relation to Somalia. • Advising a UK company in relation to ongoing commercial relationships with an Iranian company listed under both EU and UN sanctions. • Advising an individual in relation to a UK investigation for alleging breaching nuclear export controls.

Please Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s