President Putin signs Russian counter-sanctions into law

Putin3.jpgPresident Putin has now signed Russian counter-measures into law. These measures, as previously reported, provide for counter-sanctions including restrictions on the import into Russia of products and/or raw materials originating from the USA and other foreign states, and on the export from Russia of products to foreign citizens. The legislation gives President Putin the power to choose the sectors and products that will be affected, and to “ban or suspend co-operation with a hostile state”.

A second Bill that would make it a crime for anyone to comply with foreign sanctions against Russia has been delayed for business impact consultations.

This entry was posted in Russia, USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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