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

In course of regular update on Russian counter-measures, we would like to inform you that on May 11, 2022, in compliance with the Presidential Decree No. 252 “On Application of Retaliatory Special Economic Measures in response to Unfriendly Acts by Certain Foreign States and International Organizations” dated March 3, 2022 (“Decree No. 252”), the Government of the Russian Federation has issued the Order No. 851 “On Measures to Implement the Decree No. 252 of the President of the Russian Federation dated May 3, 2022” (“Order No. 851”), which contains the list of sanctioned persons restricted from doing business and the transaction with anyone within the jurisdiction of the Russian Federation (“Sanctioned Persons”).

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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.