Countersanctions: Annual Overview of Major Trends and Law Enforcement Practices, 2024

Over the past few years, there has been a clear trend of Russia strengthening and expanding its countersanctions restrictions in response to sanctions of the regulatory authorities of the US, EU, UK and certain other jurisdictions. The countersanctions measures, introduced, in particular, to limit the withdrawal of foreign investors’ capital from Russia and to maintain the financial stability of the state.

In addition to the evolving regulatory landscape, the regulator has demonstrated greater clarity over the past year in its methodology for analyzing transactions and in defining the criteria for implementation of the countersanctions regime.

Our annual overview of observations regarding countersanctions regulations and enforcement practices in 2024 along with other significant developments in this field could be seen here.