Legal Regulatory Guide Russia Q3-Q4 2024

We are pleased to present our ****Legal Regulatory Guide**** for the ****second half of 2024****, an essential resource for companies in Russia navigating through the regulatory landscape at the international level. It covers the most significant and comprehensive regulatory insights for Russia and the Eurasian Economic Union (EAEU) for our clients.

This edition of the guide includes descriptions of several key themes in the fields of technology, media, and telecommunications (TMT), life science and pharmaceuticals, consumer goods, agriculture and general regulations. More specifically:

• Regulations are constantly amended to address the rapid development of the TMT sector, including the ongoing deepening of cryptocurrency regulation. Understanding the regulatory framework governing these sectors is necessary for both companies looking to innovate and expand their digital footprint and companies using the outcomes of digital transformation in their daily business activities.

• This Guide also addresses regulatory updates in the life sciences and pharmaceutical sectors including medicines, medical devices, dietary supplements and veterinary medicines.This guide will help businesses understand how to conduct pharmaceutical business in Russia without interruption as the regulatory requirements change.

• Additionally, for many companies, it is important to remain alert to the regulations of consumer goods relevant to their particular business. The rules for trading potentially harmful goods for human health are gradually tightening and moving towards support for environmental initiatives and environmental protection as well as the protection of consumers in terms of how purity is defined for organic products.

• Meanwhile, Russian legislators are focused on ensuring the country’s food security, including agriculture, while maintaining their pace in protecting the domestic market from certain imported goods.

We sincerely hope that this guide will allow the reader to better understand the changes in the Russian regulatory landscape and will serve as an indispensable key to expanding business opportunities amidst the rapidly changing regulatory trends.

The review was published with the participation of ALRUD experts Maxim Alekseev, Senior Partner and Head of ALRUD Regulatory practice, and Boris Pribylov, Senior Associate Corporate/M&A, Regulatory practices.

Read more here.