As of 6 March 2022, several economic restrictions were imposed on the aviation sector.

On March 04, 2022, the Council of Federation has approved and sent to the President the Federal Law “On Amending Certain Legislative Regulations of the Russian Federation” (the “Law”). This Law provides for a number of changes in the regulation of procurement and circulation of medical products (“MP”) and medical devices (“MD”), corporate and financial relations, and even social matters.

As of 3 March 2022, a number of economic restrictions were imposed on the banking sector.

Review of the most notable bankruptcy disputes in Russia - 3 Quarter 2021 (in Russian).

• pdf, 927.59 kb

Review of the most notable court cases in International Commercial Arbitration - 3 Quarter 2021 (in Russian).

• pdf, 911.84 kb

One more dispute on the claim of a Russian company, which had been subject to restrictive measures, including those of the European Union and the United States, has reached the Supreme Court.

On 17 November 2021 Russia signed Convention on the Recognition and Enforcement of Foreign Judgements in Civil or Commercial Matters ("the Convention"). Ukraine, Uruguay, Israel, and Costa Rica also signed the Convention.

The Supreme Court provided clarifications on why during the moratorium on bankruptcy, the penalty cannot be paid even in disputes with consumers, in which cases the software update entails the seller's obligation to compensate the cost of the goods and why even a resident of the apartment is considered a consumer.