From April 1, 2022, Russia Introduces a Moratorium on Initiating Bankruptcy Proceedings Under the Claims of Creditors

04 April 2022

A Decree of the Government of the Russian Federation introduced a moratorium on initiating of bankruptcy cases at the request of creditors for the second time. The previous moratorium was imposed to support the most affected by the coronavirus economy sectors and lasted for 9 months. The current moratorium has been introduced for half a year, but the possibility of its extension cannot be excluded.

The EU, the US and the UK Have Consistently Imposed Economic Restrictions on Their Own Citizens

04 April 2022

The purpose of the economic restrictions imposed in February-April 2022 is officially declared to be “changing Russia’s behavior” and exerting “pressure” on those involved in the events in Ukraine. To this end, restrictions were imposed on various sectors of the Russian economy, as well as on citizens of the Russian Federation.

Prior to the new “packages” of economic restrictions in 2022, citizens of “unfriendly states” were not included in the SDN lists by the respective states. The situation is gradually changing: now the EU, the US and the UK citizens and companies are under attack.

The Russian Government Legalized the Parallel Import

01 April 2022

On 29 March 2022, the Russian Government enacted Resolution No. 506 “On goods (group of goods) in relation to which certain provisions of the Russian Civil Code on protection of exclusive rights to intellectual property objects and means of individualization cannot be applied”. Under this Resolution, the Ministry of Industry and Trade shall introduce a list of goods in relation to which para. 6 of art. 1359 and art. 1487 of the Russian Civil Code are not applied provide that the said goods (group of goods) are put into circulation outside of Russia by the right holders (patent holders) or upon their consent.