New support measures for
manufacturers of medicinal
products in Russia
Resolution of the Government of the Russian Federation No. 572 dated 12 May 2018 introduced amendments to Resolution No. 1289 dated 30 November 2015 that establishes restrictions and conditions for admission to the procurement for state and municipal need of medicinal products included in the list vital and essential medicines (VEM) originating from foreign states.
18.05.2018
On 17 May 2018, the State Duma adopted in the second reading the draft Federal Law 'On the Measures (Countermeasures) in Response to Unfriendly Actions of the USA and(or) other Foreign States' (hereinafter - the 'Draft Law').
25.04.2018
On 16 April 2018, the Council of the State Duma approved for consideration the draft Federal Law 'On the Measures (Countermeasures) in Response to Unfriendly Actions of the USA and(or) other Foreign States' developed by a group of deputies (hereinafter - the 'Draft Law').
Changes in the Russian currency
legislation: repatriation of funds
granted to non-residents under
loan agreements
On 14 April 2018, the changes to the Federal Law 'On Currency Regulation and Currency Control' (the 'Currency Regulation Law') and the Code of the Russian Federation 'On Administrative Offenses' introduced by Federal Law No. 64-FZ dated 3 April 2018 became effective, which provide for the obligation of Russian residents to repatriate to their accounts in Russian banks funds granted to non-residents under loan agreements and liability for a failure to perform this obligation.
New procedure for qualification of foreign financial instruments as
securities in Russia
On 21 April 2018, the Instruction of the Central Bank of the Russian Federation No. 4561-u dated October 2017, which establishes a new procedure for qualifying foreign financial instruments that have been assigned with the security identification code (number) (ISIN code) and the international classification code of financial instruments (CFI code), as securities ('Procedure').
Incentives for investors in Russia:
19 new territories of priority socio-economic development
On 16 March 2018, the Government of the Russian Federation adopted several decisions on the establishment of 19 new territories for priority socio-economic development (TPSED) in the following regions of Russia:
04.04.2018
The publication covers, in particular, the following areas of data protection, including personal data, in Russia: relevant legislation and competent authorities; key principles; individual rights; registration formalities and prior approval; marketing and cookies; restrictions on international data transfers; CCTV and employee monitoring; processing data in the cloud; big data and analytics; data security and data breach; enforcement and sanctions.
29.03.2018
On 1 March 2018, the Commission of the Federal Antimonopoly Service of the Russian Federation Office for St. Petersburg issued an order in respect to Afanasy Private Brewery LLC to stop violation of Article 14.6.1 of Federal Law No. 135-FZ, dated 26 July 2006 'On Competition Protection', in particular, the illegal use of the designation 'ОХОТА НАШЕГО' being confusingly similar to the trademark 'ОХОТА' the right holder of which is Heineken Russian subsidiary.
27.03.2018
On 1 June 2018, changes to the Civil Code of the Russian Federation (the 'Civil Code') and certain other federal laws will come into force in terms of regulation of certain types of obligations and contracts, and foreclosure on certain types of assets, introduced by Federal Law No. 212-FZ dated 26 July 2017.
Registration of medicines in the
Eurasian Economic Union
At the Pharmaceutical Forum of the EAEU and CIS countries held in Moscow in late February 2018, the Director of the Department of Technical Regulation and Accreditation of the Eurasian Economic Commission (EEС) said that the full-scale work on registration of medicines using the unified information system of the Eurasian Economic Union (EAEU) will start upon its launch scheduled on the first half of 2018. Currently, the integration segment of this system is ready, and the work to prepare national segments in each state of the EAEU is underway.
Counsel, Corporate and Commercial
Москва, Ресей