Нийтлэл

On 1 July 2017, amendments to the Federal Law 'On Privatisation of the State and Municipal Property' and the Federal Law 'On the Procedure for Foreign Investment in Business Entities of Strategic Importance for National Defense and State Security' became effective, according to which  offshore companies and legal entities controlled by an offshore company or a group of entities, which includes an offshore company are not permitted to purchase state and municipal property in Russia. 

On 1 June 2017, the Federal Law No. 92-FZ dated 1 May 2017 came into force that, in particular, established two categories of Russian banks depending of a list of permitted operations: banks with a universal license and banks with a basic license, as well as provided for new requirements for the minimum amount of the charter capital of credit institutions. 

The Decree No. 244 dated 31 May 2017 of the President of Russian Federation abrogated the following economic measures against Turkey

The trial that lasted over two years in connection with the violation by Google of Russian antitrust law resulted in the conclusion in April 2017 of a settlement agreement with the Federal Antimonopoly Service (FAS Russia).

On 13 May 2017, the Direction of the Central Bank of the Russian Federation No. 4335-U dated 31 March 2017 came into force that establishes the threshold values for transactions of joint stock companies and limited liability companies, in the event of excess of which the transactions the price or book value of the property being the subject matter of which does not exceed 0.1% of the book value of the companies' assets may be deemed interested party transactions. 

On 1 May 2017, the Federal Law No. 87-FZ was signed amending  the Federal Law 'On Information, Information Technologies and Information Protection', the Code of the Russian Federation on Administrative Violations and some other regulatory legal acts that establish requirements for owners of audio-visual services, including online movie services in Russia, liability for violation thereof, and powers of the Federal Service for Supervision in the area of Communication, Information Technology and Mass Communications (Roskomnadzor) in this respect.

As of today, the Treaty on the Customs Code of the Eurasian Economic Union (hereinafter – the ‘EAEU Customs Code’) is in process of signing. It is expected that the document will come into force not earlier than 29 December 2017.

In March and April 2017 the following regulatory acts entered into force:

--the Administrative Regulations of the Federal Service for Surveillance in the Health Care Sector (Roszdravnadzor) on Performance of Federal State Surveillance in the Area of Medicines Circulation through the Organisation and Conduct of Inspection for Compliance by Medicines Circulation Entities with the Requirements for Pre-Clinical Trials, Clinical Trials of Medicines, Storage, Transportation, Release, Sale of Medicines, Application and Destruction of Medicines

On 14 March 2017, the Federal Antimonopoly Service of the Russian Federation (FAS Russia) recognized Apple's subsidiary in Russia, Apple Rus LLC, guilty of coordinating the economic activities of the Apple iPhone resellers, which led to the establishment and maintenance of prices for these devices, in violation of Article 11 part 5 of the Federal Law No. 135-FZ dated 26 July 2006 "On Protection of Competition".

The Federation Council approved the draft federal law "On the Introduction of Amendments to the Code of the Russian Federation on Administrative Offences" , which establishes the administrative liability for a failure by an Internet provider to perform the obligation to limit or resume access to the information access to which should be limited or resumed on the basis of the data received from the Federal Service for Supervision of Communications, Information technology, and Mass Media (Roskomnadzor).