Tax Messenger
Summaries of key tax and legal developments in legislation and case law and the latest issues affecting human resource management, prepared by B1's experts in Russia
Overview of US sanctions against Belarus
2024 saw sanctions against Belarus being widened and more Belarusian individuals and entities being added to sanctions lists. We propose to provide a full and detailed picture of sanctions in place against Belarus, starting with US sanctions.
18.11.2024
Presidential Decree No. 767: key changes
New Presidential Decree No. 767 On Amendments to Certain Decrees of the President of the Russian Federation was published on 9 September 2024 to amend three regulatory acts. The main changes relate to transaction procedures, accounting for and performance of obligations under Eurobonds and replacement bonds which had persons from unfriendly states in their holding chain, as well as the procedure for permits to be obtained by Russian companies to pay profits to persons from unfriendly states.
17.09.2024
IP owners from “unfriendly” states may soon be deprived of their rights
On 19 June 2024, a bill was introduced to the Russian State Duma to revoke intellectual property rights held by owners from so-called “unfriendly” states.
10.07.2024
New EU ban: summary of restrictions on intellectual property rights
On 24 June 2024, the European Union launched its 14th package of restrictive measures against Russia. This package imposes new intellectual property restrictions that significantly affect the interests of Russian businesses with an international presence and must be considered when planning operations in the EU.
26.06.2024
New U.S. IT sanctions: exploring nuances and impact
On 12 June 2024, the U.S. Office of Foreign Assets Control (OFAC) announced new restrictive measures targeting the Russian IT sector. The newly introduced rules closely mirror the European Union’s approach to IT services and software, which saw significant expansion of restrictive measures under the EU’s 12th package of sanctions in December 2023.
20.06.2024