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Legal regulation of economic, environmental and other relations under external sanction pressure

March 26, 2022

The President signed the Federal Law On Amendments to Certain Legislative Acts of the Russian Federation.

The Federal Law sets out the details of legal regulation of economic, environmental and other relations under external sanction pressure.

To support the Russian economy, the Federal Law proposes that the coming into effect should be postponed for some provisions of federal laws with particularly burdensome mandatory requirements, which cannot be complied with, including due to technological limitations.

Amendments have been introduced to Federal Law On Special Economic Zones in the Russian Federation, which envision the possibility of producing and processing ethane, liquefied hydrocarbon gases and liquid steel on the territory of special economic zones.

The Federal Law establishes certain specifics for regulating foreign trade, insurance and mortgage loans.

March 26, 2022