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Baker McKenzie’s Sanctions Blog published the alert titled New Russian legal framework for blocking sanctions prohibiting: (i) Russian persons from entering transactions with designated persons; and (ii) the export of certain Russian items in favour of sanctioned persons on 4 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert titled Russia: New Russian Presidential Decree imposes new restrictions on distribution of profits and introduces certain clarifications to the existing limitations on 5 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

The Russian government has introduced a bankruptcy moratorium with effect from 1 April to 1 October 2022 in respect of all Russian legal entities and individuals except for certain residential real estate developers. The moratorium is intended to protect Russian debtors against creditors’ claims and provide support for players on the Russian market given the challenging environment they operate in. It applies to all Persons irrespective of their solvency.

Heightened geopolitical global activity can lead to an increase in cyber risk for businesses. “Grey zone” and “hybrid” are two terms relating to cyber attacks that are widely used at the moment. Both terms now typically relate to geopolitical activity; “grey zone” activity is activity by or attributed to a nation state actor which is between normal peacetime relations and traditional kinetic warfare. Hybrid is a reference to the fact that modern warfare is almost always a combination of traditional kinetic action and cyber (or other non-kinetic) activity.