PUBLICATIONS

Italy’s largest bank, Intesa Sanpaolo, will no longer accept payments in euros from Russian banks, with the exception of its own subsidiary in Russia, Intesa. In December, Intesa informed its clients and counterparties, sources at two domestic banks told Vedomosti. Intesa’s representatives in Milan confirmed the decision to law firm O2 Consulting, according to Olga […]

The European Court of Justice (the EU’s highest court) will consider a request from the Svea Court of Appeal (Sweden) to interpret the provision of the European Sanctions Regulation that prohibits the satisfaction of claims by Russian companies under contracts disrupted by the sanctions regime. RBC has reviewed the text of the request. At the

The execution of payments from the UAE to Russia has increased by 29% in the 11 months of this year compared to last year and now takes an average of 14 days, transport companies and specialised lawyers told RBK. According to them, in some cases payment terms can reach 30 days. The situation worsened significantly

Clause 3, Part 1, Article 30.1 of the Code of Administrative Offences of the Russian Federation has been declared unconstitutional, as it does not allow for the unambiguous settlement of the issue of territorial jurisdiction for consideration of an appeal against a decision on an administrative offence, which has been issued but has not yet

Western companies that have left Russia are losing their rights to domestic trademarks en masse. In the last month alone, the Intellectual Property Court has made five such decisions, including one concerning the trademark of the Swedish company Ericsson. According to the law, unused trademarks can be cancelled after 3 years. And the courts ignore

Fraudsters trying to defraud Russian importers via e-mail have become more active on the Internet, said Artur Leer, vice-president of the Association of Exporters and Importers. He linked the current trend to the increase in the number of links in payment chains, which gives attackers more opportunities to commit fraud. The fraudsters proceed as follows:

Sanctions on Gazprombank will at least suspend payments Washington’s latest measures against Gazprombank will most likely temporarily halt payments for Russian gas supplies, and thus exports to Europe itself, market participants believe, but they see several options for changing the payment system, including through other banks and in another currency. Some experts believe that the

Investors can trade securities that Minsk has repaid in rubles instead of dollars Belgian custodian Euroclear has allowed investors to trade Belarusian sovereign Eurobonds within its infrastructure. Since 18 November, Euroclear has “exceptionally” resumed internal settlement of the $800 million Belarus-2023 issue, which Minsk repaid last year in local rubles to an account at the

In the autumn, Kazakhstan’s banks sharply increased the time it takes to process payments from Russian companies, representatives of transport companies and lawyers told RBK. According to them, Kazakhstani banks began to demand more and more additional documents and data on companies sending and receiving money. As early as the summer of 2023, Russian entrepreneurs

In the Arbitration Court of St Petersburg and the Leningrad Region, Soyuz-Vino requested that OOO Vilash-Champagne Wine Factory be banned from producing sparkling wine under the Charmant La Fee brand. The factory produces a range of such wines in aluminium cans. The name is placed on a coloured background with geometric figures and a stylised