A moratorium on bankruptcy can be extended for companies or industries affected by sanctions, experts polled by RG believe. The moratorium bans creditors from initiating bankruptcy proceedings against citizens, legal entities, and individual entrepreneurs. Andrei Gusev, Managing Partner at Nordic Star Law Offices, discusses the moratorium on bankruptcy. To read the full article (in Russian)
Litigation between Uniper and Gazprom over the stoppage of Russian gas supplies via Nord Stream cannot be ruled out. The process could drag on for several years. Andrei Gusev, Managing Partner at Nordic Star Law Offices and an expert at the Centre for Strategic Research, commented on the issue. Read the full article (in Russian)
“The new reality and life under sanctions have literally upended established and seemingly already traditional approaches to business in Russia. Russian business did not panic for too long as it weaned itself from feeling like part of the Western business community. Many people have a strong feeling that, like a real person, Russian business has …
A few weeks ago, the YouTube channel MUR featured an interview between Madonna Mur and designer Yana Raskovalova, which brought to mind a long-standing conflict in the local fashion industry. The main participants are the Podium Market project, its former creative director and now the founder of PK connection and Slim Fit Club projects, Polina Kitsenko, …
“It is no secret that Russia is the world leader in the number of sanctions imposed by the United States, Europe and several other countries. The restrictions are aimed at the gradual isolation of the Russian economy. Formally, the main goal is to change Russia’s foreign policy, in particular, to stop the special military operation in Ukraine. …
The Ministry of Economic Development expects to unify the creation and monitoring of investment programs in housing and utilities. According to the ministry, this should relieve pressure on business and attract private investment in the sector. Meanwhile, experts and the business community warn the opposite could happen: the new rules create redundant procedures, duplicate existing …
Between Investors’ Rights and Investments / Comment / Kommersant Read More »
The government has submitted a draft law to the State Duma restricting the participation of State Unitary Enterprises (SUEs) and Municipal Unitary Enterprise (MUEs) in concessions in the housing and utilities sector. The draft law also sets new requirements for investors in this area. In particular, future concessionaires will be required to confirm their experience …
Russia plans to make settlements with holders of Russian Eurobonds using a mechanism similar to the scheme of paying for Russian gas in rubles. According to Finance Minister Anton Siluanov, “the system will operate in the same way, only in the other direction.” In order to receive payment on government debt in the original currency, …
Russia To Use Ruble Gas Payment Scheme for State Debt / Comment / Vedomosti Read More »
“Western civilisation has always considered the inviolability of private property to be one of its pillars. The European Convention calls for respect for everyone’s right to property without exception, and the American castle doctrine gives homeowners the right to defend their homes by the use of physical force, among other things. The keystone, the bulwark …
The Decline of the Right of Private Property / Forbes Kazakhstan Read More »
Rapidly erectable hotels with 2,500 rooms will be built in 19 regions of Russia to accommodate more tourists this holiday season. Four billion rubles have already been allocated for this purpose. What is a rapidly erectable hotel, is it comfortable to stay in one, and will these hotels be able to replace ordinary ones? Arina …
Hotel Block: Will Modular Hotels Help Domestic Tourism? / Comment / Izvestia.Ru Read More »
