Russian assets confiscated in the United States will be compensated for by American assets located in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 17.07.2015

Resolution of the Constitutional Court of the Russian Federation No. 21-P of July 14, 2015 according to which not all judgements of the European Court of Human Rights are unconditionally applicable. A special legal mechanism may be eventually set up by the legislator in Russia to decide if a judgement of the ECHR on a complaint versus Russia is enforceable or not

Decree of the President of the Russian Federation No. 368 of July 15, 2015 abolishing the Ministry of the Russian Federation on Crimea's Affairs, with the functions thereof being transferred to the Ministry of Economic Development of the Russian Federation

Order of the Federal Tax Service No. MMV-7-8/190@ of May 12, 2015 allowing to classify as bad debts the arrears of non-operating organisations on penalties and fines available as of January 1, 2015 and defining a procedure for doing so

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