Large foreign IT companies were obliged to open branches in Russia

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Monitoring of the Federal Legislation dated 3.07.2018

Decision of the Government of the Russian Federation No. 748 of June 29, 2018 on the requirements for the banks (including the ones for their financial stability) where procurement participants open special accounts for monetary resources to secure requests for participation in the purchase of goods, works, services and on invalidation of certain acts of the Government of the Russian Federation

Direction of the Bank of Russia No. 4801-U of May 22, 2018 on the form and terms of refinancing of credit organisations against security

Decision of the Government of the Russian Federation No. 697 of June 18, 2018 on the endorsement of the criteria (requirements) for authorised banks and the banks permitted to open escrow accounts for payments under contracts of participation in shared construction in compliance with the Federal Law on the participation in shared construction of apartment houses and other object of immovable property and on the amendments to certain legislative acts of the Russian Federation

Decree of the President of the Russian Federation No. 380 of June 29, 2018 on the amendment to Decree of the President of the Russian Federation No. 1 of January 1, 2016 on the measures ensuring economic security and the national interests of the Russian Federation in the cases of international transit transportation of cargo from the territory of the Ukraine to the territory of the Republic of Kazakhstan or the Kyrghyz Republic through the territory of the Russian Federation

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