New regulations entering into force in February 2023

A bunch of
new regulations regarding countersanctions, parallel import, employment etc.
became effective in February 2023.

Сountersanctions

The
President of Russia issued a decree as the response to the Russian oil price
cap which became effective 01.02.2023. It prohibits foreign organizations and
individuals to conclude oil and petroleum products supply agreements if they
contain provisions that determine the ceiling price of oil and petroleum
products expressly or implicitly.

This new
rule is applicable to the whole chain of supply to final buyers.

The ban on oil
supply is imposed from 01.02.2023 and the ban on petroleum products supply –
from the date to be set by the Russian Government but not earlier than
01.02.2023.

Notably
there is an exception from this rule – mentioned oil and petroleum products
supply may be allowed by special presidential decision.

Also
Russian Government shall among other things set the list of products’ codes to
be banned and adopt acts to implement the ban.

The list
of goods with foreign origin which are shipped within parallel import is
renewed

Ministry of
Industry and Trade has issued an order amending the list of goods for parallel
import which enters into force 02.02.2023.

Thus,
several positions were specified, such as:

• parfum,
  cosmetics or toiletry;
• photo
  and cinematic goods;
• electric
  machines and equipment, their components etc.

Also the
list was added by including a few brands of games, toys and sports equipment.