Russian Duma Revisits Criminalization as Counter-sanction

The Russian Duma is considering a bill that would prohibit media communications that reveal non-compliance with sanctions or facilitate imposition of sanctions and would also impose criminal penalties on those that disclose or transfer information to organizations “directly or indirectly” under the control of an “unfriendly state”, any company organized under the laws of an “unfriendly state”, and persons affiliated with such organizations if such transfer or disclosure leads to the imposition or expansion of sanctions.

What does the bill mean, even in its draft form, for businesses based in Russia and elsewhere? Moscow partners Patrick Brooks and Sergey Treshchev examine the draft bill in a new alert this week.

Related Squire Patton Boggs Sanctions and Counter-sanctions Content

We also recently held a webinar on “Sanctions, counter-sanctions and anti-corruption trends in Russia: doing business in the current climate.” It was presented by partners Patrick Brooks (Moscow) and Dan Waltz (Washington DC), and senior associate Kristina Arianina (Washington DC). You can view the webinar on demand here (requires Lexology login or signup).

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For more information on sanctions- and anticorruption-related topics and more, we invite you to subscribe to our Anticorruption and Trade Practitioner Blogs, as well as other firm content here.