Reed Smith LLP (LexBlog Russia)

On June 3, 2022, the European Union Council adopted a sixth package of sanctions against Russia, which will phase-out the import of Russian oil and petroleum products over the next six to eight months.  This particular round of sanctions will not restrict the import of gas, but official guidance warns that “nothing is off the...

Some of us belong to the Food and Drug Law Institute.  One benefit of FDLI membership is a daily newsletter on FDA-related issues.  The other day that newsletter’s top two links were both COVID-19 related – and we found both of them concerning. The first item the newsletter featured was this story on “The Hill”...

LinkedIn has become the first major company to have access to its website in Russia blocked by the Russian Data Protection Authority, Roskomnadzor, following earlier Moscow Court decisions on 4 August and 10 November. Russia’s data localisation law came into effect in September 2015 and requires websites collecting personal data of Russian citizens to store...

Russia announced its plan to increase data localization audits in 2016 pledging to conduct around 1,000 data localization compliance audits and 2,000 monitoring procedures, under Russia’s data protection authority, the Roskomnadzor. This stems from Russia’s data localization law which came into effect September 1, 2015, requiring that all companies that collect or process personal data...

Russia’s data protection authority, the Roskomnadzor, has recently announced its intention to increase the number of data localisation audits it carries out in 2016. It has pledged to conduct around 1,000 data localisation compliance audits and 2,000 monitoring procedures in a bid to check whether businesses are meeting their obligations under data localisation law. Russia’s...

Just one month before the new Data Localisation Law (‘the law’) is due to come into force, the Russian Ministry of Communications has published its long-awaited clarifications (in Russian) to the new law. These clarifications, although unofficial and non-binding, provide further guidance on the new law which will require all organisations processing personal data on...

News is filtering through that Russia may extend the deadline for requiring companies to process the personal data of its citizens on servers located within Russia, to sometime after the existing deadline of 1 September 2015. The original legislation had proposed an effective date of 1 September 2015, but in a press statement of 14...

This post was also written by Alexandra E. Allan and Tom C. Evans This alert follows our previous alerts on the Russia/Ukraine sanctions. U.S. Passes New Sanctions Authorizing Statute – Sends Russia Frigid End of Year Message President Obama: U.S. will “review and calibrate” sanctions in response to Russia’s actions On December 18, 2014, President Obama signed into...

On 5 December 2014, the European Commission published Regulation 1290/2014 (the Amending Regulation). This further amends Regulation 833/2014, which imposed sanctions against Russia in view of its actions in Ukraine. Several of the amendments appear to be aimed at clarifying the scope and application of the sanctions. Although not explicitly stated, this may be a...

As the United States and Russia continue to clash over Russia’s actions in the Ukraine, on September 12, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued additional sanctions further restricting designated Russian financial institutions’ access to capital markets, targeting Russian defense entities, and prohibiting exports to Russian entities that have been...

Effective August 6, 2014, the United States Department of Commerce’s Bureau of Industry and Security (“BIS”) issued new regulations, identified as the “Russian Industry Sector Sanctions,” restricting exports and other transfers of certain items subject to the Export Administration Regulations (“EAR”) that may benefit Russia’s energy sector.  Newly added EAR section 746.5 imposes licensing...

President Putin recently signed Federal Law No. 242-FZ (the “Law”) which amends Russia’s 2006 data protection statute and primary data security law (Laws 152-FZ and 149-FZ), to require domestic data storage of Russian citizens’ personal data. The Law will allow the websites that do not comply to be blocked from operating in Russia and recorded...

As a result of the ongoing Crimea conflict, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has issued new sanctions targeting Russian banks and energy companies.  This week, OFAC issued a Ukraine-related Sectoral Sanctions Identifications List (“SSI List”) and Directives 1 and 2 pursuant to Executive Order 13662 (the “Directives”) that provide two...

As a result of the ongoing Crimea conflict, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has issued new sanctions targeting Russian banks and energy companies. For further details, please see the recent post on Reed Smith’s Global Regulatory Enforcement Law Blog by Leigh Hansson and Hena Schommer.

Creditanstalt Investment Bank AG, et al. v. Holme Roberts & Owen, LLP, et al., Case No. 01-CV-1677 (Denver Colo. District Court June 2011), is an example of international litigation in a U.S. court making its way through trial and decision.  The decision should be read in conjunction with the discussion we just had in the...