A cap has been introduced on the discount applied to the price of Russian Urals crude oil relative to Brent crude for the purpose of calculating oil extraction and export taxes. This measure aims to stabilize government revenue by preventing excessive reductions in the tax base when Urals oil trades at a steep discount to global benchmarks.
General
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Criminal penalties for violating stability and security rules of Russia’s Runet
Criminal liability for violations of the rules ensuring the stability and security of the national segment of the Internet (“Runet”)
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Auctions permitted for bankrupt real estate linked to entities from unfriendly countries
Auctions allowed for bankrupt real estate under the control of foreign persons from unfriendly countries.
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Deferral of insurance premiums for selected sectors
Manufacturers of soaps, detergents, cleaning and polishing products, cosmetics and perfumes will receive a one-year deferral on the payment of insurance premiums
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Duty deferrals and interest-free installments for key enterprises
Monotown enterprises supported to enhance economic stability in Member States are granted deferrals or installment plans for import customs duties, without interest charges.
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Generous advances in public procurement
Companies participating in public procurement will be able to receive up to 90% of the contract price as an advance in 2022.
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Individual designations, third countries, expanded banned goods list
Asset freezes targeting 11 Russian individuals, 29 entities, and 3 banks.
Prohibited exports to 22 Russian military-related entities and 31 entities in third countries (e.g., China, Turkey, UAE) suspected of facilitating sanctions evasion.
Banned 335 goods that could strengthen Russia’s industrial base, such as engines, audio equipment, and tools. -
Shadow fleet vessels and individual designations
Designated 44 entities and 32 individuals, both Russian and non-Russian, supporting Russia’s military-industrial complex or involved in the unlawful deportation of Ukrainian children. Added 109 vessels associated with Russia’s shadow fleet to the sanctions list.
Expanded bans on goods used in weapons manufacturing and prohibiting contracts with certain ships. -
Shadow fleet vessels and individual designations
Shadow fleet vessels and individual designations.
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Sanctioning Russia Act (Proposed)
Imposition of a 500% tariff on countries purchasing Russian-origin energy products.
Expanded sanctions targeting Russia’s banking and energy sectors.
Authorization to use frozen Russian assets for military financing to Ukraine.