Russia

The Russian Federation is a sovereign country in Eurasia, and is the largest country in the world by area. With over 144 million people living in the country, it is the ninth most populous country. With about 77% of the country’s population living in the European-Russia, a majority of these areas are highly urbanized in the country.

After the Russian Revolt, the Russian Soviet Federative Socialist Republic was the largest constituent in the country and was the world’s first socialist-state. The country had a major impact during WWII and was a major rival to the US during the Cold War. In the 20th century, many of the world’s most significant technological advancements, including the first satellite launching, occurred during the Soviet Era.

Ranked by nominal GDP, Russia has the 12th highest GDP in the world, and the sixth largest purchasing power parity (2015). Mineral and energy reserves are highly prominent, and the country has the largest reserves worldwide. It is one of the world’s five-recognized nuclear states, and possesses the largest stockpile of weapons of mass destruction in the world.

Russia is a member of NATO, G20, World Trade Organization, Organization for Security and Co-operation in Europe, Asia-Pacific Economic Cooperation, the United Nations Security Council, and other worldwide organizations.

Today the country is a federal with semi-presidential rule, with the President being the head of the state, and Prime Minister is the head of the government. It is comprised of the three governmental branches (legislature, judiciary, executive). Presidential elections are held every 6-years, and determined by popular vote.

The Russian government is anchored by the Legislative branch consisting of the bicameral Federal Assembly of Russia, divided into two branches.  The first is the 450 Member State Duma, the lower house of the legislature that meets in Moscow and replaced the Supreme Soviet in the Constitution approved by the Russian Public after the Constitutional Crisis of 1993, and was approved by the Russian people through a public referendum.  The upper house of the Russian legislature is the Federation Council, which consists of two representatives from each section from the Russian Federation. The Federation council reviews bills passed by the State Duma on fiscal matters, and this chamber also oversees border changes, approval of presidential decrees on states of emergency, martial law, and the deployment of Russian Armed Forces outside of Russia, among other duties including removal of the president from office.

The Russia Judiciary consists of the Constitutional Court, Supreme Court and lower federal courts, with judges appointed by the Federation council with recommendations from the President. The Constitutional Court’s purpose is to protect the Constitution of Russia- known as “Constitutional Control” or “Constitutional Supervision.’  Nineteen judges sit on this court, divided into two chambers of 10 and 9 judges, respectively. The Chairman presides over one chamber, and the Deputy Chairman presides over the other.  Judges are nominated by the President and appointed by the Federation Council for a 12 year term, and all judges must be a Russian Citizen, 40 years of age, possess a legal education, and have attained “high qualification” after being a lawyer for at least 15 years. The Supreme Court of the Russian Federation, similar to the US Supreme Court, is the court of last resort for administrative, civil and criminal cases.

Russia is recognized as a successor state of the Soviet Union. The country is one of the five-members of the UN Security Council, playing a major role in international peace and security. After dissolution of the Soviet Union, the country has also engaged in better relations with NATO and the United States.

The National Law Review covers the latest stories which are developing in Russia and around the world. From the interference with the 2016-US Presidential Election, LGBT rights, media freedom and Trade sanctions against Russia are some of the stories visitors will find on the site. Trade relations, embargos, international affairs, and information about the Kremlin, Putin, and the country’s impact on the United States and the rest of the world, are topics which are highly covered on the National Law Review.

 

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Sep
3
2016
EU Sanctions Against Russia Adopted and Extended; Sanctions Extended Concerning Crimea and Sevastopol Greenberg Traurig, LLP
Jul
29
2017
ExxonMobil Challenges OFAC’s First Russia Sanctions Penalty Holland & Hart LLP
Apr
10
2015
New Amendments to Russian Personal Data Law Impose Local Storage Requirements Morgan, Lewis & Bockius LLP
Feb
25
2018
Sessions, Oprah, Obama but not the Russians in Trump’s On-Going Twitter War The National Law Review / The National Law Forum LLC
Jan
13
2017
2017 Begins with Additional U.S. Sanctions on Russia for Malicious Cyber-Related Activities Polsinelli PC
Jul
24
2013
A Call to Rewrite the Fundamentals of International Taxation: the Organization for Economic Co-operation and Development (OECD) Base-Erosion and Profit-Shifting (BEPS) Action Plan McDermott Will & Emery
Mar
3
2022
A Recap of President Joe Biden’s State of the Union Address Foley & Lardner LLP
Dec
15
2021
A Ruble Without a Cause: What Economic Sanctions on Russia May Mean for Your Business and Global Finance Sheppard, Mullin, Richter & Hampton LLP
Sep
19
2019
A Week of Surreal Headlines: A Charging Bull Smashed by Man Wielding Banjo, A Stolen 18-Karat Gold Toilet, and a $20 Million Consignment Decided by a Game of Rock, Paper, Scissors Wilson Elser Moskowitz Edelman & Dicker LLP
Oct
2
2012
Accounting Requirements to Change in Russia Morgan, Lewis & Bockius LLP
Mar
5
2020
ACTA Update March 5, 2020 - Top International News in Chemical Policy and Regulation Bergeson & Campbell, P.C.
Dec
8
2022
Active Russian Agent Andrii Derkach Indicted for Scheme to Violate Sanctions in the United States The U.S. Department of Justice
Apr
13
2022
Additional Import and Export Restrictions in Response to Russia’s Aggression in Ukraine Sheppard, Mullin, Richter & Hampton LLP
Mar
23
2015
All Eyes On The Negotiations With Iran; US President To Host Afghan President Squire Patton Boggs (US) LLP
Jan
9
2017
Alleged Russia Cyber Aggression Examined; Obama Administration Releases Exit Memos; Congress To Consider Trump Administration Cabinet Nominees This Week Squire Patton Boggs (US) LLP
Dec
20
2013
Amendments to Bank of Russia’s Basel III Requirements Published Morgan, Lewis & Bockius LLP
Feb
5
2013
Amendments to Russian Civil Code Related to Immovable Property Morgan, Lewis & Bockius LLP
Jul
6
2013
Amendments to Russian Urban Development Code: Clarifications on Tort Liability Morgan, Lewis & Bockius LLP
Mar
3
2022
Amid a Minefield of Sanctions and Export Controls, Here's How to Provide Aid to Ukraine Bracewell LLP
Dec
14
2022
AML Bill Key to Busting Russian Oligarchs Kohn, Kohn & Colapinto
May
29
2014
An Overview of Biosimilars in the Russian Federation Michael Best & Friedrich LLP
May
6
2016
An Overview of the USTR’s 2016 Special 301 Report on the State of IPR in Russia Michael Best & Friedrich LLP
Mar
22
2023
Ankura CTIX FLASH Update - March 17, 2023 Ankura
Oct
5
2022
Ankura CTIX FLASH Update - September 30, 2022 Ankura
Apr
1
2023
Anniversary Brings 200 Percent U.S. Tariffs On Russian Aluminum And Increased Tariffs On Other Products Barnes & Thornburg LLP
Jan
22
2023
Arrest and Criminal Charges Announced Against British and Russian Businessmen for Facilitating Sanctions Evasion of Russian Oligarch’s $90 Million Yacht The U.S. Department of Justice
Feb
7
2013
Art Law: Russian Revolution Redux - Seized Painting During Russian Revolution Sheppard, Mullin, Richter & Hampton LLP
Jul
19
2022
Avoiding Supply Chain Disruption in an Era of Geopolitical Risk Foley & Lardner LLP
Mar
1
2022
Banks and FinTechs Beware: Here Come the Sanctions What We Can Learn from Previous OFAC Actions Involving FinTech Companies Nelson Mullins
Apr
19
2022
Between a Rock and a Hard Place: The Sanctions Climate for Foreign Investment in Russia - Part I of II K&L Gates
Apr
26
2022
Beware of Cybersecurity Threats to Critical Infrastructure! Foley & Lardner LLP
Apr
23
2021
Biden Administration Expands Russia Sanctions Squire Patton Boggs (US) LLP
Apr
8
2022
Biden Administration Rolls Out New Tranche of Sanctions on Russia Blocking Major Russian Banks and Elites and Prohibiting New Investment ArentFox Schiff LLP
Aug
27
2014
BIS (Bureau of Industry and Security) Publishes Rule on Export Prohibitions to Russia Faegre Drinker
Feb
14
2018
BIS Adds Two Entities to the Entity List Squire Patton Boggs (US) LLP
Apr
12
2022
BIS Amends Export Administration Regulations with Respect to Russia and Belarus Squire Patton Boggs (US) LLP
Feb
20
2024
BIS Amends the EAR To Implement Additional Sanctions Against Russia and Belarus and To Revise Existing Export Controls on Russia, Belarus and Iran Squire Patton Boggs (US) LLP
Apr
22
2023
BIS Amends the EAR to Impose Additional Sanctions Against Russia and Belarus and to Impose Additional Export Controls on Iran Squire Patton Boggs (US) LLP
Apr
29
2020
BIS Broadens Prohibition on Exports to China, Russia and Venezuela for Military End Users or Military End Use, Requires EEI Filing for almost all Non-EAR99 Exports to these Destinations, Irrespective of Value or Sensitivity, Eliminates License Exception C Wiggin and Dana LLP
Mar
3
2023
BIS Charging Letter Oberheiden P.C.
May
1
2020
BIS Expands Export, Reexport and Transfer (In-Country) Controls for Military End Use or Military End Users in China, Russia or Venezuela Squire Patton Boggs (US) LLP
Mar
31
2022
BIS Grants Authorization of Aircraft to Leave Russia and Updates List of Aircraft Operating in or to Russia in Violation of Export Controls Katten
Aug
3
2022
BIS Identifies First Foreign-Produced Commercial Aircraft Exported to Russia in Apparent Violation of US Export Controls Katten
Oct
6
2022
BIS Issues New Export Controls on Russia and Belarus Squire Patton Boggs (US) LLP
Apr
8
2022
BIS Takes Enforcement Action Against Russian Airlines — but not Lessors or Financers — For Flights to or Within Russia Katten
Mar
7
2023
Boots on the Ground or Hands on a Keyboard: Merck and Insurers Battle Out the War Exclusion Hunton Andrews Kurth
Mar
24
2022
Bracewell Sidebar: Know Your Client, Know Your Customer, Know Your Counterparty Practice [PODCAST] Bracewell LLP
Mar
14
2014
BRIC-a-BRAC: March 14, 2014 Michael Best & Friedrich LLP
Jan
31
2014
BRIC-a-BRAC: News Items from BRIC Companies January 31, 2014 Michael Best & Friedrich LLP
Feb
4
2014
Bureau of Industry and Security (BIS) Orders Company to Conduct External Audit in Settlement Faegre Drinker
 

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