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.

 

Custom text Title Organization
May
7
2015
Further Amendments to Bank of Russia’s Basel III Requirements Published Morgan, Lewis & Bockius LLP
Apr
13
2015
Congress Returns To Washington, Focuses On Iran, Russia, Yemen And Possibly TPA; President Obama To Host Iraqi And Italian Prime Ministers This Week In Washington Squire Patton Boggs (US) LLP
Apr
10
2015
New Amendments to Russian Personal Data Law Impose Local Storage Requirements Morgan, Lewis & Bockius LLP
Apr
6
2015
New Russian CFC Rules Will Impact Inbound U.S. Tax Planning Bilzin Sumberg
Mar
23
2015
All Eyes On The Negotiations With Iran; US President To Host Afghan President Squire Patton Boggs (US) LLP
Mar
23
2015
Third Party Submissions in Russia – Part 2 of an 8 Part Series Michael Best & Friedrich LLP
Mar
19
2015
Creditors’ Rights Improve With Amendments to Russian Bankruptcy Law Squire Patton Boggs (US) LLP
Mar
16
2015
US Imposes New Sanctions; Congress Scrutinizes The Upcoming Iran Negotiations Deadline Squire Patton Boggs (US) LLP
Mar
9
2015
Senate Foreign Relations Committee To Focus On Ukraine And The AUMF Against ISIL; Obama Administration Still Holding On New Sanctions Related To The Situation In Ukraine; Senate Republicans Write An Open Letter To Iran’s Leaders Squire Patton Boggs (US) LLP
Mar
2
2015
Israel’s Prime Minister To Address Congress This Week, While Vice President Biden And Secretary Kerry Travel Abroad Squire Patton Boggs (US) LLP
Feb
19
2015
Russian Court Terminates Lease Agreement Using “Adhesion” Doctrine Morgan, Lewis & Bockius LLP
Feb
6
2015
Is Compulsory Licensing of Generic Medicines Coming to the Russian Federation? Michael Best & Friedrich LLP
Jan
29
2015
Global Sanctions Against Russia Present Potential Challenges to Aviation Finance & Leasing Companies Vedder Price
Jan
16
2015
President Obama’s New Executive Order Blocks Trade to Crimea Morgan, Lewis & Bockius LLP
Dec
29
2014
U.S. Government to Expand Ukraine and Russia-Related Sanctions Greenberg Traurig, LLP
Dec
19
2014
New Russian Sanctions Legislation Sheppard, Mullin, Richter & Hampton LLP
Dec
19
2014
Duma Votes to Accelerate Implementation Date of Russian Data Localization Bill By A Year Covington & Burling LLP
Dec
18
2014
Indonesia — Can it Unleash Needed Investment? Covington & Burling LLP
Dec
14
2014
The Nature and Extent of European Union Sanctions Against Russia and Ukraine Greenberg Traurig, LLP
Dec
9
2014
New Senate Bill Significantly Expands U.S. Sanctions Against Russia Morgan, Lewis & Bockius LLP
Dec
4
2014
Drop Your Weapons: The United States Restricts Military Exports to Venezuela Sheppard, Mullin, Richter & Hampton LLP
Nov
14
2014
OTC Derivatives Regulators Group Issues Report to G20 Leaders Katten
Nov
3
2014
EU Sanctions Against Russia and Their Impact on the Energy Sector Covington & Burling LLP
Oct
16
2014
Pennsylvania Court Recognizes That A Payment Required By Law Is Not A “Voluntary Payment” Requiring The Insurer’s Consent Proskauer Rose LLP
Oct
9
2014
Russia: Employers Have Until October 30 to Report Salaries of Highly Qualified Specialists Greenberg Traurig, LLP
Oct
9
2014
Russian Response To Sanctions? Covington & Burling LLP
Oct
7
2014
India Expected to Implement E-Visa Processing in 2015 Greenberg Traurig, LLP
Sep
30
2014
Energy and Environmental Law Update - September 29, 2014 Mintz
Sep
22
2014
U.S. Commerce Department Announces Restrictions on Items Intended For Military End Uses and Military End Users in Russia Covington & Burling LLP
Sep
20
2014
Department of State (DOS) Announces Some Visa Reciprocity Updates Greenberg Traurig, LLP
Sep
18
2014
New U.S. Restrictions on Russia: OFAC (Office of Foreign Assets Control) Guidance and Industry-Specific Sanctions Sheppard, Mullin, Richter & Hampton LLP
Sep
18
2014
EU Strengthens Economic Sanctions Against Russia Sheppard, Mullin, Richter & Hampton LLP
Sep
16
2014
Understanding the Russian Move Into Ukraine Covington & Burling LLP
Sep
15
2014
U.S. And EU Significantly Expand Sanctions and Export Control Restrictions Targeting Russia Covington & Burling LLP
Sep
15
2014
OTC Derivatives Regulators Issue Report Regarding Cross-Border Issues Katten
Sep
13
2014
Rough Road Companies Doing Business in Eastern Europe Covington & Burling LLP
Sep
11
2014
Cybersecurity: Litigation, Crime & Enforcement-September, 2014 Faegre Drinker
Sep
8
2014
Ukraine After the NATO Summit Covington & Burling LLP
Sep
8
2014
Processing Personal Data in Russia? Consider These Changes to Russian Law and How They May Impact Your Business McDermott Will & Emery
Sep
5
2014
U.S. Government Issues new Ukraine and Russia-Related Sanctions Greenberg Traurig, LLP
Sep
5
2014
Foreign Corrupt Practices Act – Keeping the Wolf At Bay Barnes & Thornburg LLP
Aug
27
2014
BIS (Bureau of Industry and Security) Publishes Rule on Export Prohibitions to Russia Faegre Drinker
Aug
21
2014
Cutting the Salami with Putin: Further Sanctions in Russia Covington & Burling LLP
Aug
18
2014
United States Adds to Economic Sanctions Against Russia Relating to the Conflict In Ukraine Hunton Andrews Kurth
Aug
18
2014
OFAC Issues New Guidance Regarding Entities Owned by one or More Designated Parties Covington & Burling LLP
Aug
15
2014
Sanctions Against Russia Hit on Multiple Levels Faegre Drinker
Aug
15
2014
Violation of Territorial Sovereignty: A Critical Point for Ukraine Covington & Burling LLP
Aug
12
2014
U.S. Commerce Department Restricts Energy-Related Exports and Reexports to Russia Covington & Burling LLP
Aug
8
2014
Cybersecurity: Litigation, Crime & Enforcement - Significant Case Developments Faegre Drinker
Aug
8
2014
How to Compete with China in Africa - African Growth and Opportunity Act Covington & Burling LLP
 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins