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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Apr
6
2015
New Russian CFC Rules Will Impact Inbound U.S. Tax Planning Bilzin Sumberg
Jul
20
2015
New Russian Data Protection Requirements – Latest Position Squire Patton Boggs (US) LLP
Jul
12
2013
New Russian Intellectual Property Court is Open Michael Best & Friedrich LLP
Dec
19
2014
New Russian Sanctions Legislation Sheppard, Mullin, Richter & Hampton LLP
Jul
18
2014
New Sanctions Targeting Russian Financial and Energy Sectors Covington & Burling LLP
Dec
9
2014
New Senate Bill Significantly Expands U.S. Sanctions Against Russia Morgan, Lewis & Bockius LLP
Mar
24
2022
New State Aid Temporary Framework in The Wake of The Aggression Against Ukraine by Russia McDermott Will & Emery
Apr
18
2024
New Threat: Scattered Spider International Coalition of Hackers Robinson & Cole 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
Jan
3
2024
New U.S. Russia Sanctions Target Financial Support of Military-Industrial Base and Expand Ban of Seafood Imports Blank Rome LLP
Mar
15
2022
New U.S. Sanctions on Russia And Belarus Impose Trade and Investment Restrictions on Luxury Goods and Russia's Energy Sector K&L Gates
Mar
2
2022
New U.S. Sanctions on Russia and Belarus in Response to the Ukraine Invasion Impose New Compliance Responsibilities Foley & Lardner LLP
Apr
6
2018
New U.S. Sanctions Raise the Stakes for Companies Doing Business with Russia and Russian Entities Faegre Drinker
Apr
7
2022
New U.S. Sanctions Restrict Investment and Services in Russia and Block Major Russian Banks K&L Gates
Jul
19
2014
New Ukraine-Related Sanctions Imposed on Russian Interests McDermott Will & Emery
Jan
15
2019
New Year Sanctions Roundup: Where Do We Stand? Sheppard, Mullin, Richter & Hampton LLP
Sep
12
2023
No Breach Too Small: OFSI Reports First Breach of UK’s Russian Sanctions Regulations Greenberg Traurig, LLP
Mar
8
2012
Non-EU Countries Oppose Inclusion of Emissions from Airlines in EU ETS McDermott Will & Emery
May
18
2016
Nordic Leaders Summit, TPP Developments, Senate Hearing on Trade Enforcement, Defend Trade Secrets Act: Trade Talk in Review Squire Patton Boggs (US) LLP
Jan
30
2018
Nothing to See Here: Treasury Report Naming Russian Oligarchs Rehashes Old News and Provides No New Sanctions Ballard Spahr LLP
Mar
9
2022
NYDFS Issues Cybersecurity Guidance in Response to Events in Ukraine Sheppard, Mullin, Richter & Hampton LLP
Jul
20
2015
Obama Administration Reaches Out To Congress On The Iran Deal; TPP Chief Negotiators To Meet, Push To Conclude A Deal; TIP Report Overdue Squire Patton Boggs (US) LLP
Dec
22
2015
OFAC Actions Against Russia Increase Certainty for Compliance Programs Holland & Hart LLP
May
25
2017
OFAC Declines to Issue Waivers for Prohibited Russian Oil Operations Squire Patton Boggs (US) LLP
Jun
15
2023
OFAC Expands Russian Sanctions Squire Patton Boggs (US) LLP
Aug
18
2014
OFAC Issues New Guidance Regarding Entities Owned by one or More Designated Parties Covington & Burling LLP
May
10
2018
OFAC Issues New Russia-/Ukraine-related Designations Squire Patton Boggs (US) LLP
Feb
2
2024
OFAC Issues Russian Oil Price Cap Alert on Evasion Techniques Nelson Mullins
Feb
15
2018
OFAC Releases CAATSA Reports to Congressional Committees Squire Patton Boggs (US) LLP
Oct
16
2023
OFAC Sanctions Two Non-U.S. Firms For Breaching Russia Price Cap Policy Nelson Mullins
Jun
24
2014
Office of Foreign Assets Control (OFAC) Makes Significant Revisions To Its SDN List: Removal of Hundreds of Designated Narcotics Traffickers, Additional Listing of Parties In Ukraine Covington & Burling LLP
Feb
3
2017
Office of Foreign Assets Control Publishes Cyber-Related General License 1 Polsinelli PC
May
12
2014
Office of Foreign Assets Control Publishes New Syria and Ukraine Sanctions Regulations; Designates Russian Bank For its Involvement in Syrian Unrest Covington & Burling LLP
Apr
21
2020
OFSI Russian Sanctions Penalty; Foreshadows Increasing UK Enforcement? Squire Patton Boggs (US) LLP
Nov
21
2022
OFSI’s Annual Review Highlights Effect of Sanctions on Russia Greenberg Traurig, LLP
 

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