On 31/03/2022 the Federal Antimonopoly Service of Russia proposed to ban contracts linked to foreign currency or world commodity indices in Russia.

On 01/04/2022 Russia introduces a moratorium on initiation of bankruptcy cases by competent courts on the grounds of creditors’ petitions.

On 23/03/2022 Russia’s plan to convert all payments for natural gas supplied to “hostile” states from euros and US dollars into rubles. President Vladimir Putin directed Gazprom to execute the change of the currency of payment in contracts with its customers.

The 21/03/2022 issue of the leading Russian business newspaper Kommersant features the article Fate of a Banker, in which Alexander Linnikov and L&P Of Counsel Salimkhan Akhmedov reflect on the controversial practice of bringing ex-managers of credit institutions to subsidiary liability for obligations of bankrupt banks and substantial problems in the application of law that are being unveiled in course of hearing of this complicated category of cases by the courts.

On 02/03/2022 a special procedure for registration real estate transactions that are carried out with persons of foreign states recognized as “hostile” to the Russian Federation.