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Operating Business Aircraft into Russia during the Coronavirus Pandemic

by Marks & Sokolov, LLC | Apr 28, 2020 | Blog

April 28, 2020 Derek Bloom Of Counsel, Marks & Sokolov, LLCPh: +1-202-230-9443Email: dbloom@mslegal.com These days, Russia is for Russians. Most foreigners are banned from traveling to Russia. Effective March 18, the Government of Russia banned the entry of most...

Personal income tax on deposits and bonds

by Marks & Sokolov, LLC | Apr 15, 2020 | Blog, M&S Updates

One of the measures related to the COVID-19 pandemic announced by President of the Russian Federation in his address to the nation made on March 25, 2020 is introduction of personal income tax in the form of interest on deposits and debt securities. This measure is...

Decrease of insurance payments from 30 to 15%

by Marks & Sokolov, LLC | Apr 15, 2020 | Blog, M&S Updates

One of the measures related to the COVID-19 pandemic announced by President of the Russian Federation in his address to the nation made on March 25, 2020 with regard to social-economic support for citizens, small and medium enterprises is the twofold decrease of...

Russia has Created an Exemption from Import VAT for Business Jets – What's Next?

by rekall | Dec 27, 2019 | Blog, M&S Updates

Date:   October 14, 2019 By:      Derek A. Bloom Russia has during 2019 taken the first two most important steps to create normal market conditions for the development of civil aviation in Russia. Step one was to shut down the use of foreign-registered aircraft that...

The Changed Regulatory Environment for the Operation of Business Aircraft in Russia

by Marks & Sokolov, LLC | Oct 30, 2019 | Blog, M&S Updates

By: Derek Bloom, Date: August 28, 2019 The year 2019 has been marked by a number of regulatory changes affecting the operation of business aircraft in Russia. The changes are twofold: there has been a drastic change in the application of temporary importation...

Reform of the Russian Civil Code Provisions on Financial Transactions: A Brief Overview

by Maria Grechishkina | Jan 25, 2018 | Blog, M&S Updates

As a part of the ongoing modernization of the Civil Code, Federal Law No 212-FZ “On the Introduction of Amendments to Parts One and Two of the Civil Code and Certain Legislative Acts of the Russian Federation” (the “Law”) was adopted on July 26, 2017. The proposed...
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