Facing a devastating political and business situation, many are wondering what to do now and whether they should continue or end their operations in Russia.

Events are developing rapidly, and the President of Russia signed yesterday (February 28, 2022) a decree putting in place special economic measures in connection with the unfriendly actions of the United States of America and foreign states and international organizations that have joined them.

The Russian Ministry of Finance informed today that Russian residents will be required to sell 80% of hard-currency earnings received under foreign trade contracts.

The Ministry of Health has relaxed the requirements set out in the decree regulating the procedure for foreign nationals to go through medical examinations.

This time of the year has come again when companies need to approve their financial results for the previous year.

The portal Pravo.ru published on February 11 its annual individual ranking of lawyers by area of law as a continuation of Pravo.ru-300 law firm rating, the results of which were announced in December.

Rossiya 24 TV channel broadcast today a story about new obligations introduced at the end of last year, requiring foreign nationals to get fingerprinted, photographed and go through medical examinations

On Thursday, January 27, an online training was held in English for member companies of the Finnish-Russian Chamber of Commerce doing business in Russia.

Numerous legislative changes usually enter into force at the beginning of the year, and 2022 was no exception. We have outlined in this review the main changes in the regulations that will become effective in 2022.

We have compiled in this newsletter all currently available information regarding the new rules for fingerprinting, photo taking and medical examinations applicable to foreign nationals, which will take effect on December 29, 2021.