BOFIT Viikkokatsaus / BOFIT Weekly 2018/21

The bill was introduced last month after the US added new Russian entities and persons to its SDN sanctions list. The version of the bill approved in its third reading to the Duma on May 22, however, was formulated in notably more general terms than the original bill. Under the final version, the Russian president can, as needed, impose restrictions on unfriendly countries and firms operating under their jurisdiction. Possible counter-sanctions mentioned include import and export bans.

The Duma is also considering a bill that would criminalise enforcement of foreign sanctions in Russia, but it is still under discussion due to wide opposition.