Embracing isolation: Russia’s new protectionism

6 Nov 2014
Russia & CIS


Russia is now more isolated than at any time since Mikhail Gorbachev became General Secretary of the Communist Party of the Soviet Union in 1985. This is a consequence of President Vladimir Putin’s response to the Maidan revolution in Ukraine. The western sanctions and Russian counter-measures pose more than just a set of legal questions for trade lawyers to understand. Russia is attempting to reduce its exposure to the west. This means protecting and supporting home-grown Russian enterprises. It also means prioritising trade and investment relationships to the east and south. For western businesses with operations or trading partners in Russia this poses a new set of questions about the merits of doing business there. This Global Counsel Insight note explains the current trends, the risks that these pose and the implications for business.



The views expressed in this note can be attributed to the named author(s) only.