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.
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