1. Measures to be Taken by the Russian Customs Authorities
The Decree of the President of the Russian Federation No. 560,
dated 6 August 2014, bans or restricts foreign trade transactions
involving import to Russia of certain agricultural products, raw
materials and food originating from countries that decided to
impose economic sanctions on Russian individuals and (or) legal
entities, or that joined to such a decision for one year after the
date of the Decree (6 August 2014).
Following the Decree, the Russian Government issued Resolution
No. 778, dated 7 August 2014 (effective from the date of issue and
further amended by the Resolution No. 830 dated 20 August 2014)
that provides for:
a. The countries of origin of agricultural products, raw
materials and foods (the United States of America, the EU, Canada,
Australia and the Kingdom of Norway);
b. The list of agricultural products, raw materials and foods
banned for import in Russia (referring to the Foreign Economic
Activity Commodity Classification of the Customs Union) originating
from the above countries and banned for import to Russia.
The ban on imports to Russia of certain products according to
the above regulatory legal acts requires, first of all, to take the
necessary measures to control the importation of the relevant
products by the Federal Customs Service of the Russian Federation
(FCS of Russia) and its regional offices.
Tightened monetary policies leading to limited capital inflow to the securities market, its low liquidity and significant decrease in stock price partly contribute to the low attractiveness of Vietnam's stock exchange.
Each step taken towards achieving a unified codification on the international business law is of paramount importance in terms of providing parties a neutral, familiar and efficient legal infrastructure.
Once the government notifies the European Council that the UK has decided to leave the EU, the two-year period for the negotiation for exit under Article 50 of the Treaty of the European Union will start.
It is important to examine how the CISG was structured in order to identify where the relevant rules on the contract formation regime are located and examine their interaction with other provisions of the Convention.
The dispute "Russia – Tariff Treatment" deals with the import duties imposed by Russia on certain agricultural and manufacturing products in excess of its bound rates.
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