Legal Business

Sanctions: an unprecedented moment for doing business in Russia

YUST’s Evgeny Zhilin outlines the benefits.

2014 has brought many challenges to the Russian economy. The already modest growth rates that were demonstrated in the previous year were targeted even more by various sanctions imposed against Russia by the US, EU and some other jurisdictions. As a reaction to these, Russia has installed counter-sanctions in the food sector, hitting some of the European food producers hard.