ANNOUNCEMENT 15 Feb 2016

In February 2016, the government of the Russian Federation announced a general change in export conditions.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 15 Feb 2016 | Removal date: open ended

Export-related non-tariff measure, nes

Federal Law No. 16-FZ of 15 February 2016 tightens the rules concerning international trade in military goods.
Concretely, it introduces the rule that the right to exercise foreign trade activity in
the military products belongs to:

  • organisations, 51% of the shares of which is federal property and the rest of their shares belongs to Russian individuals and legal entities;
  • management companies, 51% of the shares of which is federal property or property of the state company 'Rostec' and the rest of their shares belongs to Russian individuals and legal entities.

The term in the law is "foreign trade activity", which implies exports and imports. Given that weapon exports are the dominant flow in this activity, the export destinations of Russian arms have been chosen as affected trading partners.

AFFECTED SECTORS