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ARTICLE · 30 MARCH 2022

Russian Sanctions Could Impact IP Holdings In Russia And Eurasia

Duane Morris LLP
Duane Morris LLP
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In addition, the Russian government has decreed that owners of Russian patents from designated "unfriendly" countries will not be entitled to any compensation for use of their patents.

GlobalIntellectual Property
Vicki Norton, Ph.D.
Vicki Norton, Ph.D.
Deborah L. Lu, Ph.D.
Deborah L. Lu, Ph.D.
Thomas J. Kowalski
Thomas J. Kowalski
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In addition, the Russian government has decreed that owners of Russian patents from designated "unfriendly" countries will not be entitled to any compensation for use of their patents. 

The U.S. government has enacted a myriad of new sanctions through executive orders that prohibit U.S. and non-U.S. companies from engaging in a wide range of activities with numerous government-related and private entities and individuals in Russia, Belarus and parts of Ukraine. These actions include designating certain Russian financial institutions, entities and persons as specially designated nationals (SDNs) and ensuring that selected Russian banks are removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, which effectively serves to cut them off from the U.S. market and much of the global financial system. 

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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