Investments Into Crimea
Pursuant to a treaty of accession between the Russian
Federation, Crimea and Sevastopol dated March 18, 2014 Crimea and
Sevastopol became integral parts of the Russian Federation as two
separate new Russian regions. As such, they fall under the
jurisdiction of the Russian Federation. The treaty provides for the
interim period that expires on January 1, 2015 during which the
Russian laws apply on the territory of Crimea with certain
restrictions required to softly replace Ukrainian regulation into
Russian regulation. This is obviously something that shall be
considered by a reasonable non-Russian investor contemplating
business-activity in Crimea. Given the recent European and US
sanctions against Crimea, the below shall be obviously reviewed by
Eastern investors.
