TOP LEGAL EVENTS OF THE LAST WEEK

Russia continues to move towards self-isolation. The long-term consequences of the sanction policy against Russia are becoming visible. Russian Federation has granted Western companies a choice in 2022: either become complicit in crimes against Ukraine or exit the market and incur losses. The militarization of the Russian economy has forced leaving even those companies that initially operated under humanitarian goals. Approximately 1,500 international companies have abandoned strategic markets, either selling their factories for a pittance or not making any profit. Effectively, these companies have incurred losses due to their position and extortion by the Kremlin. More and more companies keep leaving Russia, despite the unfavourable conditions for exiting their business from the country.

European countries are refusing to cooperate with Russia in terms of international law. Against the backdrop of the ongoing war with Ukraine, there has been a sharp increase in the number of refusals to engage in international legal cooperation and extradite accused individuals from other countries to Russia.

Authorities have increased the contribution of businesses leaving Russia. The government commission has decided to increase the "voluntary contribution" to the budget from companies leaving Russia from 10% to 15% of the total market value of the organization.

Binance Exchange is leaving Russia. The company has published a corresponding statement on its website. The world's largest cryptocurrency exchange, Binance, is selling its entire Russian business.

Carlsberg terminates licensing agreements with "Baltika". The brewing company "Baltika" is concerned that its former controller, Carlsberg Group, will deprive the organization of rights to well-known brands, including Tuborg and Kronenbourg.