TOP LEGAL EVENTS OF THE WEEK
The world community's indication of its adherence to the principles of justice is the decision of the International Criminal Court to investigate crimes committed by Russian servicemen in Ukraine. Moscow, meanwhile, is developing ways to circumvent sanctions.
The Kremlin refuses to recognize the International Criminal Court
The International Criminal Court is planning to pursue two cases against Russia. One of them is related to accusations of “abducting Ukrainian children and transporting them to Russia” and the other with deliberate attacks on civilian infrastructure. “We do not recognize this court, we do not recognize its jurisdiction. That's how it stays," said Dmitry Peskov.
Counterfeit in support of the state
The Ministry of Industry and Trade has included in the list of goods allowed for parallel import products from IKEA, household appliances Zanussi, toys Hasbro and Mattel (USA), clothing brands, cosmetics, perfumes and a number of other products. The import of such products without the permission of the right holder is not considered as a violation of exceptional rights. In this way, counterfeited and gray-market products enter the Russian market.
The Russian government will take money from Russians for war in Ukraine through "patriotic" bonds
The Russian government is planning to issue “patriotic” bonds to fill the federal budget. It is done under the slogan "ensuring financial sovereignty of the Russian Federation". As of March 10th 2023, surplus expenditures over revenues amounted to 3.2 trillion rubles.
Russia announced a platform for circumventing sanctions
The Russian Union of Industrialists and Entrepreneurs is developing a digital platform for international payments. As stated by the RSPP, "corporations will indicate where and which currency they would like to transfer or receive. And financial organizations, not only the Russian ones, will indicate some possibilities for transfers". The uniqueness of the system will be its anonymity, necessary for minimizing sanctions risks.