Sanctions and Civics

In the current environment, Russian and foreign market participants are experiencing a crisis in economic relations. The unprecedented nature of the restrictive measures introduced (sanctions and counter-sanctions) entails serious changes to the surrounding economic landscape: disruptions to supply chains, increased complexity in relations with counterparties, and rising prices for capital, materials, and equipment. All of this affects the overall ability to do business in such challenging times and, in particular, the ability to execute contracts on previous terms. This session will discuss the impact of sanctions restrictions on contractual obligations, the possibility of their adaptation or termination, and issues related to liability for failure to perform contractual obligations as a result of sanctions restrictions.