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MOSCOW | Roundtable: "Impact of Western Sanctions on the Russian Companies' Business Activities Abroad"

  • 06 Feb 2020
  • 9:30 AM - 1:30 PM
  • Moscow Chamber of Commerce and Industry (Petrovka street, 15, bldg. 1)

Dear CERBA Members and Partners,

We would like to invite you to the upcoming:

CERBA-MCCI Roundtable

"Impact of Western Sanctions on the Russian Companies' Business Activities Abroad"

On February 6, 2020, Canada Eurasia Russia Business Association (CERBA) and the Moscow Chamber of Commerce and Industry (MCCI) will hold a Roundtable on the bussiness activities of the Russian companies under the US and Canadian sanctions, using the example of Iran, Cuba, and Venezuela, discussing specific sanctions restrictions and how to minimize risks (including the acquisition and protection of assets; banking operations; interaction with state companies and agents, as well as the protection of Board members and officials).

Please be advised that the event will be held in RUSSIAN language.

DATE: Thursday, February 6, 2020

TIME: 9:30 AM – 13:30

VENUE: Moscow Chamber of Commerce and Industry (Petrovka street, 15, bldg. 1, Moscow) (view on map)

ADMISSION: Complimentary

LANGUAGE: Russian

RSVP: Please confirm your participation to [email protected], specifying your full name, company, position, and contact information.

ATTENTION: Space is limited, first-come-first-served rule will apply.

PROGRAM:

9:30 – 10:00     Registration

10:00 – 10:15   Welcome words by Mr. Suren Vardanyan, Vice-President, Moscow Chamber of Commerce and Industry (MCCI)

10:15 – 10:30   Welcome words by Mr. Nathan Hunt, Co-Founder and Moscow Board Chairman, Canada Eurasia Russia Business Association (CERBA)

10:30 – 11:40   Introduction to sanctions regimes

  • Nature and separate categories of sanctions and sanctions measures.
  • Jurisdiction (citizenship or territorial), the concept of "extra-territorial" and "secondary" sanctions.
  • Individual and sectoral sanctions.
  • Industry areas (energy sanctions, restrictions on access to finance and technology, trade blockades, etc.).
  • Features of the imposition of sanctions (law enforcement agencies, financial organizations, insurance companies, customs brokers, etc.) using the example of the United States and Canada.

11:40 – 12:00   Coffee break

12:00 – 13:10   Minimizing the risk of sanctions in practice

  • A brief overview of the law enforcement practice for 2019 and the data base of the Russian International Affairs Council for the past ten years (more than 200 cases).
  • Restrictions on the right to enter the United States and other countries, loss of licenses and permits, freezing of assets, closing of Bank accounts and inability to conduct banking operations, sanctions investigations and lawsuits.
  • Responsibility of members of the board of directors and officers.
  • Compliance of the event – thorough due diligence and accurate work with intermediaries, as well as state and non-state companies; detailed documentation of all transactions and transactions; liability insurance of BD members and officials; obtaining legal opinion and preliminary approval of state authorities for conducting a transaction or project; development of sanctions and anti-corruption policy of the company and regular training for the team on international projects.
  • Correlation of sanctions restrictions with anti-corruption measures (Foreign Corrupt Public Officials legislation and practice) and anti-money laundering (FATCA, etc.).

13:10 – 13:40   Q&A session

Speakers:

Тимофеев Иван (Программный директор, Российский совет по международным делам (РСМД))

Ivan Timofeev 
Program Director

Russian International Affairs Council (RIAC)

Брянский Николай (Адвокат, CITO Energy Law)

Nikolai Bryanskiy 
Lawyer

CITO Energy Law

Тарасов Алексей (Председатель Комиссии по внешнеэкономическому сотрудничеству с партнёрами в Канаде, МТПП)

Alexey Tarasov
Chairman of the Commission on Foreign Economic Cooperation with Partners in Canada 

Moscow Chamber of Commerce and Industry (MCCI)