Issues of Exclusive Jurisdiction of Russian Courts over Legal Persons Subject to Sectoral Sanctions of the USA and the European Union
The problem of finding ways to protect the rights and interests of legal persons involved in the United States and the European Union sectoral sanctions arose out the unpredictability of the United States and EU sanctions policy. For this reason, the changes were made to the Russian arbitration proceedings. The article analyzes the resent amendments to the Arbitration Procedural Code of the Russian Federation. The new norms provide for exclusive jurisdiction of Russian arbitration courts over disputes involving subjects of sectoral sanctions and disputes arising out of the United States and European Union sectoral sanctions. The amendments also include anti-suit injunction that allows a sanctioned person to preclude the other party from starting or continuing foreign court or arbitration proceedings. It was concluded that the changes in the arbitration proceedings that have come into force correspond to the trend generated by the recent amendments to the Constitution of the Russian Federation, which actually established the supremacy of the Constitution and Russian law over the relevant provisions of international law.