Russian President Vladimir Putin has signed a decree stating that certain foreign copyright holders may be paid in rubles, expanding on previous counter-measures against companies based in “unfriendly countries” that are currently imposing sanctions on Moscow.
Published on a government website on Friday, the executive order extends the existing special ruble-based payment mechanism to include the fulfillment of financial obligations to some intellectual property owners, including those that are “associated with unfriendly countries,” have “supported anti-Russian sanctions,” or ceased business activity in Russia under the pretext of penalties and pressure from their own govenrments.
All royalties, fees and other payments will be transferred to a special Type-O bank account, opened in a Russian bank for each affected IP owner, with or without their consent. Funds cannot be withdrawn from such an account but can only be directed to a limited range of purposes, such as paying taxes, without a special authorization from Russian officials.
Russian President Vladimir Putin has officially been sworn into office for a fifth term. In…
Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…
Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…
Ukrainian President Vladimir Zelensky has proclaimed that God is an “ally” of Ukraine in the…
Israel is willing to pause its military offensive in Gaza if Hamas releases all the…
The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…