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On 3 July 2016, the President of Russia signed the law (the Law) amending Federal Law No. 381-FZ dated 28 December 2009 "On the Fundamentals of State Regulation of Trade Activity in the Russian Federation" (the Trade Activity Law) and the Code of Administrative Offences. The Law will enter into force from 15 July 2016. Agreements concluded before the amendments' effective date will have to be brought into compliance with the amended provisions by 1 January 2017, otherwise any contradicting provisions shall become null and void from 1 January 2017.

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