Russia – Coronavirus: certificate of force majeure

Rome, 2 April 2020 – On March 27, 2020, the Ministry of Economic Development of the Russian Federation informed that the Chamber of Commerce and Industry of the Russian Federation, also through its local offices, started to issue force majeure certificates in accordance with the conditions of trade agreements between Russian and foreign operators. Such certificates are issued free of charge.

The above mentioned measures were adopted following the declaration by the World Health Organization of the pandemic due to the spread of the coronavirus COVID-19 and the adoption by the state authorities of the restrictive measures aimed at preventing the above mentioned spread.

According to the clarifications of the Ministry of Economic Development of the Russian Federation, the circumstance of force majeure will be considered not the coronovirus epidemic but the restrictive measures and other initiatives adopted by public authorities in order to face the pandemic, preventing Russian companies from fulfilling their contractual obligations.

 

_________
DISCLAIMER
The contents of this publication is for informational purposes only. It is not intended to provide legal or other professional advice or opinions on specific facts or matters. Pavia e Ansaldo assumes no liability in connection with the use of this publication.

image_pdfimage_print