SANCTIONS AND FORCE MAJEURE IN CIVIL TRANSACTIONS: THE PROBLEM OF CORRELATION
Journal: BULLETIN OF ECONOMIC SECURITY
№ 3
, 2024
Rubrics: MAIN SECTION
Authors:
1.
Russian State Social University
2.
Moscow University of the Ministry of Internal Affairs of Russia named after V.Ya. Kikot’
Type:
Article
Pages:
from 130
to 133
Status:
Published
Received:
06.07.2024
Accepted:
15.07.2024
Published:
25.07.2024
Subject area:
UDC 347.78.01
Language:
Russian
Keywords:
circumstances beyond control, force majeure, sanctions, import substitution, contract
Abstract:
First, the pandemic, and then the extreme escalation of sanctions, complicated the execution of civil contracts, the parties to which began to refer to these circumstances as having force majeure, indicating not that they could neither foresee, nor predict, nor overcome them. The emerging Russian judicial practice is based on not recognizing sanctions as force majeure circumstances, force majeure, classifying them as business risks.
First, the pandemic, and then the extreme escalation of sanctions, complicated the execution of civil contracts, the parties to which began to refer to these circumstances as having force majeure, indicating not that they could neither foresee, nor predict, nor overcome them. The emerging Russian judicial practice is based on not recognizing sanctions as force majeure circumstances, force majeure, classifying them as business risks.
Keywords:
circumstances beyond control, force majeure, sanctions, import substitution, contract
circumstances beyond control, force majeure, sanctions, import substitution, contract
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