UPDATED:  This post was first published on December 19, 2014; it is now being updated to reflect President Putin’s signature of the bill discussed below on 31 December, 2014.

In July 2014, Russia enacted Law 242-FZ (the “Localization Law”).  The Localization Law amends the Russian Federal Law on Information, Information Technology and Information Protection, and

In July this year, Russia enacted Law 242-FZ (the “Localization Law”).  The Localization Law amends the Russian Federal Law on Information, Information Technology and Information Protection, and would introduce a new requirement for certain businesses (including in particular those processing data concerning Russian citizens and also maintaining offices in Russia) to ensure that personal data