Russian assets held through offshore vehicles: new developments

Stonebridge Legal team prepared an alert regarding a draft law “On Deoffshorisation”, which was introduced in the State Duma on 23 January 2023.

The draft law concerns:

  • Russian legal entities and individuals which own any assets in Russia through legal entities registered in specified offshore jurisdictions; as well as
  • any person (whether Russian or foreign) which manages assets in Russia through such legal entities.

Read in detail on the draft law in the alert at the link.

You might be interested

  • Double taxation treaty relief in question
    Double taxation treaty relief in question

    Stonebridge Legal Team prepared an alert regarding an initiative of the Russian Ministry of Finance and Ministry of Foreign Affairs to suspend double taxation treaties with all the foreign states designated as unfriendly.