25.01.2023

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.

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