Go back to Insights & events
25.08.2023

Russian counter-sanctions regulations: Softening the restrictions on dividend payments

On 23 August 2023, the Russian Ministry of Finance published an excerpt from the minutes of a meeting of the Sub-Commission of the Government Commission for Control over Foreign Investments (the ultimate decision maker in most matters concerning counter-sanctions), which softened the guidelines for granting approvals for the payment of dividends by Russian companies to their foreign shareholders associated with unfriendly states.

Read in detail in the alert at the link:

https://www.stonebridgelegal.ru/media/files/Alert_Control_over_Foreign_Investments__August_ENG.pdf

You might be interested

  • Temporary administration over Carlsberg’s Baltika lifted
    Temporary administration over Carlsberg’s Baltika lifted

    As we advised in one of our previous client alerts, Presidential Decree On Temporary Administration of Certain Assets No. 302, dated 25 April 2023, introduced temporary administration in relation to certain Russian assets owned by foreign groups associated with unfriendly states, namely in relation to Uniper’s Russian subsidiary PAO Unipro and Fortum’s Russian subsidiary PAO Fortum. In July 2023, the list of assets subject to such temporary administration was expanded to include, among others Carlsberg’s Russian subsidiary Baltika Brewery LLC.

    04.12.2024