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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

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