06.06.2023

Сontrol for the purposes of the counter-sanctions regulations

The Central Bank of Russia has issued a formal clarification (No. 3-OR dated 2 June 2023) in which it confirmed, with some elaboration, its previous position as to what constitutes control for the purposes of the counter-sanctions regulations.

Naturally, the matter is of importance as regards the proper application of counter-sanction regulations to subsidiaries and other investees of foreign companies.  

Read in detail in the alert at the link:

https://www.stonebridgelegal.ru/media/files/Alert_Russian_counter-sanctions_regulations_June_ENG.pdf

You might be interested

  • New payment procedure for Russian Eurobonds
    New payment procedure for Russian Eurobonds

    On 9 September 2023, Russian President Vladimir Putin signed Decree No. 665 “On the temporary procedure for the performance of state debt obligations of the Russian Federation owed to residents and foreign creditors and expressed in foreign currency-denominated government securities and other obligations under foreign securities”.

    13.09.2023