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

Russian Foreign Investment Rules: New Developments
On 8 March 2026, the Russian President signed Law No 51-FZ which amended the Law on Foreign Investment in Strategic Assets and introduced related changes to the Law on Foreign Investments in the Russian Federation, the Law on the Protection of Competition and a number of sector-specific laws. The amendments, most of which will come into force on 7 June 2026, are aimed at strengthening the Russian foreign investment rules.

13.03.2026