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
