14.07.2023

Russian counter-sanctions regulations: new developments

On 12 July 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 introduced changes to the guidelines for approval of divestments by investors associated with unfriendly states. Also, the excerpt listed conditions for payment of dividends to shareholders associated with such states.

Read in detail in the alert at the link:

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

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Temporary administration over Carlsberg’s Baltika lifted
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