09.03.2023

New Presidential Decree restricting securities trading

Stonebridge Legal Team prepared an alert regarding Presidential Decree No. 138 On Further Temporary Economic Measures relating to Securities Trading entered into force, which introduces several new restrictions on transactions with Russian securities between residents and non-residents from “unfriendly jurisdictions”, and also changes the regulatory regime established by previous presidential decrees relating to certain categories of transaction.

Read in detail in the alert at the link.

You might be interested

  • Temporary administration of Danone Russia cancelled
    Temporary administration of Danone Russia cancelled

    On 13 March 2024, a new Presidential Decree (No. 186) was enacted with immediate effect, which excluded AO Danone Russia from the List. The new decree does not say anything about the reasons behind the exclusion of AO Danone Russia and, thus, reinstatement of Danone’s control over its Russian subsidiary.

    15.03.2024