On 23 January 2024, Resolution of the Government of the Russian Federation No. 40 dated 22.01.2024 On Amendments to Resolution of the Government of the Russian Federation No. 295 dated 6 March 2022 was published. The Resolution clarifies the rules for approval by the Government Commission for Control over Foreign Investments in the Russian Federation of transactions requiring approval after countersanctions Presidential decrees.
Read in detail in the alert at the link:
As we advised in one of our previous client alerts, Presidential Decree On Temporary Administration of Certain Assets No. 302, dated 25 April 2023, introduced temporary administration in relation to certain Russian assets owned by foreign groups associated with unfriendly states, namely in relation to Uniper’s Russian subsidiary PAO Unipro and Fortum’s Russian subsidiary PAO Fortum. In July 2023, the list of assets subject to such temporary administration was expanded to include, among others Carlsberg’s Russian subsidiary Baltika Brewery LLC.
04.12.2024