On 30 October 2024, an excerpt from Minutes No.268/1 of the meeting of the Sub-Commission, dated 15 October 2024, was published on the website of the Russian Ministry of Finance, which lists the new rules that the Sub-Commission will follow when reviewing the transactions whereby non-Russian companies associated with unfriendly states sell their Russian securities, including shares/equity interests in Russian companies. The new rules are exactly the same as we advised in our previous alert of 11 October 2024.
Read in detail in the alert at the link:
