Monitoring of the Federal Legislation dated 13.08.2024

Federal Law No. 248-FZ of August 8, 2024 on amending the Code of the Russian Federation on Administrative Offences - The police can independently take decisions on administrative expulsion of foreigners from Russia

Federal Law No. 264-FZ of August 8, 2024 on amending the Code of the Russian Federation on Administrative Offences - Fines have been established for participation in the activities of undesirable organisations created by foreign states

Federal Law No. 275-FZ of August 8, 2024 on amending the Federal Law on Banks and Banking Activities - Foreign banks will be able to operate in Russia through branches

Federal Law No. 278-FZ of August 8, 2024 on amending the Federal Law on the Protection of the Rights and Legitimate Interests of Investors in the Securities Market - Restrictions have been introduced to combat financial pyramids

Federal Law No. 281-FZ of August 8, 2024 on amending Article 22 of the Federal Law on Citizenship of the Russian Federation - When receiving Russian citizenship, foreigners must register for military service.

Federal Law No. 303-FZ of August 8, 2024 on amending the Federal Law on Communications - Russians will not be able to have more than 20 SIM cards, foreigners will be able to have no more than 10 SIM cards.

Federal Law No. 305-FZ of August 8, 2024 on amending the Federal Law on Joint Stock Companies - Residents of special administrative regions can list their shares abroad only through friendly infrastructure

Federal Law No. 310-FZ of August 8, 2024 on amending the Federal Law on Licensing Certain Activities - General licensing rules have been simplified

Federal Law No. 318-FZ of August 8, 2024 on amending certain legal acts of the Russian Federation - The Russian Government will have the right to take measures that provide for a ban or restriction on the purchase of foreign goods. Priority in procurement will go to Russian manufacturers