A special recording procedure for certain securities will be in effect until the end of 2025

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30.09.2022
A SPECIAL PROCEDURE HAS BEEN INTRODUCED FOR TRANSACTIONS WITH SHARES IN RUSSIAN LLCS, PERFORMED WITH THE PARTICIPATION OF PERSONS FROM UNFRIENDLY COUNTRIES

Decree of the President of the Russian Federation establishes a special procedure for transactions that directly and or) indirectly entail establishment or change of the rights of ownership, use and (or) disposal of shares in the authorised capital of an LLC or other rights that make it possible to determine conditions for managing such companies and (or) conditions for carrying out entrepreneurial activities by them, if such transactions are performed with participation of persons of unfriendly states. Such transactions man be carried out only on the basis of permits issued by the Government Commission for Control over Foreign Investments in the Russian Federation.

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