A special recording procedure for certain securities will be in effect until the end of 2025
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News
25.07.2023
TERMS FOR THE WITHDRAWAL OF COMPANIES FROM UNFRIENDLY COUNTRIES FROM RUSSIA AND THE PAYMENT OF DIVIDENDS TO FOREIGN SHAREHOLDERS HAVE BEEN UPDATED
The terms for taking decisions on the issuance of permits for the alienation of the assets of Russian companies by foreign persons from unfriendly countries have been revised. Among the new ones are the repurchase of an asset at market value as of the date of exercise of such an option, the existence of an economic benefit for the resident owner of the asset and the limitation of the period of validity of the permit (as a rule, no more than two years from the date of the implementation (execution) of the initial transaction (operation)).
The terms for issuing permits for the payment of profits (dividends) to foreign creditors have also been updated in cases established by decrees of the President of the Russian Federation.
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