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20.10.2023
MINIMUM AMOUNT OF VOLUNTARY CONTRIBUTION OF FOREIGN COMPANIES LEAVING RUSSIA HAS FOREIGN INVESTMENT IN FISHERIES - SUBJECT TO SPECIAL CONTROL
In order to strengthen control over foreign investment in fisheries, the Government has adjusted the following:
- rules for forced termination of the right to extract aquatic biological resources;
- procedure for drawing up, issuance, registration, clarification, suspension and cancellation of permits for the extraction of aquatic biological resources.
In particular, a ban has been introduced on issuing fishing permits to Russian companies in which more than 35% of the rights to extract water resources belong to the foreign investors who control them.
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