The firm's managing partner, Alexander Nadmitov, gave a comment to RBC about the tightening of the rules for the exit of foreign investors.
In February, the Ministry of Finance amended the rules for the exit of foreign investors from the capital of Russian companies, making them stricter. Now, no more than three months should pass from the moment the report on the valuation of an asset is prepared until the meeting of the subcommittee of the government commission for the control of foreign investments in Russia. "The applicant shall ensure the submission of a report on the valuation of the subject of the transaction (operation), prepared no more than three months before the date of the meeting of the subcommittee, including its updating. At the same time, the period from the date of the valuation of the subject of the transaction (operation) to the date of the preparation of the report on the valuation of the subject of the transaction (operation) shall not exceed six months," says the updated form, published on February 21 on the website of the Ministry of Finance.
Previously, until February 2025, a report on the valuation of an asset or share in a company could be prepared six months before the meeting of the subcommittee.
Funds received by the budget from transactions on the sale of Russian assets belonging to investors from unfriendly countries are sent to the federal treasury. Permission for such transactions is issued by a subcommittee of the government commission on foreign investment. One of the mandatory conditions for approving a transaction is the payment of a contribution to the budget.
Since the fourth quarter of 2024, the authorities have increased this contribution from 15 to 35%, and the mandatory discount to the market price of the asset has increased from 50 to 60%. If the transaction amount exceeds 50 billion rubles, it must be additionally approved by the president.
Alexander noted that the adjustments to the rules of the Ministry of Finance are aimed at ensuring the relevance and reliability of the data provided on the valuation of companies when considering applications.
Source: https://www.rbc.ru/business/13/03/2025/67d19f789a794711799b6c71?from=from_main_1
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