For companies leaving Russia, the amount of voluntary contribution to the budget will be increased to 15%, according to the decision of the Government Commission on Monitoring Foreign Investment in the Russian Federation. Before this moment the law obliges companies to pay only 10% of the market value of the company’s assets. Now the percentage will increase to 15%, which will complicate the exit procedure. The bill applies only to residents from unfriendly countries who previously conducted business on the territory of the Russian Federation.
Nadmitov, Ivanov & Partners Law Firm advises on Western sanctions and Russian counter-sanctions.
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