The Government Commission for Monitoring the Implementation of Foreign Investments in the Russian Federation, formed in accordance with the Federal Law "On the Procedure for Foreign Investments in Business Entities of Strategic Importance for ensuring the defense of the Country and the Security of the State" to monitor the implementation of foreign investments in business entities of strategic importance for ensuring the defense of the country and the security of the state, is engaged in issuing permits for transactions with shares in the authorized capital of LLC with persons, which are associated with unfriendly countries (with the exception of credit and non-credit financial organizations).
In accordance with the amendments of 19.09.2022, the Government Commission received additional powers to impose restrictions on the crediting of foreign currency by residents to their accounts (deposits) with foreign banks and on transfers using electronic means of payment provided by foreign payment service providers.
The amendments entered into force from the day of publication of Government Decree No. 1651 of 19.09.2022.
Nadmitov, Ivanov & Partners law firm actively advises clients on corporate law, M&A transactions, including transactions with LLC shares involving foreigners, as well as obtaining approvals from the Government Commission for the Control of Foreign Investment.
Email: info@nplaw.ru
Тел.: +7 (495) 649-87-12
Тел.: +7 (495) 649-87-12