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Global Trade Alert

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Russia: Authorisation of profit distribution among the shareholders from "unfriendly" countries in rubles

Description

On 4 May 2022, the President of Russia issued Decree No. 254, mandating the distribution of profits generated by Russian limited liability companies among the investors from the "unfriendly states" to...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

04 May 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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