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Global Trade Alert

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Russia: President of Russia transfers HMS Group owned by the Cyprus holding companies under temporary government administration

Description

On 30 December 2024, the President of Russia issued Decree No. 1130, placing HMS Group, owned by the Cyprus holding companies HMS Technologies Limited and Adrano Enterprises Limited, under temporary g...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

30 Dec 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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