Global Trade Alert
Global Trade Alert

Russia: Restrictions on foreign investment and commercial transactions in the energy and financial sector

Announcement

05 Aug 2022

On 5 August 2022, the government of the Russian Federation published Presidential Decree No. 520 temporarily prohibiting certain commercial and investment transactions related to the "unfriendly" countries.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

05 Aug 2022

Revocation date:

No revocation date

FDI: Entry and ownership rule In force

On 5 August 2022, the President of the Russian Federation published Presidential Decree No.520 temporarily restricting certain transactions with Russian companies from the selected sectors. The measur...

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FDI: Treatment and operations, nes In force

On 5 August 2022, the President of the Russian Federation published Presidential Decree No.520 temporarily restricting certain transactions with Russian companies from the selected sectors. The restri...

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Controls on commercial transactions and investment instruments In force

On 5 August 2022, the President of the Russian Federation published Presidential Decree No.520 temporarily restricting certain transactions with Russian companies from the selected sectors. The restri...

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Related State Acts

17 Jan 2023

Russia: Authorisation for certain companies to exclude the votes of shareholders from the "unfriendly" countries

27 Mar 2023

Russia: Imposition of a mandatory payment upon divestment by the companies from "unfriendly" countries

30 Dec 2022

Russia: Government imposes additional restrictions on divestment and capital repatriation by the firms from "unfriendly countries"

16 Jul 2023

Russia: Government places foreign stakes in Danone Russia and Baltika under temporary government control

04 Nov 2022

Russia: Baker Hughes secures authorisation for divestment from Russia

28 Sep 2023

Russia: President of Russia authorises Intesa's divestment from Russia

11 Apr 2023

Russia: Government allows Shell to sell its share in the Sakhalin-2 operator and repatriate capital

18 Sep 2023

Russia: Mondi secures government authorisation for the sale of the Russian business

15 Nov 2023

Russia: President signs a decree allowing the transactions with USM

26 Sep 2023

Russia: The size of the "voluntary contribution" upon divestment is increased to 15% of the market value

23 Nov 2023

Russia: President signs a decree allowing the transactions related to JSC "Russian Coal"

02 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Russneft JSC

05 Feb 2024

Russia: President authorises the purchase of Grundfos Holding's subsidiary by a Russian company

15 Feb 2024

Russia: Daimler Truck secures government authorisation for selling its stake in Kamaz

19 Feb 2024

Russia: President authorises the acquisition of Russian HSBC subsidiary by a local bank

15 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Renaissance Insurance Group and Ozon Holdings Plc

20 Feb 2024

Russia: President authorises certain foreign investors' transactions related to Polymetal JSC and Taseevskoye LLC

19 Mar 2024

Russia: President authorises certain foreign investors' transactions related to Highland Gold

11 Mar 2024

Russia: President authorises the sale of Poligon-Technogen to Norilsk Nickel

19 Mar 2024

Russia: President authorises transactions related to Ermakovskoye LLC

03 Apr 2024

Russia: President authorises transactions with foreign-held shares in Geo Saha LLC

07 May 2024

Russia: President authorises the sale of shares by Gazprom Neft International SA to LLC Gratal

20 May 2024

Russia: President authorises Promazot to engage in transactions related to the capital of Minudobreniya JSC

29 May 2024

Russia: President authorises the sale of Nokia Solutions and Networks Oy's share in a Russian company

03 Oct 2024

Russia: President authorises the sale of Eurasia Drilling Company's share in a Russian company

14 Jun 2024

Russia: President authorises the sale of Coeclerici Group's shares in a Russian coal mining company

30 Oct 2024

Russia: Government further tightens the restrictions on divestment from the Russian market by companies from "unfriendly states"

25 Oct 2024

Russia: President authorises the sale of Fraport AG Frankfurt Airport Services Worldwide's share in the Russian holding company of the Pulkovo airport managing company

14 Nov 2024

Russia: President authorises the sale of TGV Investment Co Ltd's share in the Russian medical centre

28 Nov 2024

Russia: President authorises the sale of RUSELCO LLP's share in Russian Elevator Company LLC

20 Dec 2024

Russia: President authorises the sale of Natixis's share in Natixis Bank JSC

31 Jan 2025

Russia: President authorises the sale of Goldman Sachs Group Inc's share in its Russian subsidiary Goldman Sachs Bank LLC

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