Global Trade Alert
Global Trade Alert

Russia: Restriction for the investors from "unfriendly states" in the "establishment, modification or termination" of ownership of Russian LLCs

Announcement

08 Sep 2022

In September 2022, the Russian president signed Decree No. 618, imposing restrictions on investors from "unfriendly states" in relation to the "establishment, modification or termination" of ownership of Russian LLCs. 

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Sep 2022

Revocation date:

No revocation date

Related State Acts

01 Jul 2025

Russia: President exempts certain types of investment transactions from existing counter-sanctions measures to facilitate new FDI by foreign investors from "unfriendly" states

18 Apr 2025

Russia: President instructs the government to adopt additional restrictions for foreign investment and commercial transactions by entities from "unfriendly" states

28 Dec 2024

Russia: Vinci SA conducts divestment from the Russian market with the government authorisation

05 Dec 2024

Russia: Roca Group completes its divestment from the Russian market with government authorisation

30 Oct 2024

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

03 Oct 2024

Russia: UNIQA and Raiffeisen Bank International sell their shares in the Russian insurance company with government authorisation

25 Sep 2024

Russia: Marsh & McLennan Companies completes its divestment from the Russian market with government authorisation

04 Sep 2024

Russia: Government authorises the divestment of Unilever from the Russian market

06 Aug 2024

Russia: Government blocks the Stake Purchase in AB InBev Efes by Efes Breweries International BV

24 Apr 2024

Russia: Government authorises Hugo Boss's sale of Russian business

11 Apr 2024

Russia: Several Japanese companies divest from TM Baikal with government authorisation

22 Mar 2024

Russia: Danone receives government authorisation for the sale of its Russian business to Vamin R LLC

05 Mar 2024

Russia: Government commission authorised the sale of Yandex NV's shares to Russian investors

15 Feb 2024

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

20 Dec 2023

Russia: Bridgestone secures government authorisation for divestment from the Russian market

19 Dec 2023

Russia: Hyundai Motor secures government authorisation for divestment from the Russian market

04 Dec 2023

Russia: Adeo Group conducts divestment from the Russian market with the government authorisation

26 Sep 2023

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

18 Sep 2023

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

21 Jul 2023

Russia: Government authorises Decathlon's divestment

16 Jul 2023

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

19 May 2023

Russia: Volkswagen secures government authorisation to exit the Russian market

26 Apr 2023

Russia: Mercedes-Benz secures government authorisation for divestment from the Russian market

20 Apr 2023

Russia: Henkel secures government authorisation for divestment from the Russian market

27 Mar 2023

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

14 Mar 2023

Russia: Nokian Tyres secures government authorisation for the sale of Russian business

21 Feb 2023

Russia: Authorisation of Emerson's divestment from the Russian market

16 Feb 2023

Russia: Government clears the divestment of IKEA

08 Feb 2023

Russia: Government authorises VEON's divestment

31 Jan 2023

Russia: Hitachi Energy receives government authorisation for divestment

17 Jan 2023

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

30 Dec 2022

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

15 Oct 2022

Russia: Restrictions on foreign investments in the Russian financial organisations from the "unfriendly" countries

15 Jun 2022

Russia: Kinross Gold secures government authorisation for divestment from the Russian market

31 Mar 2022

Russian Federation: Changes in accepted currency regarding natural gas purchases by “unfriendly” countries

30 Mar 2022

Russian Federation: Authorisation of parallel imports

08 Mar 2022

Russian Federation: Temporary export ban on foreign medical products

07 Mar 2022

Russian Federation: Legalisation of patent appropriation from “unfriendly” countries

03 Mar 2022

Russian Federation: 30% commission on foreign currency purchases by individuals

28 Feb 2022

Russian Federation: First Russian countersanctions against US and other states (Ukraine crisis)

28 Feb 2022

Russian Federation: Government imposes counter ban on certain aircraft from entering Russian airspace

25 Feb 2022

Russian Federation: Rosaviation airspace agency bans flights from UK-based carriers (Ukraine crisis)

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