Announcement
27 Mar 2023
In March 2023, the government of Russia announced that foreign companies from "unfriendly countries" selling stakes in Russian companies will need to make a “voluntary contribution” to the Russian budget of at least 5% of the assets' market value.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
0 in force
Implementation date
27 Mar 2023
Revocation date:
No revocation date
FDI: Treatment and operations, nes
On 27 March 2023, the Government Commission for Control over Foreign Investments in the Russian Federation announced that the companies from the "unfriendly countries" exiting the Russian market would...
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Related State Acts
05 Aug 2022
Russia: Restrictions on foreign investment and commercial transactions in the energy and financial sector
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Russia: Restriction for the investors from "unfriendly states" in the "establishment, modification or termination" of ownership of Russian LLCs
17 Jan 2023
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16 Jul 2023
Russia: Government places foreign stakes in Danone Russia and Baltika under temporary government control
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Russia: Kinross Gold secures government authorisation for divestment from the Russian market
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Russia: Mondi secures government authorisation for the sale of the Russian business
20 Apr 2023
Russia: Henkel secures government authorisation for divestment from the Russian market
26 Apr 2023
Russia: Mercedes-Benz secures government authorisation for divestment from the Russian market
26 Sep 2023
Russia: The size of the "voluntary contribution" upon divestment is increased to 15% of the market value
20 Dec 2023
Russia: Bridgestone secures government authorisation for divestment from the Russian market
30 Oct 2024
Russia: Government further tightens the restrictions on divestment from the Russian market by companies from "unfriendly states"
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