Announcement
30 Dec 2024
In December 2024, the president of Russia put HMS Group, which was owned via the Cyprus holding companies, under temporary government administration. The measure concerns subsidiaries of the companies from the country deemed "unfriendly" by the Russian government.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
30 Dec 2024
Revocation date:
No revocation date
FDI: Treatment and operations, nes
In force
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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