Global Trade Alert
Global Trade Alert

Russia: President authorises the sale of Volkswagen's stake in its Russian subsidiary Volkswagen Bank RUS LLC

Announcement

31 Dec 2024

In December 2024, the president of the Russian Federation authorised the sale of Volkswagen's stake in its Russian subsidiary Volkswagen Bank RUS LLC to a Russian buyer.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

31 Dec 2024

Revocation date:

No revocation date

Announced: 31 Dec 2024
Controls on commercial transactions and investment instruments In force

Recent update from 21 May 2026:

On 31 December 2024, the president of the Russian Federation issued Decree No. 428-рп, authorising the sale by Volkswagen Financial Services Overseas AG and Volkswagen Bank GmbH of a 100% stake in the...
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Announced: 31 Dec 2024
FDI: Treatment and operations, nes In force

Recent update from 21 May 2026:

On 31 December 2024, the president of the Russian Federation issued Decree No. 428-рп, authorising the divestment of Volkswagen Financial Services Overseas AG and Volkswagen Bank GmbH from their Russi...
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