06.06.2023

Сontrol for the purposes of the counter-sanctions regulations

The Central Bank of Russia has issued a formal clarification (No. 3-OR dated 2 June 2023) in which it confirmed, with some elaboration, its previous position as to what constitutes control for the purposes of the counter-sanctions regulations.

Naturally, the matter is of importance as regards the proper application of counter-sanction regulations to subsidiaries and other investees of foreign companies.

Read in detail in the alert at the link:

https://www.stonebridgelegal.ru/media/files/Alert_Russian_counter-sanctions_regulations_June_ENG.pdf

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