05.07.2023

Regulatory developments in relation to Eurobonds

Earlier we informed you about Presidential Decree No. 364 dated 22 May 2023 on Amending Presidential Decree No. 430 dated 5 July 2022 (“On Repatriation by Residents – Participants of Foreign Economic Activity – of Foreign and Russian Currency”).

Until recently, the official procedure for granting such approvals was not fully aligned with Presidential Decree No. 364. Consequently, this created practical difficulties. On 29 June 2023, Government Resolution No. 295 was amended with a view to such alignment.

Read in detail in the alert at the link:

https://www.stonebridgelegal.ru/media/files/Alert_Eurobonds_Regulatory_Developments_July_ENG.pdf

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