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Exchange trading and settlements in dollars (US and Hong Kong dollars) and euros are suspended at Moscow Exchange following the introduction of a new package of sanctions by the US on 13 June. The government spokesman said the situation is under control – the government and the Bank of Russia…
China and Russia are strengthening their strategic partnership to counter U.S. sanctions and balance NATO’s actions in the region. On 16 May 2024, the leaders of both countries expressed their determination to deepen military, economic and technological cooperation. An analysis of the documents shows that China is a strategic competitor…
Since the beginning of the Special Military Operation and the introduction of many sanctions against the Russian Federation, foreign businesses have faced a number of difficulties, primarily forced pressure from their own governments, in order to leave the Russian market and comply with sanctions policies. At the same time, the…
When launching a new business, one of the pivotal initial steps is to establish a business bank account. This might seem like an additional bureaucratic hurdle, but the benefits and safeguards it provides far outweigh any initial setup effort.
Anti-sanctions legislation is a key aspect in structuring corporate transactions and a priority point of legal review of assets with a foreign component. The application of this legislation affects the timing of transactions, the amount of additional financial expenses of the parties and, in certain cases, the legality of ownership…
When choosing between establishing a subsidiary and a branch in the Russian Federation for export, it is recommended to give preference to the establishment of a subsidiary. Branches of foreign companies in the Russian Federation have corresponding financial obligations as well as Russian organisations, subject to appropriate conditions. This includes…
If the buyer of shares or shares in Russian organizations in the form of an LLC or JSC is a person from an unfriendly state, it is necessary to follow a special procedure defined in Presidential Decrees No. 81, 618 and 737. According to the above-mentioned decrees, in order to…