Analytics and brochures

The corporate structure of tiered ownership companies has been allowed in Russia; the procedure has been changed for consummating certain transactions with persons from hostile states; foreign investors have been guaranteed the opportunity to withdraw their investments.

The procedure has been specified for funds to be transferred from type ‘C’ accounts if a bank goes bankrupt; fines can be multiplied for violating the requirements for protecting restricted information.

Updates have been made to the procedure for issuing permissions to purchase foreign goods; the sale of an interest in an LLC may be simplified; adjustments are proposed to the rules for controlling the processing of PD.

The specifics of state control have been set out in greater detail; fines can be increased for economic crimes and failure to submit information regarding transactions.

The procedure for conducting audits of businesses has been amended; individual counter-sanctions measures have been extended with some of them approved as permanent; and the national regime arrangement in procurement has been regulated.

The powers have been extended of the Government Commission on Monitoring Foreign Investment. Laws have been adopted on extensive amendments to legislation regarding public procurement. A charge is being introduced in Russia for distributing Internet advertising.