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On 30 March 2023 the Russian Constitutional Court issued a Resolution that acknowledges that article 11(8) of the Law on Protecting Competition complies with the Russian Constitution, and terminated the proceedings in the case with respect to article 17(1)(1) of the Law on Protecting Competition, since this provision cannot be treated as violating the Claimants’ constitutional rights.
The Government Commission on Monitoring Foreign Investment in Russia has supplemented the list of conditions for carrying out transactions with a view to disposing of securities including shares of and membership interests in the issued capital of Russian business entities in which “hostile” non-residents participate.