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The Classifier of Economic Activities for small and micro businesses for obtaining beneficial credits

07May2020

2 min read

On 6 May at the meeting held by the President concerning the implementation of measures taken to support the economy and social sector the minister of economic development, Maxim Reshetnikov, advised that the issue with the Russian National Classifier of Economic Activities (abbreviated in Russian as OKVED) has been solved for the purposes of small and micro businesses obtaining beneficial credits .

Lidia Gorshkova

The Russian government will regulate online aggregators’ activity

07May2020

7 min read

Pepeliaev Group advises that amendments have come into effect to the Law “On protecting consumers' rights”, which confer on the Russian Government powers to publish legislative instruments regulating the activities of online aggregators

Ilya Bolotnov

Digital Economy Legal Support Group , Commercial practice

The Federal Tax Service on the reduced rate for insurance contributions

07May2020

2 min read

The Russian Federal Tax Service has published Letter No. BS-4-11/7300@ dated 29 April 2020, in which it has clarified the procedure for paying reduced insurance contributions for small and medium-sized enterprises (“SMEs”).

Rustem Ahmetshin

Ksenia Litvinova

Tax law and tax disputes

Сovid-19: the Central Bank has extended the period for the disclosure of information by issuers in 2020

07May2020

4 min read

Pepeliaev Group advises of the changes in the procedure for the disclosure of information by issuers and joint stock companies in the context of the coronavirus epidemic.

Ilya Bolotnov

Corporate law / M&A

New opportunities for distributing insurance products via digital channels

06May2020

13 min read

Pepeliaev Group advises that amendments to insurance legislation have come into force granting new opportunities for selling insurance products via the Internet and that new rules and limitations have been introduced with regard to the online distribution of insurance services.

Ilya Bolotnov

Corporate law / M&A

The activities of some foreign participants of the international payments market will be restricted in Russia

02May2020

8 min read

Pepeliaev Group advises that a legislative ban has entered into force for Russian credit institutions to complete operations aimed at accepting money from foreign payment operators as well as to perform international payment transactions involving foreign payment systems that do not comply with Russian legislation.

Ilya Bolotnov

Corporate law / M&A

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