Restrictions and measures of state support for business: the digest for 9–22 December 2024

DRAFT LAWS

The State Duma has adopted the laws:

• on amending the procedure for conducting audits of businesses ( draft law No. 630715-8);
• on more stringent liability for non-notification of the start of activity ( draft law No. 676837-8);
• on updating provisions of the Code of Administrative Offences regarding violations in the field of procurement (draft laws Nos. 594965-8 and 594966-8);
• on extensive amendments to legislation regarding public procurement (draft law No. 667365-8);
• on extending counter sanctions measures, including in the area of procurement ( draft law No. 722148-8);
• on a charge being introduced for distributing Internet advertising ( draft law No. 600974-8).
  
  

LEGISLATION

The powers have been extended of the Government Commission on Monitoring Foreign Investment

The Russian Government’s Decree No. 1772 dated 13 December 2024

Came into effect on 17 December 2024.

Specifically, the Government Commission on Monitoring Foreign Investment in Russia (see the Russian Government’s Decree No. 295 dated 6 March 2022) is authorised to issue permissions to perform obligations:

— without provisions of the Russian President’s Ruling No. 95 dated 5 March 2022 being complied with:

• by the Russian Federation, constituent entities of the Russian Federation, municipalities and residents to the extent of credit facilities, loans and financial instruments;
• to the extent of independent guarantees / counter-guarantees / sureties, if beneficiaries / creditors are foreign creditors specified in clause 1 of the Ruling, while the principal obligations arise from credit facilities / loans / financial instruments that are covered by the Ruling;

— without provisions of the Russian President’s Ruling No. 254 dated 4 May 2022 being complied with:

• to the extent of profit being paid to LLCs, business partnerships, and production cooperatives that are residents.

A procedure has been established for issuing such permissions.