Restrictions and measures of state support for business: the digest for 3 – 16 February 2025

DRAFT LAWS

Fines can be multiplied for violating the requirements for protecting restricted information

Draft federal law No. 835235-8

The draft has been put before the State Duma.

Specifically, it has been proposed to amend parts 2 and 6 of article 13.12 of the Russian Code of Administrative Offences and increase the amount of the fines for:

• using uncertified information systems/databases and data banks/tools for protecting information;
• other violations of the requirements for the protection of information.

The amount of the fines for the above offences will be RUB 10,000 - RUB 50,000 for companies' officers and RUB 50,000 - RUB 100,000 for legal entities.

LEGISLATION

The procedure has been specified for funds to be transferred from type ‘C’ accounts if a bank goes bankrupt

The Russian President’s Ruling No. 48 dated 31 January 2025

Came into force on 31 January 2025.

Amendments have been made to the Russian President’s Ruling No. 95 dated 5 March 2022 regarding a temporary procedure for performing obligations to certain foreign creditors.

It has been established that if the following goes bankrupt:

• a credit institution in which a type ‘C’ account has been opened, then no monetary funds in such an account are to be included in the bankruptcy estate. The provisional management must file an application with another Russian credit institution (to be determined by the Central Bank of Russia) for a type ‘C’ account to be opened in such credit institution in the name of the same individual and must transfer the money there;
• an institution that carries out professional activity on a stock market, then the property that is booked in type ‘C’ accounts will be transferred to other accounts of the same type to be opened in an institution that the Central Bank will designate.
  
  

The Central Bank of Russia has issued official clarifications:

• on the specifics of levying execution on funds and securities that are booked on a type ‘C’ account ( No. 1-OR dated 12 February 2025);
• on applying temporary measures of a restrictive nature in the event of transactions being performed with shares (interests) of an economically significant entity ( No. 2-OP dated 12 February 2025).