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

DRAFT LAWS

A corporate structure of the tiered ownership companies may be allowed in Russia

Draft federal law No. 797057-8

The draft law was passed by the State Duma in the first reading.

It has been proposed that a business entity be offered an opportunity of having another business entity consisting of a single person as the former entity’s founder/member.

The condition is that the functions of the single-member executive body in the company must not be performed by a person having these functions in such company’s sole founder/member company, or by its sole founder/member. Exceptions are provided for when these restrictions do not apply.

LEGISLATION

The procedure of handling personal data has been adjusted

Federal Law No. 446-FZ dated 28 February 2025

Comes into effect on 1 July 2025.

Amendments have been made in Federal Law No. 152-FZ “On personal data” dated 27 July 2006, among others.

Specifically, it has been clarified that when personal data is gathered, including via the internet, the following will not be permitted: the recording/ systematisation/ accumulation/ storage/ updating/ retrieval of personal data of Russian nationals with the use of databases that are located abroad (exceptions apply).

The deadline has been updated for a compensation to be paid to a foreign holding company when its rights are suspended in an economically significant enterprise

The Russian Government’s Decree No. 228 dated 26 February 2025

Came into effect on 28 February 2025.

Amendments have been made to the Russian Government’s Decree:

• No. 1835 dated 1 November 2023. The deadline has been updated for a compensation to be paid to a foreign holding company where its corporate rights have been suspended in relation to an economically significant enterprise.
• No. 1836 dated 1 November 2023. It has been added that a federal executive authority authorised to file an application with a court that a foreign holding company’s corporate rights be suspended in relation to an economically significant enterprise will mean an authority specified in the Russian Government’s resolution that a Russian company be included in the list of economically significant enterprises and further to whose proposal such a resolution has been adopted.