RUSSIA, March 7 - Resolution No. 295,431-p of 6 March 2022
All transactions and operations between Russian companies and individuals or companies from unfriendly countries will be subject to approval by the Government Commission on Monitoring Foreign Investment. Prime Minister Mikhail Mishustin has signed a resolution setting forth this procedure.
Under the resolution, Russian resident companies or foreign companies from unfriendly countries will have to apply for permission to carry out a transaction between them. The corresponding application must contain all the details on the applicant, including a document on its beneficiary owners.
The decision to approve or reject the transaction will be taken based on the submitted documents and the nature of the agreement. In addition, the permission to carry out the transaction may set forth specific terms for it.
These efforts are primarily designed to ensure the country’s financial stability against the backdrop of pressure from foreign sanctions.
The Government adopted the resolution with a view to implementing the Executive Order of the President of Russia Vladimir Putin No. 81 of 1 March 2022 on additional provisional economic measures to ensure the financial stability of the Russian Federation.
In a separate directive, Mikhail Mishustin expanded the composition of the Government Commission on Monitoring Foreign Investment to include representatives of the Central Bank and the Presidential Executive Office.
