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President Vladimir Putin has ordered a rapid shift of Russian business assets under national jurisdiction. The directive appeared on the official website of the Kremlin, signaling a coordinated effort by the government and leading business associations to reposition key sectors of the economy within Russia’s legal framework by the deadline of November 30 this year.

The document outlines a plan to use the registration framework for firms operating in Russia’s special administrative regions. This approach makes it possible to move assets for companies whose re-registration in another jurisdiction is blocked or not provided for by laws in another country, ensuring that ownership and control stay aligned with Russian law and policy.

Beyond asset transfers, the government is tasked with creating a mechanism that would allow Russian owners to reclaim control that may have been eroded by Western sanctions. The strategy includes substituting shares in foreign holding structures with shares issued by Russian subsidiaries, thereby restoring influence within domestic corporate groups.

These measures are framed as a way to safeguard domestic trade capital and soften the impact of external pressure on the Russian economy. The aim is to maintain steady economic activity by keeping critical assets within a legal and policy-aligned framework, reinforcing resilience against external shocks.

Recent years have seen notable examples of re-residency actions. Polymetal underwent a re-registration from Jersey to Kazakhstan on August 7, illustrating the practical application of such policies to preserve control and continuity in asset management under shifting regulatory circumstances.

The broader context includes ongoing sanctions dynamics, with references to actions taken by the United States in relation to Russia. The evolving regulatory environment continues to shape corporate strategies as firms navigate ownership, jurisdiction, and operational stability under this regime.