Russian President Vladimir Putin has instructed to accelerate the transfer of Russian business assets under the country’s jurisdiction. The relevant order is published on the website. Kremlin.
According to the document, the government, together with leading business associations, must ensure the transfer of company assets, particularly in key sectors of the economy, to Russian jurisdiction by November 30 this year.
To do this, it is proposed to use the registration mechanism of firms in special administrative regions of Russia. Thus, it will be possible to transfer assets of companies whose re-registration (reregistration of a company in another jurisdiction with the protection of all assets – Gazeta.RU note) is blocked or not provided for by the legislation of another country. countries.
In addition, the government was instructed to develop a mechanism that would allow Russian owners to regain control over assets lost due to Western sanctions. We are talking about the replacement of shares of foreign holding structures with shares of Russian subsidiaries.
Such measures are designed to preserve the capital of domestic trade and minimize the damage from external pressure on the Russian economy.
one of the last Russian companies passed The re-residence procedure was Polymetal. He re-registered from Jersey to Kazakhstan on 7 August.
Former US Treasury extended sanctions against Russia.