Media & Resources
New conditions for the Government Commission’s consent
DATE: September 12, 2023 | AUTHOR: AT
On July 7, the Government Commission in Decision No. 171/5 updated a number of conditions under which permission is granted for transactions with shares and interests in Russian companies with the participation of ” non-friendly foreigners”.
New conditions are as follows:
- the option to reverse purchase of stocks or shares by a foreign person must be concluded for a period not exceeding 2 years
- placement of up to 20% of PJSC shares offered for sale to a foreign person by the buyer at stock auctions