As of 1 July 2026, the Double Taxation Agreement between Russia and Finland will cease to apply following a decision by the Finnish government. The suspension will affect both individuals and businesses receiving income across the two jurisdictions.  For Russian tax residents, taxes withheld in Finland will no longer be creditable against Russian tax liabilities. […]

Turkey’s Parliament has adopted legislation granting new tax residents a 20-year exemption from Turkish personal income tax on foreign-source income. The regime is available to individuals who have not been Turkish tax residents during the three calendar years preceding their relocation.  The exemption applies to foreign dividends, employment income, investment returns, rental income, and other […]

The Russian Government has amended the rules governing the registries of digital currency miners and mining infrastructure operators.  Under the new rules, applicants seeking inclusion in the relevant registries must provide information on the network addresses (IP addresses) used for cryptocurrency mining activities. Where mining is conducted through a mining infrastructure operator, the operator will […]

A draft law has been submitted to the State Duma to establish a legal framework for foreign exchange transactions involving the digital ruble and to define the applicable currency control procedures.   The bill would allow residents to satisfy foreign currency repatriation requirements by receiving funds into a digital ruble account. It would also enable participants […]

The Bank of Russia has advised credit institutions to pay closer attention to transactions involving large cash deposits by clients. According to the regulator, such transactions may be used for money laundering or other unlawful purposes.   Banks are encouraged to conduct daily monitoring of these transactions and identify risk indicators for both individual and corporate […]

On 1 June 2026, Presidential Decree No. 377 entered into force, introducing amendments to Presidential Decree No. 95. Under the revised framework, the special procedure established by Decree No. 95 now applies not only to certain categories of obligations but also to bank deposits held by persons from jurisdictions designated as “unfriendly” by the Russian […]

The EU Court has ruled that assets may be subject to freezing measures even in the absence of a direct legal link to a sanctioned person, where that person retains de facto influence or control over the assets through trust structures.  According to the Court, the concepts of “ownership” and “control” should be interpreted broadly […]

By June 30, JSCs are obliged to hold annual Shareholders General Meetings, the agenda of which should include issues on the election of the board of directors, the board of audit, the appointment of an audit organization for 2026, approval of the annual report and annual financial statements for 2025, on the distribution of profits […]

The Bank of Russia has prolonged the following restrictions until and including December 7, 2026:  – non–resident individuals from unfriendly states working in Russia can transfer funds abroad in the amount of salary;   – a ban on the transfer of funds abroad for non–resident individuals from unfriendly countries who do not work in Russia, as […]