New restrictions for disposal of shares in key strategic energy/mining companies and banks in Russia

New restrictions for disposal of shares in key strategic energy/mining companies and banks in Russia

07 August 2022

As a matter of important update which may impact potential and scheduled transactions in Russia, please be advised that on 5th of August 2022 the President of the Russian Federation has signed Decree No. 520 “On Application of Special Economic Measures in Finance and Fuel and Energy Areas related to Unfriendly Actions of Certain Foreign States and International Organizations” (“Decree No. 520”).

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Note: Please be aware that all information provided in this letter was taken from open sources. Neither ALRUD Law Firm, nor the author of this letter bear any liability for consequences of any decisions made in reliance upon this information.

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ALRUD Law Firm

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