Restrictions on real estate transactions

Since February 2022, Russia has adopted a number of regulations that aim to restrict real estate transactions involving persons/entities from certain foreign states. Such transactions require specific governmental approval prior to their conclusion. Further regulation has provided a number of exceptions to the previous prohibitions. Please be aware of the existing Russian counter-sanction regulations restricting real estate transactions in Russia as well as applicable carve-outs from these restrictions.

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Practice: Real Estate

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