Dear Ladies and Gentlemen!
Since 1 March 2022, a Presidential Decree has introduced a special procedure for certain transactions in the Russian Federation. In particular, transactions that result in the transfer of ownership title to real estate between Russian Residents and persons from ‘Unfriendly’ states (or controlled by persons from ‘Unfriendly’ states, including Russian entities) require prior approval by a Sub-commission.
In this newsletter we are providing the most commonly used exceptions and applicable case law precedents in 2023.
We hope that the information provided herein will be useful for you.