Latest developments related to approval of transactions with real estate in Russia

Latest developments related to approval of transactions with real estate in Russia

22 February 2024

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.

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We hope that the information provided herein will be useful for you.

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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.

If you have any questions, please, do not hesitate to contact us.

ALRUD Law Firm

Skakovaya str., 17, bld. 2, 6th fl., Moscow, Russia, 125040
Т: +7 495 234 96 92, Т: +7 495 926 16 48,
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