German Zakharov on transformation of counter sanctions regulation for Kommersant

On 18 April Kommersant Publishing House published an article of German Zakharov, ALRUD Partner, titled ****“The Rules of Good Exit”****. In the article, German makes thorough analysis of Russian counter sanctions regulation, its impact on foreign investors’ exit, and topical issues related to the sale of Russian assets. The Partner touched several key aspects:

• decrease in the number of investors’ exits from the Russian market;

• standartisation of assets sale process;

• strengthening of state control over execution of transactions;

• increase in costs for sellers.

German paid particular attention to the RF President’s right to introduce interim administration over foreign companies’ assets, and possibility of its termination, as it happened with the assets of Danone Russia and Baltika Breweries.

Even under heavy regulation, the market attempts to strike a balance between the interests of the state, business, and customers» – the Partner emphasized

He also noted that despite the strict measures, the first signs of possible return of foreign investors to Russia began to appear, that became possible through the state structures’ initiatives, including the RF President’s instruction to the Government to develop a procedure for the return of companies to the Russian market.

In the article, German also shared his findings on the further evolution of relations with Western investors if the foreign policy situation changes.

The full text is available at the link.