Russian State Duma passes law restricting foreign business buyback options
The State Duma has enacted legislation preventing foreign investors who exited the Russian market after February 2022 from exercising buyback options for their former assets. This move formalizes a permanent barrier to re-entry for Western firms, though the specific enforcement criteria for individual sectors remain subject to regulatory interpretation.
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Russia Enacts Financial and Corporate Sanctions Countermeasures
The Russian State Duma has enacted a series of legislative measures aimed at mitigating the impact of Western sanctions and strengthening domestic financial and corporate controls. These include frameworks for cryptocurrency use in cross-border payments, extended deposit insurance for electronic money, simplified corporate re-registration in SARs, and restrictions on foreign business buyback options. The practical implementation and impact on liquidity, capital repatriation, and market re-entry remain key uncertainties.