Residents of the Russian Federation Сan Оbtain the Rights of Shareholders and Participants in Russian Legal Entities Through Controlled Foreign Companies
The Federation Council is considering a Federal Law “On Amendments to Part Two of the Tax Code of the Russian Federation (on Certain Measures of Tax Support)”.
“Red alert” on Financial Sanctions Evasion Typologies Issued by OFSI and the National Economic Crime Centre
The National Economic Crime Centre (NECC) and OFSI as one of its members in July 2022 published “red alert” to provide information on some common techniques designated persons are suspected to be using to evade financial sanctions against Russia.
Ministry of Economic Development Explained How to Conduct Payments for Intellectual Property
Ministry of Economic Development published a Letter from 19.07.2022 No. 26614 – KM/D01i “On the elaboration of the Decree of the Russian President No. 322 from 27.05.2022” on its official website.
Special Economic Measures: What to Expect?
The Government of the Russian Federation may introduce special economic measures to ensure that counter-terrorism and other operations are carried out outside the territory of the Russian Federation :
Repatriation of Foreign Currency and the Currency of the Russian Federation: New Requirements
On July 5, 2022, the President of the Russian Federation issued Decree No. 430 “On the Repatriation of Foreign Currency and the Currency of the Russian Federation by Residents Participating in Foreign Economic Activity”.
New in Migration Law
On July 14, several federal laws that amend the regulation of the legal status of foreign citizens in the Russian Federation were adopted.
Russian Shopping Centers Will Be Able to Terminate Lease Agreements With Tenants From Unfriendly Countries Until the End of 2022
On July 14, 2022, the Federal Law No. 323-FZ "On amendments to certain legislative acts of the Russian Federation" came into effect. The Law, among other things, amends the Federal Law No. 46-FZ of March 8, 2022 and provides for the specifics of regulating relations with tenants in the field of trade and (or) catering from unfriendly countries until the end of 2022.
A Bunch of Government Decrees Regulating the Functioning of the Unified Biometric System Came into Force.
On June 15 and 16, 2022 three Government Decrees came into force, regulating the processing of personal biometric data by individuals in the unified biometric information system of personal data.
The Law on Fines for Unreasonable Collection of Personal Data Was Approved
On 25 May 2022 Federation Council approved the Federal Law "On amendments to Article 14.8 of the Administrative Offences Code of the Russian Federation".