6 April Update: Foreign Investments in Russia Safety Alert

This is the seventh update of the Foreign Investment in Russia Safety Alert initially published on 4 March 2022. The most recent information is highlighted in red.

Due to the significant changes of the investment climate in Russia, the Russian Government has introduced a number of extraordinary measures to prevent foreign investor and capital flight, some of them directly targeting multinationals operating in Russia.

Accumulated FDI in Russia constitutes almost 700 billion USD (the majority originating from European Union countries), and their future in Russia represents a significant issue both for the Russian and European economies.

On April 4, the Chairman of the State Duma Committee for State Building and Legislation announced the submission of the draft law introducing criminal liability for the implementation of Western sanctions on Russian territory was submitted to the State Duma. The announced changes will affect the management of entities of any form of ownership including subsidiaries of foreign companies, whose decisions lead to the implementation of sanctions

As part of our ongoing efforts to protect and support multinational investments in Russia, Kesarev has prepared a brief guide on the measures introduced by the government of Russia that affect operations of international companies in the country.

To access the full guide click here

About the GCA

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