News

28 Feb, 2025

Russian Authorities Developing Rules for the Return of Foreign Companies

Business NewsForeign Business

The return of foreign companies from “unfriendly” countries to the Russian market can only take place with the permission of the Government Commission on [Monitoring] Foreign Investments, a representative of the Ministry of Finance told Vedomosti. He added that the current presidential decrees No. 618 (on the special procedure for carrying out certain types of transactions between specific entities) and No. 81 (on additional temporary economic measures to ensure financial stability) apply to both the sale of businesses and their re-entry into Russia. “When making decisions, the government commission primarily relies on the position of the relevant ministry”, the Finance Ministry representative emphasised.

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