Russia extends simplified corporate re-registration for SARs until 2027
The State Duma passed legislation extending the simplified documentation process for companies relocating to Russian Special Administrative Regions (SARs) through the end of 2027. This move aims to maintain the attractiveness of domestic offshore zones for capital repatriation amid ongoing international sanctions.
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Russia Bolsters Economic Sanctions Evasion and Domestic Financial Control
Russia has enacted a series of legislative measures aimed at strengthening its economic resilience against Western sanctions and increasing domestic financial control. These actions include establishing a framework for cryptocurrency use in cross-border payments, extending deposit insurance to electronic money, and simplifying corporate re-registration in Special Administrative Regions. The practical impact on liquidity, banking sector risk, and the effectiveness of sanctions circumvention remains to be seen.