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 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.