Last week, the Subcommission of the Government Commission on Monitoring Foreign Investment in the Russian Federation (‘Subcommission’) established new conditions for approval of transactions with shares (equity transactions) of Russian legal entities controlled by persons from ‘unfriendly’ countries, carried out, among other things, in accordance with Decree No 6181 and clause 5 of Decree No 7372 (‘assets’).

The new conditions concern an increase of the discount and the amount of the voluntary contribution, as well as the establishment of a requirement for the consent of the President of the Russian Federation to carry out certain transactions.