On July 1, 2025, the Russian Federation President signed decrees aimed at protection of retail investors and stipulating that:

• foreign investors may make investments on the Russian securities market without any counter-sanction restrictions;

• transactions involving real estate and shareholdings (participation interests) in strategic companies entered into between spouses or close relatives do not require any regulatory clearances;

• transactions involving shareholdings (participation interests) in strategic companies and entered into by individuals shall be subject to an approval by the Government Commission, not by the Russian Federation President.

The Firm's Corporate Law and M&A Practice team led by the Managing Partner Tatyana Neveeva and including Associates Marina Korneva and Valentina Shishova has prepared the counter-sanction regulatory update.