President Vladimir Putin instructed to consider the possibility of issuing permits for the sale of enterprises controlled by foreigners from unfriendly countries, only with the consent of the regional authorities. This is stated in list of instructions following the meeting of the Presidium of the State Council on April 4. The instruction was given to the government, the report must be submitted by June 15, 2023.
“In the course of preparing decisions on the issuance of permits for transactions involving a change in control over Russian business entities owned by foreign persons of unfriendly states, to ensure that the opinions of senior officials of the constituent entities of the Russian Federation in whose territories such business entities are located are considered,” reads in the order.
In September 2022 in Russia was introduced a special procedure for transactions with shares in Russian limited liability companies for persons from unfriendly countries. Transactions with LLC shares with the participation of residents of unfriendly countries became possible only with the consent of the government commission for foreign investment control. In March 2023, it became known that companies from unfriendly countries, when exiting Russian assets, must pay a voluntary contribution of 5% of the market value.
Funds from voluntary contributions to the federal budget when making transactions for the alienation of assets of foreign residents from unfriendly states will go for the development of tourism infrastructure. According to the Financial Times, the approval of the Ministry of Finance for the sale of assets in Russia are waiting about 2 thousand foreign companies.
Read more in the publication "Kommersant" "Assets for the Chosen".