The authorities have formed 10 conditions for the exit of foreigners from Russian business

The authorities decided to make it more difficult for foreigners to leave Russian business and created a new list of requirements that the parties must fulfill in order to conclude a deal. There are only 10 items on the list, they are given in the decision of the subcommittee of the government commission for the control of foreign investment, adopted, judging by the extract, on July 7 (Vedomosti got acquainted with the document). A significant part of the restrictions on exit is already in effect, but there are several fundamentally new conditions that have not yet been formally applied.

First, the buyer of assets must not enter into a buyback option with the seller for more than two years. Moreover, if such an agreement is nevertheless signed, the former owner must pay the market price for returning the business to him, and the economic benefit for the current owner will also be evaluated. As a source close to the government explained to Vedomosti, the logic is to make it harder for companies to exit. They must “understand what they are missing.” Foreigners often entered into deals, including with management, with the expectation of a guaranteed return of business after the settlement of relations between the West and Russia, the source of Vedomosti noted. The exit should not be easy, the source stressed. The task of the government is to ensure that companies that have remained in Russia continue to work here, and not look for opportunities for painless temporary observance of political etiquette.