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Russian government clarifies the procedure for approval of transactions with shares in Russian LLCs for foreign companies

On 19 September 2022, following the directive given by Presidential Decree No. 618, the Government of the Russian Federation adopted amendments to the Resolution of 6 March 2022 No. 295.

The Resolution clarifies the approval procedure for transactions with shares of Russian Limited Liability Companies. In accordance with the newly introduced amendments, the procedure of approval from Government Commission applicable to the transfer of shares in Joint Stock Companies now similarly applies to transactions involving shares in LLCs.

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