Tax Messenger
Summaries of key tax and legal developments in legislation and case law and the latest issues affecting human resource management, prepared by B1's experts in Russia
Latest clarifications on the application of EU sanctions: focus on the supply of software and IT services
In early April the Directorate‑General for Financial Stability, Financial Services and Capital Markets of the European Union published new consolidated guidance addressing, among other things, the application of restrictive measures in relation to the supply of services to the Government of Russia and any legal persons, entities and bodies established in Russia.
26.04.2024
Russia has approved the rules and conditions for the conduct of auctions for the purchase by non-residents of foreign securities held by residents, including using funds on C-type bank accounts
On 11 March 2024, the Ministry of Finance of Russia announced that the Government Commission for the Monitoring of Foreign Investments in the Russian Federation had approved the procedure and conditions for the conduct of auctions and the conclusion of transactions (operations) involving foreign securities by way of the exchange of frozen assets between Russian and foreign investors as provided for in Decree No. 844 of the President of Russia.
15.03.2024
Bankruptcy law has caught up with foreign companies and their assets
Russia’s Supreme Court has issued a ruling in which it clarifies with reference to a particular dispute its position on the matter of whether Russian arbitration courts can institute bankruptcy proceedings against foreign entities.
20.02.2024
Software localization drivers: foreign sanctions and the domestic ban on foreign software for critical information infrastructure
Some private companies in Russia have addressed the issues of software localization and data migration in advance, while others are now analyzing the changes to regulation and available offers.
09.02.2024
Answers to some questions regarding the software prohibition in the EU's 12th package of restrictive measures
The B1 team is ready to provide support on various issues related to EU sanctions in the field of intellectual property, including legal advice on the impact of sanctions on the current activities of companies and the preparation of licensing and other accompanying agreements.
09.02.2024