View settings

Font size:
Site colours:
Images

Settings

Official website of the President of Russia

Документ   /

Lending institutions subject to foreign restrictive measures receive more time to restructure their operations

August 8, 2024

Vladimir Putin signed the Federal Law Amending Article 15 of the Federal Law On Attracting Investment Using Investment Platforms and Amending Certain Legislative Acts of the Russian Federation, and Article 8 of the Federal Law Amending Certain Legislative Acts of the Russian Federation, Repealing Paragraph 6 in Article 7, Part 1, of the Law of the Russian Federation On State Secrets, Suspending Specific Provisions Contained in the Legislative Acts of the Russian Federation and Setting Forth a Regulatory Framework for Corporate Relations in 2022 and 2023.

The federal law states that information on investment platform operators and every person who attracts investment using investment platforms must include an auditor’s opinion regarding the accounting (financial) reports, if these reports are subject to mandatory audits.

In addition, the law extends the provision enabling lending institutions which are subject to restrictive measures enacted by other countries and international organisations to restructure their operations by divesting legal entities, excluding the lending institution itself, until December 31, 2026.

August 8, 2024