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Federal law on increasing investment appeal of special administrative districts in Kaliningrad Region and Primorye Territory

July 14, 2022

The President signed the Federal Law On Amendments to Certain Legislative Acts of the Russian Federation.

The Federal Law provides an opportunity for joint stock companies, incorporated with the status of an international company, to issue different types of equity or preference shares, which provides their owners with varying levels of corporate rights so as to increase the investment appeal of special administrative districts established in the Kaliningrad Region and Primorye Territory.

Concurrently, a number of amendments have been made to specific legislation of the Russian Federation to ensure the sustainable functioning of the Russian economy under the pressure of external sanctions.

July 14, 2022