Dividends up to the amount invested in Russia since 1 April 2023

What it says⧉

Permits to pay dividends to foreign creditors under Decrees No. 95 and No. 254 may be granted without the dividend conditions of Extract No. 171/5 (50% of net profit, KPIs and so on) if the creditor has invested in the Russian economy after 1 April 2023 — expanding production in Russia, developing new technologies — and the payout does not exceed the amount invested. The exception for foreign creditors registered in Russia is carved out of the definition.

Status, October 2026⧉

In force. In practice it is combined with the 171/5 conditions in one application.

Unofficial translation⧉

Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Ministry of Finance ↗. Lapse notes are editorial and not part of the extract.

The Sub-commission of the Government Commission for Control over Foreign Investment in the Russian Federation took note of the information from the Ministry of Finance of Russia and the Bank of Russia on the possibility of granting permits to residents for the payment of profit (dividends) to foreign persons associated with foreign states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals (including where such foreign persons are citizens of those states, or those states are their place of registration, their principal place of business or the principal place where they derive profit from their activities), or to persons under the control of such foreign persons, irrespective of their place of registration (except where their place of registration is the Russian Federation) or principal place of business (the “foreign creditors”), as provided for by Decrees of the President of the Russian Federation No. 95 of 5 March 2022 and No. 254 of 4 May 2022, without compliance with the conditions set out in paragraph 2 of the minutes of the meeting of the Sub-commission No. 171/5 of 14 June 2023, as a rule provided that the foreign creditors have made investments in the Russian economy after 1 April 2023, including the expansion of production in the Russian Federation and the development of new technologies, and in an amount not exceeding the volume of such investments.

Operations that rest on it⧉