The contribution to the Russian budget from transactions for the sale of assets by companies from unfriendly countries will be at least 10% of half of the market value of these assets, and at a discount of more than 90% – at least 10% of the market value of assets
Russian Federation
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Subsidies to aircraft, engines and other selected sectors
5 billion rubles will be allocated to expand the production of aircraft, aircraft engines, instruments and assemblies in 2023.
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Cap on Urals–Brent discount for oil tax calculations to safeguard government revenue
A cap has been introduced on the discount applied to the price of Russian Urals crude oil relative to Brent crude for the purpose of calculating oil extraction and export taxes. This measure aims to stabilize government revenue by preventing excessive reductions in the tax base when Urals oil trades at a steep discount to global benchmarks.
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Preferential loans to manufacturers of electronic equipment
Extension of the program to support manufacturers of electronic equipment, under which they can take out preferential loans at a rate of up to 5%, for 2023 and subsequent years.
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Export restriction on inert gases
Restriction on the export of inert gases from Russia until the end of 2023
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The EAEU expands import list to mitigate foreign sanctions
The list of goods imported into the customs territory of the EAEU as part of countering foreign sanctions has been expanded. This includes certain types of goods for the production and sale of food and perfumery and cosmetic products, as well as fabrics and threads
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Capital control: Central Bank approval required for cash exports over $10,000
Central Bank permit required to export more than $ 10 thousand from the country
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Funds for design centers for electronic and microelectronic products
The government will finance the creation of small and medium-sized design centers for electronic, microelectronic and radio-electronic products.
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Criminal penalties for violating stability and security rules of Russia’s Runet
Criminal liability for violations of the rules ensuring the stability and security of the national segment of the Internet (“Runet”)
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Auctions permitted for bankrupt real estate linked to entities from unfriendly countries
Auctions allowed for bankrupt real estate under the control of foreign persons from unfriendly countries.