Manufacturers of soaps, detergents, cleaning and polishing products, cosmetics and perfumes will receive a one-year deferral on the payment of insurance premiums
Russian Federation
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Banks advised to suspend dividends and bonuses
Credit institutions are recommended to refrain from paying dividends and bonuses to shareholders to management until the end of 2022
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Deadline for forex sale by non-resource exporters extended from 3 to 60 working days
Extension of the deadline for the mandatory sale of foreign currency credited from April 19, 2022 to accounts of non-resource, non-energy exporters in authorized banks, from 3 to 60 working days.
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Duty deferrals and interest-free installments for key enterprises
Monotown enterprises supported to enhance economic stability in Member States are granted deferrals or installment plans for import customs duties, without interest charges.
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Parallel imports legalized
The import of in-demand original foreign-made goods is allowed without the consent of copyright holders. Liability for so-called parallel imports has been abolished. The list of eligible goods will be determined by the Ministry of Industry and Trade.
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Generous advances in public procurement
Companies participating in public procurement will be able to receive up to 90% of the contract price as an advance in 2022.
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Capital control, foreign reserves control
Russian residents restricted from making advance payments exceeding 30% of the contractual value under certain types of contracts (for instance, provision of services, transfer of information, intellectual property etc.) to reduce capital flight and preserve foreign currency reserves.
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Prohibition on foreign currency purchases for non-resident legal entities from unfriendly countries
Prohibition on foreign currency purchases for non-resident legal entities from unfriendly countries
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Government approval required for securities seals Involving foreign investors
The following operations require permits issued by the Government Commission for Control over Foreign Investments: transactions entailing the emergence of ownership of securities carried out with persons of foreign states committing unfriendly actions; transactions entailing the emergence of ownership of securities with foreign persons from friendly states, if the subject of transactions are securities acquired after February 22, 2022 by these foreign persons from persons of foreign states committing unfriendly acts.
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Cash currency export ban over $10,000
Ban on the export of foreign currency (monetary instruments) in cash from the country in the amount of more than $ 10 thousand.