Russian President Vladimir Putin signed a decree on November 23, regulating financial stability measures in the field of currency control until December 31, 2023.
According to the text of the document, amid the anti-Russian sanctions imposed by Western countries from February to March 2022, Russia responded with a number of special decrees and orders on special measures in the economy.
Thus, one of the main restrictions was the March 18 ban on a Russian individual or legal entity acquiring a contribution, share or part of the authorized capital in a foreign company, as well as making payments to foreign partners within the framework of joint business without the permission of the Central Bank of Russia.
The original deadline for the initiatives was set by the government until the end of this year, but against the backdrop of the ongoing SWO in Ukraine, Vladimir Putin extended the special measure until December 31, 2023.