RUS GVT SME State Support Legislation


On Dec. 13, RUS GVT invalidated certain laws on SME state support.


  • RUS GVT issued law 456-FZ on recognizing as invalid part 2 of art 2 of the federal law on amending art 25-1 of law on the development of small and medium-sized entrepreneurship in Russia.
  • Key Points
  • The published law repeals the provisions establishing restrictions on the terms of granting state support to the Federal Corporation for the Development of SMEs.
  • Specifically, the performance by the said company of its obligations under guarantees.
  • Effectiveness
  • The law enters into force on Jan. 1, 2025.

Regulators RUS GVT
Entity Types CNSM; Corp
Reference OG, law 456-FZ, 12/13/2024; Bill 769740-8
Functions Compliance; Legal; Operations; Reporting; Risk
Countries Russia
Category
State
Products Corporate
Regions EMEA
Rule Type Final
Rule Date 12/13/2024
Effective Date 1/1/2025
Rule Id 236984
Linked to N/A
Reg. Last Update 12/13/2024
Report Section International

Last substantive update on 12/18/2024