On Jul. 27, RUS GVT decided on control of foreign investment rules.
RUS GVT issued extract from decision of the subcommittee of Government Commission for the Control of Foreign Investments in Russia dated Jul. 24, 2023, No. 176/3.
Summary
RUS GVT subcommittee Commission on Control over Foreign Investments in Russia allowed Russian legal entities with Eurobond obligations to fulfill their obligations.
To be eligible, the Russian legal entity must have no overdue debt on Eurobonds.
Obligations to Eurobond holders, whose rights are registered by foreign depositories, must be fulfilled by entities and meet criteria, including maturity before Dec. 31, 2024.
