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Euroclear has “frozen” Russian assets, the Central Bank of the Russian Federation maintains prohibitions and restrictions on transactions with shares of financial organizations and shares. Is there no more room for investment in the market? Of course, this is not the case – but only someone who knows about the “pitfalls” can work.
The news stream gives the impression that financial assets no longer bring the same profitability that they used to. This is a deceptive impression. ARAVANA Multifamily Office specialists, together with partners, keep abreast of the market and legislative nuances and carefully guide their clients through a maze of restrictions and visual prohibitions.
At the moment, there are a number of Decrees of the President of the Russian Federation regarding prohibitions and restrictions on transactions with shares of financial organizations. They differ depending on the type of organization.
Here’s what you need to know:
In relation to such organizations, it is prohibited to make transactions involving the direct or indirect establishment, modification, termination or encumbrance of the rights of ownership, use, etc. In other words, the provision of Decree No. 520 completely stops any operations within the designated organizations without the special permission of the President of the Russian Federation. Transactions that will be made without such permission will be considered illegitimate.
The restrictions are valid until December 31, 2022, but the validity period can be extended.
It seems like it’s too complicated. Not everyone is able to quickly “translate” from the legal language into Russian and correctly interpret the details of the regulations. The lawyers of ARAVANA Multifamily Office and partners have extensive experience in order to protect their clients from such stress and take care of such issues themselves.
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