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ARTICLE · 01 MARCH 2024

How Foreign Investors Can Alienate A Share In A Belarusian Entity?

Issues of sanctions and countersanctions have been one of the main topics for discussion during the last 3 years.

BelarusGovernment, Public Sector

Issues of sanctions and countersanctions have been one of the main topics for discussion during the last 3 years. Belarus followed Russia and adopted the list of so called "unfriendly states" by the Resolution of the Council of Ministers of the Republic of Belarus "On the List of Foreign States Committing Unfriendly Acts against Belarusian Legal entities and/or Individuals"N209 dated 06.04.2022 (hereinafter – "unfriendly" states).

The 'flagman' act regulating countersanctions, however, is not the Resolution on "unfriendly states" but the Presidential Edict "On Additional Measures to Secure the Stable Performance of the Economy" dated March 14, 2022 N93 (hereinafter – "Edict N93").

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