Avoiding Pitfalls In Russian Market Exits

Key takeaways:

• Ongoing hostilities in Ukraine and expansion of Western sanctions and Russian “counter-sanctions” measures have made it virtually impossible for foreign companies to continue business as usual in Russia.
• Companies exiting Russia have to consider new Russian Government approval requirements and navigate incredibly complex sanctions imposed on Russia by the United States, the European Union, the United Kingdom and other countries.
• In this Client Update, we provide an overview of the regulatory measures taken by the Russian Government and key commercial issues faced by companies that exited Russia through divestment of business either to management or third-party buyers.