Budget contribution of 15% on exit (superseded)
Replaced the budget-contribution term of Extract No. 171/5 with a flat payment of at least 15% of market value within one month. Superseded by Minutes No. 268/1 in October 2024.
What it says
As a condition of exit permits, the seller undertakes a “voluntary” payment to the federal budget of at least 15% of the market value of the assets under the independent valuation, within one month of the transaction. Subparagraph 4 of paragraph 1 of Extract No. 171/5 (10% of half the value) was repealed.
Status, October 2026
Paragraph 1 lapsed under Minutes No. 268/1 of 15 October 2024, which raised the contribution to 35% on a schedule. Kept here because older permits and commentary refer to it.
Unofficial translation
Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Ministry of Finance ↗. Lapse notes are editorial and not part of the extract.
EXTRACT
from the minutes of the meeting of the Sub-commission of the Government Commission for Control over Foreign Investment in the Russian Federation of 26 September 2023 No. 193/4
Moscow
Paragraph 1
“1. Taking into account the discussion held, and in addition to the minutes of the meeting of the Sub-commission No. 171/5 of 14 June 2023, the Sub-commission unanimously decided that, when considering the issue of permits to be granted by the Sub-commission for the performance (execution) of transactions (operations) aimed at the alienation of securities, including shares, and of participatory interests (contributions) in the authorised (share) capital of Russian legal entities (the “assets”) by foreign persons associated with foreign states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals (including where such foreign persons are citizens of those states, or those states are their place of registration, their principal place of business or the principal place where they derive profit from their activities), or by persons under the control of such foreign persons, irrespective of their place of registration or principal place of business, it shall as a rule proceed from the expediency of establishing, as one of the conditions for the performance (execution) of such transactions (operations), an undertaking to make a voluntary payment to the federal budget of not less than 15% of the market value of the assets stated in the report on an independent valuation of the market value of the assets prepared by an appraiser in private practice included in the list of appraisers (valuation organisations) recommended by the Sub-commission for such valuation, or by an appraiser employed under an employment contract by a legal entity included in that list, within one month of the date of performance (execution) of the transaction (operation).
Paragraph 2
2. Subparagraph 4 of paragraph 1 of the minutes of the meeting of the Sub-commission No. 171/5 of 14 June 2023 shall be deemed to have lapsed.”
Certified true extract.
Deputy Minister of Finance of the Russian Federation
A.V. Moiseev