March 15, 2023
RGD Senior Associate is Quoted in a Bloomberg News Article on New Russian Securities Regulatory Rules

Alexei Klementiev, Senior Associate at Finance Practice at Rybalkin, Gortsunyan, Dyakin and Partners law firm (RGD), was invited to contribute to a Bloomberg News article about the recent changes in the procedure established for selling Russian securities. These changes were implemented following a new decree by the President of the Russian Federation.


The author offers an in-depth analysis of the new decree which requires Russian investors to obtain the approval of the Central Bank or a Special Government Commission in order to make transactions with securities acquired from unfriendly countries after March 1, 2022.


According to Alexei Klementiev, the restriction on domestic sales of offshore securities will reduce the incentives for such transactions by Russian investors as the opportunities for resale of those assets are subject to ultimate approval within Russia.


Click here to read  the full story.


Rybalkin, Gortsunyan, Dyakin and Partners (RGD), a leading law firm established in 2018, which combines a premier dispute resolution practice and a high-end corporate practice dedicated to complex projects and transactions.

From our offices in Moscow, Yerevan, Tashkent and Belgrade we support clients from all over the world in their business dealings in our key practice areas involving Russia and CIS countries. In addition, our firm offers unparalleled expertise in foreign legal matters to Russian companies with significant international presence.

We are a cohesive team of seasoned professionals with a background in leading international law firms.


Our lawyers have worked on the largest corporate deals, investigations and disputes in the history of modern Russia and represented Russian companies in over 170 jurisdictions worldwide.

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