Certain data held by the Unified State Register of Legal Entities (EGRUL-Register) may be withheld.

As a next measure* undertaken for access limitation to potentially high-risk information with regard to possible imposing of secondary sanctions by foreign states, certain company data from the Unified State Register of Legal Entities (hereinafter EGRUL-Register) maintained by the Federal Tax Service of Russia as a registration authority may be closed.

The Resolution of the Government of Russia #729 as of June 06, 2019 authorizes legal entitles not to disclose their shareholders, management and licenses for the EGRUL-Register in following cases:

  • sanctions are already imposed on a legal entity by foreign countries
  • legal entity is a credit institution serving state defense orders
  • legal entity including branches and representative offices is located in the Republic of Crimea or City of Sevastopol

The final decision on voluntary closure will be taken by legal entities themselves by informing the Federal Tax Service correspondingly. The application form will be prepared by the registration authority before September 30, 2019.

Remarks: About 1000 Russian legal entities are now under primary international sanctions. A little over 44 thousand active legal entities are registered in the Republic of Crimea and Sevastopol.

Source: Credinform – a Russian provider of company credit reports – online & freshly investigated

Also read: Russia Offers Listed Companies Protection Against Sanctions by Authorizing them not to Disclose Certain Data