Forbes Russia quoted Sergey Tarasevich's opinion on how to extend the effect of Decree No. 665 to the assets blocked on the SPB Exchange
SPB Exchange said it is discussing with Russian regulators the payment of dividends on foreign securities frozen due to sanctions against the trading floor. The idea is to extend to these assets the mechanism under Decree No. 655, which provides for the payment of income from funds intended for payments to foreigners on sovereign Eurobonds. The…
21.05.2024
Frank Media quoted Sergey Tarasevich's saying amendments to Decree No. 655, necessary to extend it to the frozen assets on the SPB Exchange
SPB Exchange hopes to extend the effect of Presidential Decree No. 665 to the assets of its clients. As a reminder, the directive provides for the payment of dividends and coupons on blocked foreign securities to Russian investors in roubles at the expense of the Ministry of Finance funds intended for payments to foreigners on sovereign Eurobonds.…
21.05.2024
Sergey Tarasevich has commented for RBC on the option of paying investors income on frozen foreign assets being considered by SPB Exchange
Since 2 November 2023, as a result of the blocking US sanctions on SPB Exchange, trading in all foreign assets on the exchange was halted and foreign assets already owned by the investors totalling $3 bn were blocked. SPB Exchange is currently discussing with Russian regulators the possibility of extending to the frozen assets of its clients the…
21.05.2024
Sergey Tarasevich has explained to Cbonds Weekly News whether the position of Clearstream and regulator Euroclear will affect the prospects for the exchange of blocked assets
On 8 May 2024, the deadline for accepting bids for the exchange of blocked assets worth up to RUB 100,000 expired. According to the data of the exchange bidding organiser, the demand for the redemption of assets from non-resident investors exceeded the potential supply of Russians. At the same time, Clearstream depository and the Belgian Ministry…
08.05.2024
Sergey Tarasevich told Novy Prospect about the importance of being present at the workplace at the time of inspections
Despite Russia's moratorium on inspections, regulatory authorities continue to carry out control measures. These include inspections of premises, interviews with employees and document requests. At the same time, unlike a full-fledged field inspection, regulatory authorities are not required to notify the inspected entity of their visit, which, in…
09.04.2024
Sergey Tarasevich told Cbonds Weekly News what an investor should take into account when exchanging blocked assets
Investicionnaya Palata Broker announced the strategy of accepting bids for the redemption of frozen assets and published the prices from which the auction will begin. As previously announced, the prices are taken from foreign exchanges at the end of trading on Friday, 22 March 2024. It is assumed that foreign investors will buy these assets from…
28.03.2024
Sergey Tarasevich has commented to RBC on the presidential decree on the payment of funds from C-type accounts
On 19 March 2024, Russian President Vladimir Putin signed a decree allowing payments on securities of Russian issuers from C-type accounts to Russians and foreign companies controlled by them that are not recognised as persons from "unfriendly" countries, despite their actual registration in such countries. As of the end of March 2023 (the latest…
20.03.2024
Maxima Legal and Nextons have represented the sellers in the deal for Yandex's acquisition of eLama technology platform
By the middle of this year, Yandex plans to close a deal to buy eLama technology platform that allows to run advertising campaigns in 19 internet systems, including Yandex, VK and Telegram. Maxima Legal and Nextons are acting as legal advisors on the sellers' side. At the current stage, the firms supported the negotiations and ensured the…
16.02.2024
Sergei Tarasevich discussed with Cbonds Weekly News the changes in taxation of income in the form of material benefit
In 2024, the privilege of exemption from personal income tax on material benefit will no longer apply to investors who purchased a security at a discount of more than 20% from the market price. It is assumed that tax will start to be deducted from the material benefit from the purchase of securities bought this year. However, personal income tax…
20.01.2024
Sergey Tarasevich has commented to Dairy News on the potential consequences of the Perm dairy plant losing the dispute with the Federal Tax Service
The Seventeenth Court of Appeal did not satisfy the appeal of Yugoslavskiy Kombinat Molochnikh Productov (Yugovskaya Kombinat Dairy Products) LLC against the decision of the first instance, which recognised the actions of the Federal Tax Service in imposing additional charges of RUB 110 mn on the company as lawful. In the opinion…
29.09.2023