Latest news, articles and valuable insights about business in Russia. Our team of experts at GFLO Consultancy offers professional services in Russia. We’re here to provide you with helpful information, and we hope you will discover the answers you seek below. If not, feel free to reach out to us anytime.
What the Problem Is In March 2022, in response to Western sanctions and the freezing of assets held through Euroclear and Clearstream, Russia introduced a set of counter-sanctions measures designed to prevent an uncontrolled outflow of capital. Two mechanisms sit at the heart of the issue. The first is segregated (separated) accounting. Securities – [...]
Application channel: Renaissance Capital Russia (ex‑Citibank AO) Applications for Lukoil DR dividends are submitted via Renaissance Capital Russia, which has acquired AO Citibank, the former Russian subsidiary of Citi. The functions previously performed by Citibank AO in relation to custody and settlement, including the servicing of Lukoil DR‑related dividend claims, have effectively been transferred [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Method 1: Banking via Neighboring Countries Attempting to use the banking systems of "friendly" neighboring countries [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Strategy 1: Acquiring Citizenship in a "Friendly" Nation Perhaps the most flexible strategy involves a change [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Why Are Dividend Payments Blocked? The fundamental reason these funds are inaccessible is a breakdown in [...]
What does the ownership chain look like? The ownership chain for these shares is structured as follows: Issuer → Shareholder Register → Russian Depository → Foreign Broker → Client. Therefore, although the shares are physically located in Russia, the ultimate holder is a foreign legal entity (the Client). What happens to the blocked [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. Grounds for Russian citizenship by investment: golden visa The Russian Investor Visa, also known as the [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. In accordance with U.S. law, the inclusion of a company in the SDN list means that [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. On August 2, 2024, OFAC extended the license to conduct transactions with the NSD until October [...]
Due to recent developments, there is now a definitive legal pathway to claim assets through the court. GFLO Consultancy has first-hand practical experience with the new approach to ADR recovery. The first consultation is free. New federal law This is partly due to a new federal law, that prohibits Russian issuers [...]
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