Companies were allowed not to disclose information on transactions related to state defense orders
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Companies (JSC and LLC) may not disclose information regarding transactions related to the implementation of the state defense order and the implementation of military-technical cooperation. The corresponding decree, signed by Prime Minister Dmitry Medvedev 15 January 2018, was published on Tuesday on the government's website.
In addition, firms may not disclose information about transactions concluded with Russian legal entities and individuals who are on the sanction lists of foreign countries.
Resolution of the Federal Law "On Joint Stock Companies" is supplemented by a new standard that establishes the powers of the Russian government to determine cases in which companies have the right not to disclose information relating to "major transactions and interested-party transactions." In addition, cases of exemption of companies from the obligation to disclose information about such transactions are determined.
Medvedev also signed another decree according to which legal entities who are on the sanction lists of foreign countries may not post certain information on the Internet, including “the issuance of an independent guarantee, as well as the essential conditions of such a guarantee, information about the client’s signing a financing agreement under the assignment of a monetary claim between legal entities and others, "noted on the government website.
At the same time, unpublished information is entered into the Unified Register (the Unified Federal Register of Legally Relevant Information on the Facts of Activities of Legal Entities, Individual Entrepreneurs and Other Economic Actors) without posting them on the Internet
- reads the explanatory note to the document.
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