For owners from 'unfriendly' jurisdictions, exit is gated by Government Commission approval, a mandatory discount and an exit tax — and the sequence decides how much you keep. We run the Russian side of the exit or restructuring, and coordinate with your home-country counsel.
Since October 2024, a sale of Russian assets by an unfriendly-jurisdiction owner has to clear the Government Commission, at a mandatory discount of at least 60% of appraised value, plus an exit-tax contribution of at least 35% of the undiscounted value, paid over two years. Deals above 50 billion roubles need the President's personal approval. Once discount and contribution are applied, a seller typically keeps around 5% of the appraised worth. The rules exist to make leaving costly — so the decision has to rest on your real recovery figure, not the balance-sheet value.
There is no single 'exit' — there are several routes, and the cheapest one is a number for your situation, not a default. The six below, with the trade-off that decides each.
We run the Russian side of the exit or restructuring end to end. On your home-country law — sanctions, tax, corporate approvals at HQ — we coordinate with your counsel rather than opining on it.
We cost each realistic route — sale, liquidation, wind-down, transfer — on your numbers, so the board sees the real recovery before committing.
We map the Government Commission approval, the discount and the exit tax for your deal, and whether the 50-billion-rouble presidential threshold applies.
We run the chosen route in the right order — because sequence decides what you keep — through to approval or the exit audit.
Final distributions, the mandatory audit, and deregistration handled so no Russian obligation is left behind you.
Less than the appraised value by a wide margin. Since October 2024 a sale by an unfriendly-jurisdiction owner carries a mandatory discount of at least 60% plus an exit-tax contribution of at least 35% of the undiscounted value, so a seller typically keeps around 5% of the appraised worth. That's why the first step is modelling your real recovery figure, not working from the balance-sheet value — and weighing it against the cost of liquidating or holding instead.
It depends on your numbers. A sale returns a fraction of value after the discount and exit tax but can be faster; a liquidation avoids the discount but runs longer, with a mandatory FTS exit audit and its own tax. We model both on your actual figures so the cheaper route is a decision, not a guess.
That used to be the safe option; it no longer is. A dormant operation left untouched now carries seizure risk, and it still has to file and stay compliant. If you're not ready to exit, holding needs to be a deliberate, managed position rather than neglect — which is itself something we handle.
We run the Russian side — the approval, the discount, the liquidation or transfer, the recovery model. On your home-country sanctions, tax and corporate approvals, we coordinate with your counsel rather than opining on their law. The Russian-side facts and permissions we establish are what your advisers need to complete the picture.
A senior adviser will model your real recovery across the routes and map the approval path — so the board decides on a number, not a headline.
ex-Big Four team · Moscow · since 2018 · © TaxWell & Partners
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