Sanction regime and foreign real estate: new rules for Russians
In an article for Business Emirates, Maxim Simonov, Partner and Head of Tax Practice at Duvernoix Legal, talks about the difficulties of conducting transactions with foreign persons for Russians in connection with sanctions imposed by the United States, the European Union and other unfriendly countries, as well as restrictions on the use of personal accounts of Russians abroad. The restrictions also apply to Russians who spend abroad more than 183 days a year.