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Country law guide · Russia

Mergers & acquisitions in Russia

Acquisitions, disposals, joint ventures and corporate reorganisations across European markets.

A Russian acquisition may involve economic-concentration control under Competition Law 135-FZ and separate strategic-investment scrutiny under Law 57-FZ. These frameworks examine different matters, so a merger assessment cannot substitute for analysis of foreign control over a sensitive business.

The transaction also requires current sanctions and Russian approval or countermeasure analysis. Evaluate the investor's full control chain, target activities and proposed payment mechanics before treating a signed sale agreement as capable of completion. The acquisition documents should then allocate each identified risk through evidence, disclosure, completion conditions and clearly assigned responsibility for obtaining consent, rather than leaving the regulatory timetable implicit.

Key laws & official sources

Competition Law 135-FZ — WIPO Lex

Regulates restrictive conduct, dominance and economic concentration; Russian consolidation is to March 2025, while the English version is substantially older.

Strategic Investment Law 57-FZ — UNCTAD Investment Laws Navigator

Provides the strategic-investment framework concerning foreign control and relevant assets; current amendments and parallel restrictions require separate verification.

UK government — Russia sanctions statutory guidance

Explains UK financial, trade and professional-services restrictions, including legal-advisory limits and the need to assess applicable exceptions or licences.

Point to check

An agreed transaction price does not establish regulatory clearance; assess merger control, investment screening, employment consequences and completion conditions separately. Any assistance remains subject to applicable sanctions, legal-services restrictions and required permissions.

Practical next steps

  • Assess concentration control and strategic-investment approval as separate conditions.
  • Reconcile ownership, consents and disclosure documents.
  • Allocate identified risks through conditions, warranties and indemnities.

Documents to prepare

  • Term sheet and ownership structure
  • Due diligence materials and disclosure letters
  • Financing commitments and regulatory correspondence
Illustrative legal professionals with the Winter Palace and Neva in Saint Petersburg
Illustrative professional scene: the Winter Palace and Neva, Saint Petersburg. Fictional people; not a Jurisiti office or team photograph.

How Jurisiti can help

Map the transaction perimeter before negotiating warranties. A share purchase and an asset purchase can transfer different liabilities, permissions and employment obligations. Build regulatory approvals, employee consultation and third-party consents into the timetable; signing a contract does not itself satisfy conditions for lawful completion.

  • Legal due diligence and transaction structures
  • Share and asset purchase agreements
  • Merger control, investment screening and completion

Questions about your matter

How do I start a mergers & acquisitions enquiry in Russia?

Identify the jurisdiction, the people involved, any existing proceeding or deadline, and the result you need. A short chronology and the key documents help define the proposed engagement before local professional arrangements are confirmed.

Can a cross-border matter involve more than one legal system?

Yes. Russia may be one part of a wider matter involving another place of residence, contracting party, asset or forum. Applicable law, jurisdiction and enforcement should be assessed separately, using the relevant national and international rules.

Does this guide establish a lawyer-client relationship?

No. An enquiry or use of this guide does not establish an engagement. Conflicts, professional authority, scope, responsibilities and fees must be confirmed before work is undertaken.

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