11 June 2019, 15:48

Circumventing sanctions.Medvedev classified information on companies operating in occupied Crimea

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The Russian government adopted a resolution giving the right to classify information about companies operating in the illegally annexed Crimea.

Resolution No. 729 of June 6 was published on the official legal information Internet portal signed by Russian Prime Minister Dmitry Medvedev.

Data about co-owners and managers of legal entities, as well as licenses in case they are already under foreign sanctions, are in the Crimea or are banks authorized for state defense orders, will be hidden from the Unified State Register of Legal Entities (URSS). Information about the Crimean branches can also be hidden.

Access to data contained in the Unified State Register of Legal Entities (documents containing information) specified in subparagraph (n) of Paragraph 1 of Article 5 of the Federal Law “On State Registration of Legal Entities and Individual Entrepreneurs” may be restricted if such data contain information about branches and (or) representative offices of legal entities located on the territory of Crimea and (or) on the territory of Sevastopol, the resolution says.

QHA media reported that the European Union intends to extend sanctions against Russia for the occupation of Crimea, which expire on June 23. Sanctions prohibit EU residents and companies from buying property or enterprises on the annexed peninsula, financing Crimean companies or providing them with related services.