UK Lays Out Further Russian Investment Bans
The U.K.'s new restrictions on investment in Russia entered into force July 19. The measures bar individuals and entities from directly acquiring any ownership interest in Russian land and entities linked with Russia, indirectly acquiring any ownership interest in Russian…
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land and Russia-linked entities for the purpose of making funds available to individuals connected with Russia, and directly or indirectly acquiring any ownership interest in entities with a place of business in Russia. The restrictions further bar individuals and entities from establishing joint ventures with a person linked to Russia, opening representative offices and establishing branches and subsidiaries in Russia, and providing investment services for all of the aforementioned activities.