Global Trade Alert
Global Trade Alert

Russian Federation: Requirement of local sourcing of audit services for "sanctions-sensitive" financial data

Announcement

19 Apr 2021

On 19 April 2021, the Russian government changed national audit rules, resulting in a local sourcing requirement for audit services to examine certain sensitive data of local companies. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

29 Apr 2021

Revocation date:

No revocation date

Local content requirement In force

On 19 April 2021, the Russian government announced changes to the national audit legislation. The changes result in a prohibition for foreign-controlled audit firms to examine "sanctions-sensitive" fi...

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