War and Peace in Corporate Relations with Foreign Entities

Foreign businesses are currently trying to find a balance between confrontation and attempts at cooperation in their corporate relations with Russian businesses. On the one hand, given the unilateral restrictive measures imposed by unfriendly states, many foreign shareholders have begun abusing their corporate rights or have abandoned their business in Russia altogether. In response, new mechanisms have emerged to protect Russian businesses during emergencies, such as the suspension of corporate rights or temporary management of property, while existing instruments have become more widespread, such as joint liability for Russian and foreign individuals of the same group or limiting payments. On the other hand, Russian businesses continue to successfully set up joint ventures with foreigners. Many foreign companies that left Russia in 2022 are already considering a return. In addition, it cannot be denied that foreign shareholders have a positive influence on corporate governance. Are the accusations justified that these measures do not comply with the Russian Constitution and international law? How can we find a balance between protecting Russian businesses and maintaining the appeal of the market for foreign investors? In what cases can the Russian companies of foreign groups be held liable for violations by foreign companies? Under what conditions can foreign businesses return to Russia? What difficulties do Russian businesses face when creating joint ventures with foreigners in the current conditions?