As of May 1, 2024, significant amendments to Council Regulation (EU) 833/2014 introduce additional reporting obligations for EU companies with certain ownership structures. Specifically, these obligations apply to companies more than 40% owned, directly or indirectly, by a legal entity or individual based in Russia, including Russian nationals with dual EU citizenship. Key Reporting Requirements: … Continue reading “New Reporting Obligations Under Article 5r of Amended Council Regulation (EU) 833/2014”