9 Dec 2022 12:35

Russian companies permitted not to disclose consolidated financial reports until July 1, 2023 - govt

MOSCOW. Dec 9 (Interfax) - The Russian government has extended for six months until July 1, 2023, the rule permitting companies not to disclose annual and interim consolidated financial reports, with the corresponding resolution having been signed, the government said in a statement.

"The decision was taken in order to reduce the risk of sensitive information from reports being used by unfriendly countries that impose sanctions on Russian companies," according to the statement.

The government at the end of November also extended until July 1, 2023, the rule allowing non-disclosure of corporate information by stock market participants.