Implementation of additional measures of the special quarantine regime in Azerbaijan
The Decision #410 of the Cabinet of Ministers of the Republic of Azerbaijan dated October 23, 2020 proclaims an implementation of additional measures of the special quarantine regime in the country as of 24 October, 2020.
The Supreme court of the Russian Federation proposed to attribute minor crimes of businessmen to misdemeanors
On October 13, the Supreme court of Russia approved a bill according to which non-serious crimes of entrepreneurs will be classified as a criminal offense, for which the court exempts from criminal liability and only assigns a judicial fine. Therefore, if the committed crime is recognized as a criminal offense, the violator will not have a criminal record.
ADB approved USD 200 million loan to improve power sector in Uzbekistan
On 28 September the Asian Development Bank (ADB) approved a USD 200 million policy-based loan to Uzbekistan. The loan will be used for strengthening Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure. This policy-based loan became the first of its kind in Uzbekistan’s energy sector.
The list of offshore zones has been updated in Uzbekistan
In accordance with the additions to Regulation “On the procedure for monitoring the validity of the conduct of foreign exchange transactions by legal entities and individuals” (Appendix to the Resolution No.2467 dated June 12, 2013) (the “Regulation”), the changes were made.
Amendments and additions have been made to the Clearing System of Central Bank of Uzbekistan
By the Resolution of the Board of the Central Bank No. 2570-1 dated September 28, 2020, the following adjustments were made.
22.10.2020
Based on the Presidential Decree No.UP-5614 of January 8, 2020, as well as Presidential Resolutions No.PP-4422 dated August 22, 2019, No.PP-4477 dated October 4, 2020 and No.PP-4779 dated July 10, 2019, there has been envisaged the introduction of the mechanism for the implementation of investment projects on the terms of public-private partnership (PPP) in the field of electricity generation based on renewable energy sources (RES).