A new thaw

Due to devaluation of the rouble there has been an increase in investments from Asian countries, which seek cheaper assets. The largest investor is China; Japan and South Korea should also be mentioned.

Despite the total decrease in foreign investments due to sanctions, the market is starting to adapt to the existing situation. Foreign investors understand that investments in selected beneficial projects are still possible under the conditions of sanctions.

As for the legal market, large Russian companies are reducing their legal budgets and trying to resist using outside counsel. Partner of YUST Law Firm Evgeny Zhilin gave the following commentary of the situation to Legal Business magazine: "The legal market will shrink about 10% to 15% a year. Boutique and smaller firms will be more adaptable".

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