Annotation

The author considers theoretical and practical aspects of exclusion of “unfriendly” jurisdictions` shareholders from Russian non-public corporations. The article analyzes the emerging of the judicial practice of such exclusion since 2022, highlights the influence of the positions of the Russian Supreme Court on its formation. The author demonstrates the change in the approach of courts to the qualification of shareholders` exclusion. As a result, the author points out the need for the courts to apply the mechanism of exclusion of “unfriendly” jurisdictions` shareholders cautiously in order to prevent circumvention of the Russian counter-sanctions regulation.