This article analyzes the issues surrounding the participation of public law companies in civil circulation. It provides an overview of existing civil law concepts regarding the phenomenon of “civil circulation” and its content. A detailed analysis of the disclosure of transactions in which individual public law companies may participate is provided. A number of issues related to the participation of public law companies in civil circulation are identified, including the differentiation of their activities. The lack of formal restrictions on participation in civil circulation and uniformity in the approval of public-law companies' participation in transactions is also highlighted. Recommendations are provided for the development and amendment of Russian legislation to unify restrictions on civil circulation and the procedure for approving such participation for public-law companies.