Insights | Denuo

Legal digest: Uzbekistan

We present an overview of the key legislative changes in the Republic of Uzbekistan that will enter into force in October 2026 and may be of practical relevance to businesses.

Payments to “unfriendly” creditors: courts take a stricter stance

In accordance with Decree of the President of the Russian Federation No. 95 dated 5 March 2022, financial obligations to creditors associated with “unfriendly” states exceeding RUB10 mln per month must be performed by crediting a special Type C account opened in the creditor’s name with a Russian bank. Funds credited to such Type C account may only be debited for specified purposes.

Türkiye exempts foreign-sourced income of new residents for 20 years

Individuals who are tax resident in Türkiye generally pay income tax on all global income according to a progressive scale from 15% to 40%. Tax non-residents pay tax only on income derived in Türkiye.
Amendments to Income Tax Law No. 193 introduced a provision on a new tax regime that establishes a specific status of a Turkish tax resident. Such resident’s income tax liability is limited to Türkiye-sourced income; only such income is to be declared.

Denuo strengthens its practice in Uzbekistan

Denuo announces the appointment of Zarrina Ruzmetova as counsel in the Tashkent office.

Jurisdictions with adequate protection of personal data: what is adequate for one may not be adequate for another

In July 2026, Uzbekistan approved a list of 49 jurisdictions recognised as providing an adequate level of personal data protection. This caused our international privacy team to take a broader look at how adequate jurisdictions are regulated across different countries, focusing on Uzbekistan, the UAE, Georgia and Türkiye.

Denuo strengthens its Data Protection offering

Denuo announces the appointment of Daria Zagranichnova as an International Privacy team leader. Daria joins the firm together with her team.

“Duty-free” imports of goods from EAEU member states may trigger multimillion additional charges for Russian companies

Despite the unified economic space of the EAEU and the absence of import customs duties in the Union’s internal trade, recent customs control practices regarding such goods indicate that the rules of the game have changed. In our legal update we talk about the development of this new, conservative approach and explain how businesses can protect their rights during inspections.

EU adopts 21st package of sanctions against Russia

On 23 July 2026, legal acts formalising the 21st package of European Union restrictive measures (sanctions) were published.

Federation Counsel approves law establishing grounds for terminating foreign investors’ right to repurchase assets

On 24 July 2026, the Federation Council approved amendments (Draft Law No. 1206580-8), introducing Article 20.1 into Law No. 160-FZ , which establishes the grounds for terminating the right of a foreign investor from an unfriendly state (or a person under its control) to repurchase a business asset that it previously owned in Russia from the current owner of the asset: a Russian national or a Russian / “friendly” legal entity controlled by a Russian national (repurchase option).

16 / 07 / 2611:00 msk

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