The Russian Ministry of Finance has issued Letter No. 03-08-05/31309 concerning the taxation of gains derived by a Dutch resident following withdrawal from a Russian limited liability company. As per Russian law, if a member of an LLC ceases its membership, its stake passes to the LLC and the LLC is generally required to pay the member the actual value of the stake as determined by the LLC's financial statements for the period preceding the date the application to cease membership is made. Th…