The Russian Ministry of Finance recently published guidance letter 03-03-06/1/79626 of 1 October 2021 concerning the treatment of a debt obligation between two legal entities that are merged. The letter notes that under Article 58 of the Russian Civil Code, when a legal entity is merged with another legal entity, the rights and obligations of the former pass to the latter. Further, under Article 413 of the Civil Code, it is established that an obligation is terminated when the debtor and cred…