Russian President Vladimir Putin signed a document according to which transactions of non-residents from unfriendly countries with more than 1% of stocks of Russian financial organizations must be approved by a government commission.
Updated October 15, 2022
Russian President Vladimir Putin granted the Central Bank of the Russian Federation the authority to issue permits for the export of foreign currency from the Russian Federation in the amount of more than $10,000, follows from a decree signed by the head of state on October 15.
Updated October 15, 2022
The Bank of Russia has developed additional procedures for setting official rates of foreign currencies in relation to the ruble, in order to more accurately reflect the situation on the markets. Additional alternative data sources - bank reports and digital OTC trading platforms - are provided for this purpose.
Updated October 13, 2022
A bill proposing to increase the number of banks and brokers entitled to participate in foreign exchange trading on the Moscow Exchange has been submitted to the State Duma. The project proposes to allow the Russian government to approve the list of countries which banks and brokers can participate in foreign currency trading on Moscow Exchange. The Bank of Russia will be able to establish requirements for foreign banks and foreign brokers to participate in trading and to limit the transactions carried out by them.
Updated October 11, 2022
The Federation Council approved the law on the granting of credit vacations to the mobilized.
Updated October 4, 2022
The Central Bank has developed additional procedures for establishing exchange rates of foreign currencies.
Updated October 3, 2022
The Bank of Russia extended for six months restrictions on transfers abroad of funds of non-residents from unfriendly countries from the accounts of brokers and trustees. The restrictions were introduced on April 1, 2022.
Updated September 29, 2022
Legal entities will be able to buy securities of issuers from unfriendly states without any restrictions, regardless of whether they have the status of a qualified investor or not.
Updated September 29, 2022
The Bank of Russia extended for six months restrictions on the withdrawal of money abroad. The restrictions will be in effect from October 1, 2022 to March 31, 2023.
Updated September 29, 2022
Recommendations of the Bank of Russia on the fulfillment of obligations on credits (loans) in foreign currency.
Updated September 24, 2022
The Central Bank has published recommendations for credit institutions on repayment of loans in "unfriendly" currencies by borrowers.
Updated September 23, 2022
The Bank of Russia recommended banks and MFIs to give credit holidays to mobilized citizens.
Updated September 21, 2022
The Bank of Russia has decided to extend for one quarter (until January 1, 2023) the ban on credit institutions from disclosing certain information on public resources.
Updated September 16, 2022
The Bank of Russia cuts key rate by 50 bp to 7.50% p.a.
Updated September 16, 2022
Russian banks will have to indicate the minimum guaranteed rate on deposits from October 1.
Updated September 15, 2022
The Bank of Russia explained the nuances of real estate transactions with foreigners from friendly countries.
Updated September 13, 2022<
The Bank of Russia has prepared answers to frequently asked questions of self-regulatory organizations and associations of financial market participants regarding executive orders of the President of the Russian Federation aimed at ensuring financial stability.
Updated September 12, 2022
The Moscow Exchange has expanded the list of shares not available to non-residents.
Updated September 9, 2022
The Central Bank has allowed banks to give clients cash from foreign currency accounts and deposits credited from 9 September in roubles at the bank's exchange rate.
Updated September 8, 2022
Bank of Russia announced the appearance of unified registers of investors in 2023.
Updated September 6, 2022
Bank of Russia to limit sales of securities issued by unfriendly countries to non-qualified investors.
Updated September 6, 2022
The Bank of Russia clarifies the requirements for the application of the "C" account regime for the purposes of the performance of obligations to non-residents.
Updated August 24, 2022
Moscow Stock Exchange intends to admit non-residents from unfriendly countries to the stock market, allowing them to trade in negotiated transactions mode (a special mode available only to professional traders).
Updated August 25, 2022
The Central Bank listed the advantages of a “deal with the regulator” for violating insiders.
Updated August 15, 2022
Central Bank clarified the decree on the suspension of banks' operations in "toxic currency".
Updated August 9, 2022
Brokers and management companies will be responsible for the trusted identification of non-residents.
Updated August 8, 2022
Russian President Vladimir Putin signed a decree on a temporary procedure for fulfilling obligations under bank account contracts in foreign currency and obligations under bonds issued by foreign entities.
Updated August 8, 2022
The Central Bank has extended restrictions on foreign currency cash withdrawals for six months, until March 9, 2023. The limit may not exceed 10,000 US dollars or an equivalent amount in euros.
Updated August 1, 2022
The interest rate on preferential investment loans for industry in Moscow has been reduced from 9% to 3%. In addition, the size of the loan to be provided is increased from 1bn RUB to 3bn RUB.
Updated July 27, 2022
Previous updates