1. Главная
  2. Публикации
  3. Financial Transactions and Regulation
  4. Decree on ensuring financial stability in Russia has been extended

Decree on ensuring financial stability in Russia has been extended

25 ноября 2022
183
Presidential Decree No. 845 of 23 November 2022 introduced amendments to Presidential Decree No. 126 of 18 March 2022 "On Additional Temporary Economic Measures to Ensure Financial Stability of the Russian Federation in the Area of Foreign Currency Regulation" (hereinafter - the "Presidential Decree of 18 March 2022 No. 126").

Restrictions on residents' money transfers and participation in foreign legal entities were extended until 31 December 2023 inclusive, in particular:
  • the prohibition on payment of a share, contribution, unit share in the property (authorised or share capital, share fund of a cooperative) of a non-resident legal entity has been extended;
  • the ban on contributions to non-residents under a partnership agreement with investment in the form of capital investments (joint venture agreement) has been extended.
The above transactions require permission from the Central Bank of the Russian Federation.

The Nadmitov, Ivanov & Partners law firm provides legal support for financial transactions, advises on collateral, financial market regulation, compliance and anti-money laundering.

Email: info@nplaw.ru
Tel.: +7 (495) 649-87-12
+7 (495) 649-87-12