The government has relaxed the requirement for foreign exchange transactions.
On August 22, the Commission of the Government of the Russian Federation for the control of Foreign Investments decided to remove the restriction on the crediting of dividends or the distribution of profits by shares and shares in Russian LLC and JSC, cooperatives to the settlement accounts of foreign banks.
Residents of the Russian Federation were allowed to carry out currency transactions under foreign currency loan agreements against residents of unfriendly countries until October 01, 2022.
A loan can be provided that a non—resident is not a person from an unfriendly country and does not control such a person. There are no requirements for the place of registration of such borrowers.
Recall that the Government of the Russian Federation on March 05, 2022, the government approved a list of unfriendly countries, including Cyprus, Japan, Korea and Australia, and New Zealand, all European countries except Serbia
Special currency control rules apply to residents of unfriendly countries, which are humanized every month, despite the geopolitical situation in the world, as evidenced by the Resolution of the Russian Federation under consideration.
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