A special recording procedure for certain securities will be in effect until the end of 2025
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09.01.2025
RUSSIAN EXPORTERS WILL BE ABLE TO AVOID DEPOSITING FOREIGN CURRENCY EARNINGS INTO AUTHORISED BANKS
The rules for the issuing of permits of the Government Commission for Control over Foreign Investments have been adjusted.
Now the said commission will be able to permit Russian exporters and their subsidiaries not to credit foreign currency received in accordance with the terms of foreign trade agreements to their accounts in authorised banks. These provisions will be in effect until April 30, 2025 inclusive.
In addition, Russian exporters and (or) their subsidiaries now have the right to send foreign currency from their accounts in foreign banks to pay the obligations of Russian importers under foreign trade agreements (contracts) concluded with non-residents within three days from the date of crediting the Russian currency to their accounts in authorised banks from the accounts of Russian importers.
In this case, Russian importers must ensure the import of goods into the territory of the Russian Federation or the crediting of foreign currency transferred by Russian exporters and (or) their subsidiaries to their accounts in authorised or foreign banks for non-imported (non-received) goods within a period not exceeding 180 days from the date of fulfilment of such obligations.
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