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30.03.2022
RUSSIAN CITIZENS WILL BE ABLE TO PERFORM REAL ESTATE TRANSACTIONS WITH NON-RESIDENTS
Russian citizens will be able to perform real estate purchase and sale transactions with non-residents.
On March 17, 2022, the Sub-commission of the Governmental Commission for the Control of Foreign Investments considered appeals from individuals concerning real estate transactions.
Residents are allowed to sell real estate to non-residents associated with states that commit unfriendly actions against Russian legal entities and individuals. Residents are also to purchase real estate from non-residents associated with hostile states.
However, funds for such transactions must be credited to the account of type "C" in the procedure determined by the Presidential Decree No. 95 of March 5, 2022.
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