IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 02 Jun 2012 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On 17 May 2012, the Central Bank of the Russian Federation issued Decree No.2818-. It concerns the rights of subsidiaries of foreign banks operating in Russia when they wish to open local branch offices. Concretely, the decree has abolished the existing obligation to obtain permission from the Central Bank and replaced it by a notification requirement.

The new legal act entered into force on 2 June 2012.

AFFECTED COUNTRIES

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