ANNOUNCEMENT 20 Mar 2015

In March 2015, the government of the Russian Federation announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



20 2015 . 256 " 27 2014 . 1563"
http://www.pravo.gov.ru/laws/acts/22/505354.html

27 2014 . 1563 " " 2015 2016 2017 ".
http://www.consultant.ru/document/cons_doc_LAW_177006/


Inception date: 20 Mar 2015 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 20 March 2015 the Government of the Russian Federation approved Decree Nr. 256. It stipulates that in 2015 agreements for granting of subsidies to legal entities, as well as budgetary investments or contributions to the registered capital of legal entities must contain as anti-crisis related general measure the prohibition on conversion of these funds into foreign currency. This measure may prevent subsidy recipients from buying goods or services from abroad.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A