Translation. Region: Russian Federal
Source: Central Bank of Russia –
An important disclaimer is at the bottom of this article.
On July 31, 2025, the Board of Directors of the Bank of Russia decided to introduce Decision of the Board of Directors of the Bank of Russia dated November 21, 2022 "On the establishment of the type "C" account regime for settlements and the implementation (execution) of transactions (operations) to which the procedure for fulfilling obligations provided for by Decree of the President of the Russian Federation dated March 5, 2022 No. 95 "On the temporary procedure for fulfilling obligations to certain foreign creditors" applies change, adding the following words to paragraph twelve of subparagraph 1.1 of paragraph 1:
"; transfers by order of a non-resident for whom a type "C" bank account has been opened in favor of a resident for the purpose of fulfilling the non-resident's obligation to transfer funds, provided that transactions (operations) related to such transfers are concluded between the said resident and the non-resident from whose type "C" bank account funds are debited, which entail the transfer of ownership of securities to the resident in accordance with permits issued on the basis of decrees of the President of the Russian Federation, if the terms of such transactions (operations) provide for the alienation in favor of the non-resident of property (including property rights) recorded abroad, the disposal of which is restricted due to unfriendly actions of foreign states; transfers at the order of a non-resident for whom a type “C” bank account has been opened, in the amount of dividends previously credited to the type “C” bank account due to this non-resident, in favor of the resident for the purpose of fulfilling the non-resident’s obligation to transfer funds, subject to obtaining permission issued on the basis of decrees of the President of the Russian Federation to pay dividends to the non-resident.”
The decision of the Board of Directors of the Bank of Russia to amend the decision of the Board of Directors of the Bank of Russia dated November 21, 2022 shall apply from the date of its publication on the official website of the Bank of Russia on the information and telecommunications network "Internet".
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