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Changes in restrictions on cross-border funds transfers for non-residents

Recent Regulations & NewsChanges in restrictions on cross-border funds transfers for non-residents

According to the new rules, foreign investors operating in the Russian financial market will be able to make cross-border funds transfers from In-type accounts.

In addition, the restrictions on the repatriation of funds recorded in In-type accounts with Russian brokers and trust managers are lifted for such investors (foreign persons acting on their behalf).

Preview photo: A9 STUDIO / Shutterstock / Fotodom

Story from www.cbr.ru

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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