Russia includes deposits in decree on special rules for meeting obligations to foreign creditors

MOSCOW. June 2 (Interfax) - Russia has included deposits in the special regulations for meeting obligations to "unfriendly" nonresidents that were introduced in response to sanctions against the country by a presidential decree signed on March 5, 2022.

A June 1, 2026 decree, published on the website for disclosure of laws and regulations on Monday, amends the first point of decree No. 95 "On the temporary procedure for fulfilling obligations to certain foreign creditors," which specifies that this procedure applies to credits, loans and financial instruments, to add bank deposits.

The special procedure applies to obligations upwards of 10 million rubles in a calendar month or the equivalent in foreign currency. In order to fulfill them, it is necessary to open a special C-type ruble account in the name of the nonresident, in which transferred funds are blocked. This money can be converted into forex only with the permission of the Russian authorities.