3 Mar 2023 15:48

Putin introduces special procedure for transactions with securities purchased from 'unfriendly' non-residents as of March 1, 2022

MOSCOW. March 3 (Interfax) - Russia has introduced a special procedure for transactions with securities, such as shares, bonds, Russian federal loan bonds (OFZ), and mutual funds, acquired after March 1, 2022, from persons of "unfriendly" states and credited to an account with a Russian depository.

The corresponding decree "On additional temporary economic measures related to the circulation of securities" was signed by President Vladimir Putin on March 3, and it is valid from the date of publication until the temporary measures established by it are cancelled.