Paying for shares in companies of friendly states up to RUB 10 million without a permit
General permit under Decree No. 126: residents may pay for shares, contributions and units in non-resident companies of friendly states, in roubles or friendly currencies, up to RUB 10 million, without an individual Bank of Russia permit.
What it says
From 1 April 2022 residents may pay for shares, contributions and units in non-resident legal entities and pay contributions under simple partnership agreements without an individual permit, provided all three conditions are met: the non-resident company is not a resident of an unfriendly state; payment is in roubles or in the currency of a friendly state; the share or contribution being paid for does not exceed RUB 10 million or the equivalent.
Status, October 2026
In force (navigator card 7.3). For payments outside these conditions see Decision No. PRG-43-11/1199.
Unofficial translation
Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Bank of Russia ↗. Notes on provisions no longer applied are editorial and not part of the document.
DECISION
of the Bank of Russia Working Group for considering the issue of permits for the performance (execution) by residents and non-residents of operations (transactions) prohibited (restricted) in connection with unfriendly actions of foreign states, of 27 May 2022 No. PRG-12-4/1113
In order to optimise the procedure for the issue by the Bank of Russia of permits provided for by paragraph 2 of Decree of the President of the Russian Federation No. 126 of 18 March 2022 “On Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation in the Field of Currency Regulation”, the Bank of Russia Working Group decided to permit residents to carry out operations to pay for shares, contributions and units in the property (authorised or share capital, unit fund of a cooperative) of non-resident legal entities, as well as to pay contributions by residents to non-residents under simple partnership agreements with investment in the form of capital investments (joint activity agreements) (the “operation”), without obtaining individual permits of the Bank of Russia, subject to the following conditions being met simultaneously:
the non-resident legal entity in respect of which the operation is carried out is not a resident of states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals;
the operation is carried out in roubles or in the foreign currency of states that are not among the states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals (the “foreign currency”);
the amount of the share, contribution or unit in the property (authorised or share capital, unit fund of a cooperative) of the non-resident legal entity, or of the contribution to a non-resident under a simple partnership agreement with investment in the form of capital investments, paid for by the operation (including as a result of the purchase and sale of such share, contribution or unit), does not exceed RUB 10 million or the equivalent of that amount in foreign currency at the official exchange rate of the Central Bank of the Russian Federation on the date of payment.
To establish that the said permit is valid from 1 April 2022.
Chair of the Working Group – Deputy Governor of the Bank of Russia
Yu.O. Isaev