Paying for shares in non-resident companies: no limit in friendly currencies, RUB 15 million in unfriendly ones (repealed 2024)
From June 2022 residents could pay for shares in non-resident companies without a permit in roubles or friendly currencies without a limit, or in unfriendly currencies up to RUB 15 million. Repealed from 1 April 2024.
What it says
Residents could pay for shares, contributions and units in non-resident legal entities and contributions under simple partnership agreements without an individual permit if one of two conditions was met: payment in roubles or in the currency of a friendly state, wherever the recipient is located; or payment in the currency of an unfriendly state up to the equivalent of RUB 15 million.
Status, October 2026
Repealed from 1 April 2024 by Decision No. PRG-12-3/534, itself replaced by Decision No. PRG-43-11/1199 (navigator card 7.5).
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 23 June 2022 No. PRG-12-4/1383
The Working Group considered the practice of 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” and 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, where one of the following conditions is met:
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, irrespective of the location of the recipient of the funds;
the operation is carried out in the foreign currency of states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals, irrespective of the location of the recipient of the funds, in an amount not exceeding the equivalent of RUB 15 million 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 June 2022.
Chair of the Working Group – Deputy Governor of the Bank of Russia
Yu.O. Isaev