Foreign-currency loans to friendly non-residents (expired 30 Sep 2023)
A temporary general permit for residents to lend foreign currency to non-residents not linked to unfriendly states. It applied until 30 September 2023 inclusive.
What it says
Residents could, until 30 September 2023 inclusive, provide foreign currency under loan agreements to non-residents that are not persons of unfriendly states and are not controlled by such persons.
Status, October 2026
Expired. Since 1 October 2023 a foreign-currency loan to a non-resident needs an individual permit under Decree No. 79 (navigator card 4.2).
Unofficial translation
Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Ministry of Finance ↗. Lapse notes are editorial and not part of the extract.
EXTRACT
from the decision of the Sub-commission of the Government Commission for Control over Foreign Investment in the Russian Federation of 21 June 2023 No. 171/1
Moscow
Guided by paragraph 16 of the Rules for the Issue by the Government Commission for Control over Foreign Investment in the Russian Federation of Permits for the Purpose of Implementing Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation and of Other Permits Provided for by Individual Decrees of the President of the Russian Federation, and for the Exercise of Other Powers for Those Purposes, approved by Resolution of the Government of the Russian Federation No. 295 of 6 March 2022, the Sub-commission of the Government Commission for Control over Foreign Investment in the Russian Federation unanimously decided to permit residents, until 30 September 2023 inclusive, to carry out currency operations involving the provision of foreign currency under loan agreements to non-residents that are not foreign persons associated with foreign states that commit unfriendly actions against the Russian Federation, Russian legal entities and individuals (including where such foreign persons are citizens of those states, or those states are their place of registration, their principal place of business or the principal place where they derive profit from their activities), or foreign persons under the control of such foreign persons, irrespective of their place of registration or principal place of business.
Certified true extract.
Deputy Minister of Finance of the Russian Federation
A.V. Moiseev