Russian bank deposits and type C regime
On June 1st 2026 Presidential Decree 377 was published ( http://publication.pravo.gov.ru/document/0001202606010019 ). This decree extended the type C regime, resulting from decree 95 from the 5th of March 2022, to payments resulting from bank (term) deposits. At the time we did not write a post about this, because in our analysis the changes would not affect many retail investors, because the regime does not apply to current accounts used for normal banking payments, and because decree 95 only applies to monthly payments that are above the 10 million Rubles montly threshold. Yesterday, the Central Bank of Russia confirmed our interpretation and stated ( https://www.cbr.ru/Crosscut/LawActs/File/12214 ) that the 10 million Ruble threshold is a monthly threshold per account holder and that normal current bank accounts are do not fall under the scope of the extension by decree 377. The Central Bank of Russia also confirmed that term deposits can be extended automatically, thereb...