New investments in Russia may soon be possible via type 'In'-accounts
On July 1, 2025, Decree 436 of the President of the Russian Federation was published (http://actual.pravo.gov.ru/content/content.html#pnum=0001202507010017), which establishes guarantees for new investments by foreign residents in the Russian Federation. The Decree provides for the possibility of foreign investors, including unfriendly investors, to acquire the following securities during the initial placement, as well as on the stock exchange (based on non-addressed applications [not over-the-counter]): - Shares of Russian legal entities - OFZ - Bonds of Russian issuers - Investment units of Russian mutual investment funds The provisions of the Decree also establish the possibility for foreign investors to receive income on such securities (and subsequently withdraw them outside the Russian Federation in foreign currency), as well as to conclude agreements that are derivative financial instruments and place deposits in Russian credit institutions. The specified operations with funds ...