Foreign investors in the Russian financial market will now be able to make cross-border funds transfers from In-type accounts, according to new rules announced by authorities.
The changes also remove restrictions on the repatriation of funds recorded in In-type accounts with Russian brokers and trust managers for these investors. This applies to foreign persons acting on behalf of such investors.
“According to the new rules, foreign investors operating in the Russian financial market will be able to make cross-border funds transfers from In-type accounts.”
“In addition, the restrictions on the repatriation of funds recorded in In-type accounts with Russian brokers and trust managers are lifted for such investors (foreign persons acting on their behalf).”
These regulatory adjustments may impact how foreign capital moves within and out of Russia’s financial sector.
