Decree No. 436 · 1 July 2025

Type “In” accounts for new foreign investment

A separate track for fresh money: funds brought in after 1 July 2025 may be invested in Russian securities and repatriated freely.

What it does

Decree No. 436 created guarantees for foreign investors who bring new funds into the Russian financial market. Money credited from abroad to a type “In” account after that date may be invested in Russian securities, and income and sale proceeds may be transferred back abroad without the restrictions that apply to other non-resident funds. Cash may not be withdrawn from such an account.

The regime is walled off from the pre-2025 stock: type C balances cannot be moved into a type “In” account, and existing blocked holdings do not qualify. For EU investors the investment prohibitions of Regulation (EU) No. 833/2014 usually rule such investment out in any case.

Status, October 2026

In force.

Operations that rest on it

Guides that discuss it

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