Paying for shares in non-residents up to RUB 15 million per company (1 Apr 2024 – 30 Jun 2026)
Replaced the 2022 regime with a single cumulative limit: up to RUB 15 million per non-resident company, in any currency, from 1 April 2024. Replaced from 1 July 2026 by Decision No. PRG-43-11/1199 (RUB 30 million).
What it says
From 1 April 2024 residents could pay for shares, contributions and units in non-resident legal entities and contributions under simple partnership agreements without an individual permit, in roubles or any foreign currency and wherever the recipient is, up to the equivalent of RUB 15 million in total; the resident’s payments to one non-resident company since 1 April 2024 count towards the limit. Decision No. PRG-12-4/1383 was repealed.
Status, October 2026
Repealed from 1 July 2026 by Decision No. PRG-43-11/1199 (navigator card 7.6).
Unofficial translation
Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Bank of Russia ↗. Notes on provisions no longer applied are editorial and not part of the document.
DECISION
of the Bank of Russia Working Group for considering the issue of permits for the performance (execution) of operations (transactions) prohibited (restricted) in connection with unfriendly actions of foreign states, of 6 March 2024 No. PRG-12-3/534
Taking into account the practice of applying paragraph 2 of Decree of the President of the Russian Federation No. 126 of 18 March 2022 “On Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation in the Field of Currency Regulation” and the decision of the Working Group No. PRG-12-4/1383 of 23 June 2022, the Working Group decided:
Paragraph 1
1. To permit residents to carry out operations to pay for shares, contributions and units in the property (authorised or share capital, unit fund of a cooperative) of non-resident legal entities, as well as to pay contributions by residents to non-residents under simple partnership agreements with investment in the form of capital investments (joint activity agreements) (the “operation”), without obtaining individual permits of the Bank of Russia, subject to the following conditions being met simultaneously:
the operation is carried out in roubles or in foreign currency, irrespective of the location of the recipient of the funds, for a total amount not exceeding the equivalent of RUB 15 million at the official exchange rate of the Central Bank of the Russian Federation on the date of payment;
the aggregate volume of the resident’s operations carried out from 1 April 2024 in favour of one non-resident legal entity must not exceed the limit provided for in the second paragraph of paragraph 1 of this decision.
Paragraph 2
2. To establish that this permit, including the limits provided for in paragraph 1, is valid from 1 April 2024.
From the date on which this permit takes effect, to repeal the decision of the Working Group No. PRG-12-4/1383 of 23 June 2022.
Paragraph 3
3. To communicate this decision of the Working Group to residents by posting the relevant information on the official website of the Bank of Russia on the Internet.
Chair of the Working Group – Deputy Governor of the Bank of Russia
O.V. Polyakova