Russian dividends to accounts with foreign subsidiaries of Russian banks
Resident individuals may receive dividends and profit distributions of Russian companies on their accounts with foreign subsidiaries of Russian authorised banks, within the general Bank of Russia limits.
What it says
Resident individuals may credit dividends on shares of Russian joint-stock companies and profit distributions of Russian LLCs, business partnerships and production cooperatives to their accounts (deposits) with banks abroad that are subsidiaries of Russian authorised banks (clause 8, part 1, Article 1 of Law No. 173-FZ), within the general limits set by the Bank of Russia. Communicated by Ministry of Finance letter No. 05-06-10/VN-42064 of 17 August 2022.
Status, October 2026
In force (navigator card 1.6).
Unofficial translation
Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Ministry of Finance ↗. Lapse notes are editorial and not part of the extract.
EXTRACT
from the minutes of the meeting of the Sub-commission of the Government Commission for Control over Foreign Investment in the Russian Federation of 10 August 2022 No. 78/1
Moscow
Paragraph 1
1. Taking into account the information studied and the discussion held, guided by paragraph 16 of the Rules for the Issue by the Government Commission for Control over Foreign Investment in the Russian Federation of Permits for the Purpose of Implementing Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation and of Other Permits Provided for by Individual Decrees of the President of the Russian Federation, approved by Resolution of the Government of the Russian Federation No. 295 of 6 March 2022, the Sub-commission of the Government Commission for Control over Foreign Investment in the Russian Federation unanimously decided to permit resident individuals to credit funds related to the receipt of dividends on shares of Russian joint-stock companies or the distribution of profit of Russian limited liability companies, business partnerships and production cooperatives to accounts (deposits) opened with banks located outside the territory of the Russian Federation that are subsidiaries of authorised banks determined in accordance with clause 8 of part 1 of Article 1 of Federal Law No. 173-FZ of 10 December 2003, within the general limits set by the Bank of Russia.
Certified true extract.
Deputy Minister of Finance of the Russian Federation
A.V. Moiseev