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PRESIDENTIAL DECREE OF THE RUSSIAN FEDERATION

of March 1, 2022 No. 81

About additional temporary measures of economic nature for ensuring financial stability of the Russian Federation

Due to the unfriendly and contradicting international law actions of the United States of America and the foreign states and the international organizations which adjoined them connected with introduction of rationing arrangements concerning citizens of the Russian Federation and the Russian legal entities for the purpose of protection of national interests of the Russian Federation, ensuring its financial stability and according to the Federal Laws of December 30, 2006 No. 281-FZ "About special economic measures and enforcement powers", of December 28, 2010 No. 390-FZ "About safety" and of June 4, 2018 No. 127-FZ "About corrective actions (counteraction) on unfriendly actions of the United States of America and other foreign states" I decide:

1. Take the following additional temporary measures of economic nature for ensuring financial stability of the Russian Federation:

a) establish since March 2, 2022 special procedure (execution) by residents of the following transactions (transactions) with the foreign persons connected with foreign states which make unfriendly actions concerning the Russian legal entities and physical persons (including if such foreign persons have nationality of these states, the place of their registration, the place of preferential conducting economic activity by them or the place of preferential extraction by them of profit on activities are these states), and with persons who are under control of the specified foreign persons, irrespective of the place of their registration or the place of preferential conducting economic activity by them (further - persons of the foreign states making unfriendly actions):

the transaction (transaction) on provision to persons of the foreign states making unfriendly actions, the credits and loans (in rubles), except as specified, if loan granting and loans is forbidden according to regulatory legal acts of the Russian Federation;

transactions (transaction) involving emergence of the property right to the securities and real estate performed (performed) with persons of the foreign states making unfriendly actions;

b) transactions (transaction) provided by the subitem "an" of this Item and Item 3 of the Presidential decree of the Russian Federation of February 28, 2022 No. 79 "About application of special economic measures in connection with unfriendly actions of the United States of America and the foreign states and the international organizations which adjoined them" can be performed (to be performed) based on the permissions issued by Russian Government Commission on Foreign Investments and in need of such transactions (transactions) containing conditions of implementation (execution);

c) transactions (transaction) provided by the subitem "an" of this Item with the foreign persons who are not persons of the foreign states making unfriendly actions if subject of transactions (transactions) are the securities and real estate acquired after February 22, 2022 by the specified foreign persons at persons of the foreign states making unfriendly actions are performed performed) according to the procedure, established by this Decree;

d) transactions (transaction) involving emergence of the property right to securities according to the paragraph third the subitem "an" of this Item can be performed at the organized biddings based on the permissions issued by the Central bank of the Russian Federation in coordination with the Ministry of Finance of the Russian Federation and containing conditions of implementation (execution) of such transactions (transactions);

e) the procedure (execution) of transactions (transactions) provided by this Decree does not extend to transactions (transactions) which party is the Central bank of the Russian Federation and state bodies;

e) credit institutions have the right to transfer money in foreign currency on correspondent accounts in nonresident banks taking into account the restrictions provided by this Decree;

g) forbid since March 2, 2022 export from the Russian Federation of cash foreign currency and (or) monetary instruments in foreign currency in the amount exceeding equivalent of 10 thousand dollars of the USA and calculated on the official rate of the Central bank of the Russian Federation established for date of export.

2. To the government of the Russian Federation in 5-day time to approve procedure for issue by Russian Government Commission on Foreign Investments of the permissions provided by the subitem "b" of Item 1 of this Decree.

3. This Decree becomes effective from the date of its official publication.

President of the Russian Federation

V. Putin

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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