INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 19, 2025 No. 6997-U

About form and conditions of refinancing of the foreign banks performing activities in the territory of the Russian Federation through the branches

This Instruction based on part two of Article 40 and parts one - third article 47 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of February 14, 2025 No. PSD-3) establish form and conditions of refinancing by the Bank of Russia of the foreign banks performing activities in the territory of the Russian Federation through the branches.

1. The Bank of Russia performs refinancing of the foreign banks performing activities in the territory of the Russian Federation through the branches in the form of provision by the Bank of Russia to the foreign banks performing activities in the territory of the Russian Federation through the branches, the credits of the Bank of Russia, secure:

securities;

rights to claim according to credit agreements;

guarantees;

other types of values in the cases established by the solution of the Board of directors of the Bank of Russia based on part three of article 47 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)".

2. The credits of the Bank of Russia specified in Item of 1 this Instruction are provided to the foreign bank performing activities in the territory of the Russian Federation through the branch if it has no overdue obligations to the Bank of Russia in the amount or size and on transactions, information on which is posted on the official site of the Bank of Russia on the Internet (further - the official site of the Bank of Russia).

3. The credits of the Bank of Russia specified in Item of 1 this Instruction are provided on interest rates and for terms, information on which is posted on the official site of the Bank of Russia.

4. This Instruction becomes effective after 10 days after day of its official publication.

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