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Official website of the President of Russia

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Law limiting share of foreign capital in Russia’s banking sector

December 15, 2015

The President signed Federal Law On Amending Articles 16 and 18 of Federal Law on Banks and Banking Activity.

The Federal Law establishes limitations to the share of foreign capital in the total authorised share capital for lending organisations working in the Russian Federation (quotas) and establishes a list of investments that are not included in the quota amount.

The Federal Law also stipulates measures taken by the Bank of Russia with regard to lending organisations with foreign investments in reaching the established quota.

In addition, the law specifies a list of foundations for refusing state registration to a lending organisation and providing it with a license to conduct banking operations.

December 15, 2015