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Official website of the President of Russia

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Amendments to law prohibiting certain groups of persons from opening and maintaining foreign bank accounts

May 1, 2019

The President signed Federal Law On Amendments to Article 3 of Federal Law On Prohibition of Certain Groups of Persons from Opening and Maintaining Accounts (Deposits), Depositing Cash Resources and Valuables in Banks Located Outside the Russian Federation, and Owning and/or Operating Foreign Financial Instruments.

The Federal Law aims to improve the ban set for certain groups of persons on opening and maintaining accounts (deposits), depositing cash resources and valuables in banks outside the Russian Federation, and owning and/or operating foreign financial instruments.

May 1, 2019