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Official website of the President of Russia

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Holders of individual investment accounts remain entitled to tax relief despite sanctions

December 28, 2022

The President signed Federal Law On Amendments to Certain Legislative Acts of the Russian Federation.

In particular, the Federal Law establishes that if a professional stock market participant, subjected to unfriendly actions by foreign states, has terminated accounting for foreign securities in their individual investment account after transferring them to another professional stock market participant performing depository services, this action does not entail termination of their contract for maintaining an individual investment account.

December 28, 2022