President of Russia
  • Events
  • Structure
  • Videos and Photos
  • Documents
  • Contacts
  • Search
  • Search this website
President of Russia
Mobile version

President's
website
sections

  • Events
  • Structure
  • Videos and Photos
  • Documents
  • Contacts
  • Search
  • Search
  • For the Media
  • Subscribe
  • Directory
  • Version for People with Disabilities
  • Русский

President's
website
resources

  • President of RussiaCurrent resource
  • The Constitution of Russia
  • State Insignia
  • Address an appeal to the President
  • Vladimir Putin’s Personal Website

Official Internet Resources
of the President of Russia

  • Telegram Channel
  • Rutube Channel
  • YouTube Channel

Legal
and technical
information

  • About website
  • Using website content
  • Personal data of website users
  • Contact website team

All content on this site is licensed under

Creative Commons Attribution 4.0 International

Presidential Executive Office2025
Documents

Executive Order on additional provisional measures to ensure financial stability in foreign exchange regulation

The President signed Executive Order On Additional Provisional Economic Measures to Ensure Financial Stability of the Russian Federation In Foreign Exchange Regulation.

March 18, 2022
15:40

The Executive Order supplements measures set forth in Presidential Executive Order No. 79 of February 28, 2022, On Imposing Special Economic Measures in Connection with the Hostile Actions of the United States in League with Other Foreign States and International Organisations, Executive Order No. 81 of March 1, 2022, On Additional Temporary Economic Measures to Ensure Russia’s Financial Stability, and Executive Order No. 95 of March 5, 2022, On Temporary Procedure for Meeting Loan Obligations to Certain Foreign Creditors.

The President ordered that the Russian Federation Central Bank Board of Directors be authorised to set the maximum transaction amount that the residents can use for making early and advance payments, as well as transferring funds to foreign legal entities and non-resident individuals under contracts as listed by type by the Central Bank Board of Directors, as well as for non-resident legal entities for buying foreign currency on the Russian Federation foreign exchange market.

Various restrictions concern foreign non-resident legal entities registered in countries which have been undertaking hostile actions towards the Russian Federation, Russian legal entities or individuals.

The President also introduced a provisional ban on carrying out certain transactions and subjecting them to authorisation from the Central Bank.

The Executive Order also vests the Central Bank with the authority to authorise certain transactions and the power to officially interpret matters regarding the implementation of the Executive Order.

In particular, the Executive Order establishes that until September 1, 2022, liabilities under bank account (deposit) agreements denominated in foreign currency and signed between lending institutions subject to restrictive measures enacted by countries undertaking hostile actions and clients of these organisations who are resident legal entities (if these liabilities arise before these measures are enacted), shall be deemed duly performed if carried out in rubles for an amount equivalent to the liabilities in foreign currency as per the official exchange rate of the Russian Federation Central Bank as of the date of payment.

In addition, the Executive Order stipulates that the restrictions it sets forth do not extend to money transfers denominated in foreign currency to accounts (deposits) with banks located outside of Russia and held by Russia’s diplomatic and consular missions and Russia’s permanent missions at international (intergovernmental, interstate) organisations, or other official missions of the Russian Federations, or the missions of federal executive agencies, representative offices or branches of resident legal entities located outside the Russian Federation as well as their employees. It is also provided that certain requirements set forth in this Executive Order shall not apply to some organisations involved in projects to produce liquefied natural gas in the Russian Arctic in terms of foreign currency credited to the accounts of these organisations in connection with these projects.

In addition, the Executive Order expands the authority of the Government Commission on Monitoring Foreign Investment in Russia.

The President issued several instructions to the Government and the Central Russian of the Federation Bank.

Topics

  • Anti-sanctions
  • Banks
  • Economy and finance

Publication status

Published in sections: News, Documents

Publication date: March 18, 2022, 15:40

Direct link: en.kremlin.ru/d/68015

Text version

NaN /
  • VK
  • Telegram
  • Ok
  • Выделить
Text

Share
Direct link
http://en.kremlin.ru/acts/news/68015
Share
  • VK
  • Telegram
  • Ok
  • Send by email
  • Print
Send by email

Official Website of the President of Russia:

Executive Order on additional provisional measures to ensure financial stability in foreign exchange regulation

http://en.kremlin.ru/acts/news/68015

Last updated at March 18, 2022, 19:44

Официальные сетевые ресурсы

Президента России

Official Internet Resources

of the President of Russia

Русский Английский
  • For the Media
  • Version for People with Disabilities
  • Telegram Channel
  • Rutube Channel
  • YouTube Channel
  • Website of the President of Russia
  • State Insignia
  • Address an appeal to the President
  • Vladimir Putin’s Personal Website
  • Putin. 20 years

Presidential Executive Office
2025

BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy