The Executive Order has been signed due to the unfriendly actions of the United States of America, other foreign states and international organisations that have joined them, which violate international law and are aimed at introducing restrictive measures against Russian citizens and legal entities, in order to protect the national interests of the Russian Federation, ensure its financial stability, and in accordance with federal laws No. 281-FZ On Special Economic Measures and Coercive Measures dated December 30, 2006, No. 390-FZ On Security dated December 28, 2010, and No. 127-FZ On Measures (Countemeasures) to the Unfriendly Actions of the United States of America and Other Foreign States dated June 4, 2018.
The Executive Order stipulates that the Central Bank Board of Directors shall determine the type and category (type) of securities, taking into account the rights on type C securities accounts, whereby the nominee holder of securities shall perform actions to open a type C personal account of a nominee holder in the register of securities holders and deposit securities into this personal account.
The Board of Directors of the Central Bank of the Russian Federation is instructed to make decisions necessary for the implementation of this Executive Order.
The Central Bank of the Russian Federation is authorised to issue official clarifications on the application of this Executive Order.
The Executive Order comes into effect on the day of its official publication and is valid throughout December 31, 2025.