Starting April 1, 2025, the cap on the total cost of consumer loans and borrowings (PSK) will be reinstated.
Sector: Finance
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Extended permission for foreign buyers to pay for Russian gas through other banks than Gazprombank.
Extended permission for foreign buyers to pay for Russian gas through other banks than Gazprombank.
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Tighter limits on foreign fund transfers by non-residents from unfriendly countries via brokers and trustees.
Extended restrictions on transfers abroad of funds of non-residents from unfriendly countries from the accounts of brokers and trustees.
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Central Bank to restrict which foreign currencies can be used and in what amounts to form the capital of financial institutions.
The Central Bank will limit the list of currencies for the formation of the authorized capital of NPFs, insurance and credit institutions, and to determine the maximum size of the share of the authorized capital that can be paid in foreign currency.
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Certain investment and pension funds permitted to withhold specific information.
A list of information has been determined that non-state pension funds, management companies of investment funds, unit investment funds and non-state pension funds and joint-stock investment funds have the right not to disclose
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Extended floating rates on loans for some sectors.
Micro-enterprises operating in the field of construction, warehousing, hotel business, rent and leasing, as well as sanatorium and resort services, will be able to take out loans without limiting the application of a floating rate.
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State support tied to local share placements by joint-stock firms
Additional incentives to encourage Russian joint-stock companies—including those with state ownership—to place shares on the domestic Finance market. Access to state support will be linked to their participation in the capital market.
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New rules for forced conversion of foreign securities into Russian-jurisdiction company shares
New terms for mandatory re-registration or exchange of securities (such as stocks or bonds) issued by foreign companies into securities of international companies established under Russian jurisdiction.
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information closure measures regarding securities, securities holders, and credit institutions activities
Information closure measures:
Securities (such as shares, bonds, and other Finance instruments),
Information about securities holders, and
Activities of credit institutions (banks and Finance organizations). Disclosure of certain information related to securities and their ownership structures is now restricted.
Credit institutions are also permitted to limit disclosure about specific types of transactions, counterparties, and operational activities.
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Ban on acquiring stakes in non-resident firms
Payments for acquiring interests in non-resident companies are prohibited without Central Bank authorization.