The Central Bank of the Russian Federation has established the regime for In-type account and the conditions for their opening
The Board of Directors of the Bank of Russia has established the regime for In-type account for foreign investors in accordance with Presidential Decree No. 436 dated July 1, 2025 ("Decree No. 436" and "Foreign Investors") and the requirements for the activities of credit and non-credit financial organizations when opening and maintaining such accounts in order to implement the provisions of Decree No. 436, which we detailed previously.

In addition, The Central Bank of the Russian Federation has lifted restrictions on the purchase of foreign currency in the domestic market for Foreign Investors from unfriendly countries who will carry out corresponding operations using In-type account accounts.

 

The use of In-type account allows individuals associated with unfriendly states to invest in the Russian market without regard to a number of existing restrictions. In particular, profits generated from investments in the Russian Federation and credited to In-type account can be transferred abroad by Foreign Investors.

 

The decision of Board of Directors of The Central Bank of the Russian Federation does not provide for the possibility of transferring assets from type C account to In-type account, or extending the In-type account regime to funds and assets held in type C account.

 

Regimes have been introduced for 7 types of In-type account:

 

  1. Bank account,

  2. Deposit (term deposit) account,

  3. Brokerage account,

  4. Special brokerage account,

  5. Trust management bank account,

  6. Depository account / sub-account to a clearing depository account,

  7. Personal account.

 

 A credit organization, depository, registrar, or clearing organization may open In-type account of the corresponding type to:

 

  1. A Foreign Investor,

  2. A foreign entity acting in the interests of a Foreign Investor ("Foreign Entity"),

  3. A professional securities market participant engaged in brokerage activities, who is not a credit organization and acts on behalf of a Foreign Investor or a Foreign Entity,

  4. A professional securities market participant engaged in securities management activities, who acts on behalf of a Foreign Investor or a Foreign Entity.

  

Depending on the type of account, the following must be provided for its opening:

 

  1. Information regarding status as a Foreign Investor or any of the aforementioned entities;

  2. Details of In-type account for receiving payments on shares of Russian JSCs, OFZs (Federal Loan Bonds), bonds of a Russian issuer, and investment units of Russian mutual funds, where centralized accounting of rights is carried out by a Russian depository and is reflected in the corresponding In-type account (for In-type depository accounts and In-type personal accounts).

 

Funds can be credited to each type of In-type account, with the exception of In-type account depository and personal accounts:

  1. Funds intended for making investments in the Russian Federation, credited from accounts opened in foreign banks or other financial market organizations outside the Russian Federation;

  2. Funds received from investments in the Russian Federation when making transactions (operations) to which the guarantees stipulated by Decree No. 436 apply;

  3. From other types of In-type account opened to the same Foreign Investor;

  4. Incorrectly debited from In-type account.

 

Funds can be debited for transfers and the return of incorrectly credited funds. A comprehensive list of operations for crediting and debiting Russian securities has been established for In-type account depository and personal accounts.

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