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Global Trade Alert

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Russia: President authorises certain foreign investors' transactions related to Yandex Bank

Description

On 14 February 2024, the president of Russia issued Decree No. 45-rp, authorising investors from "unfriendly" states to engage in transactions related to ownership of Yandex Bank. The decree specifica...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

14 Feb 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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