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Russian Federation: Foreign Banks' Russian Subsidiaries Face Easier Rules on Branch Opening

Description

On 17 May 2012, the Central Bank of Russia adopted Decree No.2818 which concerns the rights of subsidiaries of foreign banks operating in Russia, as far as the opening local branches is concerned. Pre...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

28 May 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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