Global Trade Alert
Global Trade Alert

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

Announcement

17 May 2012

In May 2012, the Russian Central Bank announced it will allow Russian subsidiaries of foreign banks to open branches after notification, rather than after applying for permission, as was the case before. 

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

28 May 2012

Revocation date:

No revocation date

Announced: 17 May 2012
FDI: Entry and ownership rule In force
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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Liberalising Trade Policy Measures

This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

14590

interventions

186

jurisdictions