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
Updated: 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. ...
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