Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Russian Federation - Introduces measures to facilitate transactions involving foreign currency
Russian Federation
Introduces measures to facilitate transactions involving foreign currency
05 Jul 2022On 5 July 2022, the President of the Russian Federation issued Decree No. 430 “On repatriation of foreign and Russian currency by the residents who participate in international economic activity”. The Decree seeks to facilitate transactions involving foreign currency. The most significant changes are the following: 1) The decree eased the existing restrictions on currency repatriation. It requires Russian residents to repatriate foreign currency under all contracts denominated in foreign currency only in the amount corresponding to the percentage of the currency proceeds required to be sold on the Russian market. Currently, the determined rate is 0% of the currency proceeds. 2) Under the decree, Russian borrowers are obliged to repay Russian participants of international syndicates directly in the currency of their choice and not through the payment agents from the foreign states included in the "List of foreign states and territories performing unfriendly actions against the Russian Federation". 3) New rules introduced the legal basis for replacing Eurobonds with Russian bonds. Russian borrowers will be deemed to have properly discharged their Eurobonds obligations if they issue Russian bonds in the same currency and under same conditions as Eurobonds to foreign Eurobonds holders.
The Decree entered into force on 05 July 2022.
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Type:
- Treatment and operation (Operational conditions)
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Industry:
- Not industry specific
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Sources:
- publication.pravo.gov.ru , Указ Президента Российской Федерации от 05.07.2022 № 430 "О репатриации резидентами - участниками внешнеэкономической деятельности иностранной валюты и валюты Российской Федерации", http://publication.pravo.gov.ru/Document/View/0001202207050011?index=2&rangeSize=1, 05 Jul 2022
- JDSupra, Update: Russia Adopts Basic Framework of Eurobonds Replacement, Eases Rules on Repatriation, but Requires Direct Repayment to Russian Lenders, https://www.jdsupra.com/legalnews/update-russia-adopts-basic-framework-of-1613170/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 11 Jul 2022
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.