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 legal framework to release and exchange foreign blocked assets
Russian Federation
Introduces legal framework to release and exchange foreign blocked assets
08 Nov 2023On 8 November 2023, the President of the Russian Federation issued Decree No. 844, introducing an investment exchange mechanism that enables foreign investors to purchase blocked foreign securities held by Russian investors using cash held in frozen Type-C accounts in the Russian Federation. Transactions will be conducted within the Russian depository infrastructure, initially targeting small Russian assets blocked abroad. The aggregate initial value of foreign securities that can be sold by a single Russian investor under the new procedure is capped at 100,000 rubles (approx. $1'000) and will not require separate approvals from the Government Commission on Control over Foreign Investments.
The FDI Commission will develop the bidding procedure, specifying transaction terms between Russian and foreign investors. Foreign securities purchased will be credited to "special transit custody accounts" with Russian depositories, remaining blocked under European Union sanctions initially. The process for transferring these securities from special accounts to foreign brokers will be introduced separately by the Central Bank of the Russian Federation (CBR). The decree comes into effect on 8 November 2023.
On 2 February 2024, the Government Commission on Control over Foreign Investments (FDI Commission) sanctioned the terms and conditions for the bidding process, as well as the procedure for transactions involving foreign securities. Furthermore, LLC "Investitsionnaya Palata" was appointed as the official organizer for these transactions (Transaction Organizer). Subsequently, on 11 March 2024, the Transaction Organizer formally released the detailed Terms and Conditions of the Bidding Process.
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Type:
- Treatment and operation (Operational conditions )
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Industry:
- Not industry specific
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Sources:
- Ministry of Finance, Определены условия для обмена заблокированными активами в соответствии с Указом № 844, https://minfin.gov.ru/ru/press-center/?id_4=38896-opredeleny_usloviya_dlya_obmena_zablokirovannymi_aktivami_v_sootvetstvii_s_ukazom__844, 11 Mar 2024
- publication.pravo.gov.ru, Указ Президента Российской Федерации от 08.11.2023 № 844 "О дополнительных временных мерах экономического характера, связанных с обращением иностранных ценных бумаг", http://publication.pravo.gov.ru/document/0001202311080023?index=4, 08 Nov 2023
- Jdsupra, Russia Introduces Mechanism to Release Blocked Foreign Investments, https://www.jdsupra.com/legalnews/russia-introduces-mechanism-to-release-6681937/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 10 Nov 2023
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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.