Published on: 2026-06-22
Source: Central Bank of Russia – Central Bank of Russia –
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The Board of Directors of the Bank of Russia on June 19, 2026, made a decision to amend paragraph 1Decisions of the Board of Directors of the Bank of Russia dated November 21, 2022 “On establishing the regime of ‘S-type’ accounts for conducting settlements and execution (performance) of transactions (operations), to which the procedure for fulfilling obligations provided for by the Decree of the President of the Russian Federation dated March 5, 2022 No. 95 ‘On the temporary procedure for fulfilling obligations to certain foreign creditors’ applies”the following changes:
1.1. In subparagraph 1.1:
Paragraphs twenty-third – thirtieth to be presented in the next edition:
“From a bank account of type ‘C’, opened by a non-resident who is not a foreign creditor named in clause 1 of Decree No. 95, or a non-resident simultaneously meeting the requirements of subparagraphs ‘a’ and ‘b’ of paragraph 12 of Decree No. 95, or a non-resident specified in paragraph 4 of the Decree of the President of the Russian Federation dated May 4, 2022 No. 254 ‘On the temporary procedure for fulfilling financial obligations in the sphere of corporate relations with certain foreign creditors’ (with the exception of a bank account of type ‘C’, opened by a non-resident who is a foreign nominal holder), monetary funds may also be debitedfor the purpose of transferring to the same non-resident previously credited to his type “C” bank account monetary funds in the amount of payments on securities, in the event that after March 1, 2022 (March 3, 2023 – for payments on foreign bonds issued by foreign organizations associated with obligations of a Russian legal entity (hereinafter – Eurobonds), bonds placed by Russian legal entities having obligations associated with Eurobonds, the payment of which upon their placement by Eurobonds is carried out (including in the case of assignment (cession) of all property and otherfrom rights to eurobonds of Russian legal entities) or with funds for the targeted use of attracted funds for the acquisition of eurobonds (hereinafter referred to as substitute bonds) foreign creditors named in paragraph 1 of Decree No. 95, were not owners of securities (persons exercising rights to securities), to which payments were credited, or in the event that after March 1, 2022 (March 3, 2023, for payments on eurobonds, substitute bonds) transactions (operations) with such securities were carried out in accordance with permits provided by Presidential Decreesof the Russian Federation, or in the case of eurobonds replacing bonds for which payments were credited, acquired before September 1, 2024, by the owner (trustee manager) of securities that is not a foreign creditor, named in paragraph 1 of Decree No. 95, and the accounting of rights on eurobonds replacing bonds was carried out by the Russian depository, based on:
of the credit institution presented, in which the specified account of type “C” is opened, with a written confirmation from the depository that made the payments, about the presence of the specified in the paragraph twenty-third of this sub-item case and specified in the paragraph twenty-third of this sub-item of non-resident status on the date of sending such payments by the depository to the credit institution for crediting payments to the bank account of type “C” (if the payment to the bank account of type “C” of such non-resident was made by the depository not being a credit institution, in which the specified account of type”S”);
established by the depositary, who listed the payments made by a credit institution in which the specified “C” type account is opened, based on documents (information) provided by such a non-resident, the presence of the case specified in paragraph twenty-three of this subsection and the status of the non-resident specified in paragraph twenty-three of this subsection on the date of crediting funds to the “C” type bank account (if the payments to the “C” type bank account of such a non-resident were made by the depositary, who is a credit institution in which the specified “C” type account is opened);
presented by the credit organization, in which an account of type “C” is opened by such a non-resident of documents (information), confirming the presence of the specified in the paragraph twenty-third of this subparagraph case and specified in the paragraph twenty-third of this subparagraph the status of a non-resident on the date of crediting funds to the bank account of type “C” (if the list of payments to the bank account of type “C” of such a non-resident was made by another person).
On a type “C” bank account, opened by a resident, funds may be credited:
from resident debtors on operations (transactions) to which the order of fulfillment of obligations provided by Decree No. 95 applies, in cases provided for in paragraphs 8 and 8(1) of Decree No. 95;
Refundable amounts of taxes, duties, fees, and other mandatory payments payable in accordance with the budget legislation of the Russian Federation;
Erroneously written off from a bank account of the type “C”.
to supplement the paragraphs from the thirty-first to the thirty-seventh of the following content:
“With a bank account of type ‘C’, opened by a resident, funds can be debited for the purpose of:
payment of commissions to the bank servicing the bank account of type “C”;
Return of mistakenly credited funds to a “C” type bank account.
From a bank account of type “C”, opened by a resident, funds can also be debited for the purpose of transferring to the same resident previously credited to their bank account of type “C” funds in the amount of payments on securities, in the case if after March 1, 2022 (March 3, 2023 – for payments on Eurobonds, replacing bonds) foreign creditors named in paragraph 1 of Decree No. 95, were not the owners of securities (persons exercising rights on securities), on which payments were credited, or in the case if after March 1, 2022 (March 3, 2023 – for payments on Eurobonds,Substitute bonds) transactions (operations) with such securities were carried out in accordance with the permissions provided by the Decrees of the President of the Russian Federation, or in the case of Eurobonds substituting bonds on which payments were credited, acquired before September 1, 2024 by the holder (trust manager) of the security, who is not a foreign creditor as named in paragraph 1 of Decree No. 95, and the registration of rights to Eurobonds substituting bonds was carried out by the Russian depository, based on:
of the presented credit organization in which the specified account of type “C” is opened, with written confirmation from the depository that listed the payments about the presence of the case specified in subparagraph thirty-fourth of this paragraph (if the enumeration of payments to the bank account of type “C” of such a resident was carried out by the depository, which is not a credit organization in which the specified account of type “C” is opened);
established by the depository, which listed the payments made by the credit organization where the specified type “C” account is opened, based on documents (information) provided by such a resident, indicating the presence of the case listed in paragraph thirty-four of this subsection (if the listing of payments on the type “C” bank account of such a resident was carried out by the depository, which is a credit organization where the specified type “C” account is opened);
provided by the credit organization in which the specified “C” type account is opened, being the resident of documents (information), confirming the presence of the case specified in paragraph thirty-four of the current subparagraph (if the enumeration of payments to the “C” type bank account of such resident was made by another person).”.
1.2. In subparagraph 1.2:
The tenth paragraph should be presented in the following edition:
In connection with the placement in favor of a person who is the owner of Eurobonds, or a person exercising rights under them, substituting bonds, payment of which upon their placement is made by Eurobonds (including in the case of transfer (assignment) of all property and other rights to Eurobonds to Russian legal entities), provided that the specified Eurobonds are written off from a ‘C’ type deposit account of a foreign nominal holder or from a ‘C’ type deposit account (subaccount of a ‘C’ type deposit account) opened to a person who is the owner of Eurobonds or a person exercising rights under them; in connection with the substitution of government securitiesSecurities of the Russian Federation with a nominal value indicated in foreign currency (hereinafter referred to as Eurobonds of the Russian Federation), in accordance with the Decree of the President of the Russian Federation dated August 8, 2024, No. 677 “On additional measures for the fulfillment by residents and foreign creditors of state debt obligations of the Russian Federation, expressed in state securities with a nominal value indicated in foreign currency” (hereinafter referred to as Decree No. 677), excluding the crediting to the deposit account of a foreign nominal holder of type “S”;
In the paragraph, replace the word “размещаемый” in the thirtieth word with the word “замещающий”.
1.3. In subparagraph 1.3:
Paragraphs thirteen – sixteen to be presented in the following edition:
“transfers in favor of the resident in connection with the transfer of securities belonging to the resident and accounted for in the account of a foreign nominal holder of type “C”, an open foreign organization maintaining the accounting of rights to securities in the Russian depository, to the deposit account of this resident, opened in the Russian depository;”
Return of erroneously credited funds to a brokerage account of type “C”.
Tax refunds, duties, fees, and other mandatory payments payable in accordance with the budget legislation of the Russian Federation can also be credited to a “C” type brokerage account.
Funds may also be debited from a brokerage account of type “C” for the purpose of transferring funds in the amount of payments on securities to a resident client, or to a non-resident client who is not a foreign creditor named in clause 1 of Decree No. 95, or to a non-resident client who simultaneously meets the requirements of subparagraphs “a” and “b” of clause 12 of Decree No. 95, or to a non-resident client specified in clause 4 of the Decree of the President of the Russian Federation dated May 4, 2022 No. 254 “On the temporary procedure for fulfilling financial obligations in the field of corporate relations before certain foreigncreditors”, in favor of whom they were previously credited to a brokerage account of type “C” (excluding foreign nominal holders), in the event that after March 1, 2022 (March 3, 2023 – for payments on eurobonds, replacing bonds) foreign creditors named in clause 1 of Decree No. 95 were not owners of securities (persons exercising rights on securities), to which payments were credited, or in the case if after March 1, 2022 (March 3, 2023 – for payments on eurobonds, replacing bonds) transactions (operations) with such securities were carried out in accordance with permissions,provided for by the Decrees of the President of the Russian Federation, or in the case if eurobonds replacing bonds, under which payments have been credited, were acquired by September 1, 2024, by the owner (trustee manager) of the securities that is not a foreign creditor, named in paragraph 1 of Decree No. 95, and the accounting of rights to the eurobonds replacing bonds was carried out by a Russian depository, based on:”
To supplement the paragraphs with the seventeenth – nineteenth of the following content:
“provided by the broker in written confirmation of the depository, listing payments, about the presence of the case specified in the sixteenth paragraph of the current subpoint and specified in the sixteenth paragraph of the current subpoint the status of a non-resident client as of the date of sending such depository to the credit organization of the order for the listing of payments to a brokerage account of type “C” (if the transfer of payments for and the listing to a brokerage account of type “C” was carried out by the depository, not being a broker);”
determined by the depository, listing the payments made by the broker, based on one of the documents (information) provided by the client-resident (client-non-resident), the presence of the case specified in the sixteenth paragraph of this sub-item and the status of the client-non-resident indicated in the sixteenth paragraph of this sub-item as of the date of crediting funds to a brokerage account of type “C” (if the listing of payments to the brokerage account of type “C” was carried out by the depository acting as the broker);
documents (information) provided to the broker by the client-resident (client-non-resident), confirming the availability of the case specified in the sixteenth paragraph of the current subparagraph and the status of the client-non-resident at the date of crediting funds to the brokerage account of type “C” (if the transfer of payments for and the transfer to the brokerage account of type “C” was carried out by another person).”.
1.4. In subparagraph 1.4:
Paragraphs thirteen to sixteen should be presented in the following edition:
“transfers in favor of the resident related to the transfer of securities belonging to the resident and accounted for in the deposit account of a foreign nominal holder of type “C”, opened by a foreign organization carrying out securities accounting in a Russian depository, to the deposit account of this resident, opened in a Russian depository;”
Return of mistakenly credited funds to a special brokerage account of type “C”.
Refundable amounts of taxes, duties, fees, and other mandatory payments subject to payment in accordance with the budget legislation of the Russian Federation can also be credited to a special brokerage account of type “C”.
Funds may also be debited from a special brokerage account of type “C” in order to carry out the transfer of funds in the amount of payments on securities to the broker’s client – a resident, or to the broker’s client – a non-resident, who is not a foreign creditor as defined in paragraph 1 of Decree No. 95, or to the broker’s client – a non-resident, who simultaneously meets the requirements of subparagraphs “a” and “b” of paragraph 12 of Decree No. 95, or to the broker’s client – a non-resident, specified in paragraph 4 of the Decree of the President of the Russian Federation dated May 4, 2022 No. 254 “On the temporary procedure for fulfilling financial obligations in the spherecorporate relations with certain foreign creditors, in favor of whom they were previously credited to a special brokerage account of type “C” (excluding foreign nominal holders), in the event that after March 1, 2022 (March 3, 2023 – for payments on eurobonds replacing bonds) foreign creditors named in paragraph 1 of Decree No. 95 were not owners of securities (persons exercising rights on securities), for which payments were credited, or in the case if after March 1, 2022 (March 3, 2023 – for payments on eurobonds replacing bonds) transactions (operations) with suchSecurities were made in accordance with the permissions provided by the Decrees of the President of the Russian Federation, or, in the case of eurobonds replacing bonds for which payments were credited, acquired before September 1, 2024, by the owner (trust manager) of the securities, who is not a foreign creditor, named in paragraph 1 of Decree No. 95, and the accounting of rights to eurobonds replacing bonds was carried out by the Russian depository, on the basis of:
Add seventeenth to nineteenth paragraphs of the following content:
“Transferred to the credit organization in which the account of type “C” is opened, by a broker who is not a depository, having transferred payments confirmed in writing by such a depository, provided to the broker by such a depository (provided by the credit organization broker who is a depository, having transferred payments confirmed in writing by such a depository), about the presence of the case specified in paragraph sixteen of this subparagraph and the status of the broker’s client – a non-resident at the date of sending by such a depository to the credit organization”instructions for transferring payments to a special brokerage account of type “C” (if the transfer of payments to a special brokerage account of type “C” was carried out by a depository that is not a credit institution in which the specified type “C” account is opened);
determined by the depository, which listed the payments made by the credit organization in which the specified ‘C’ type account is opened, based on the documents (information) provided to such depository by the broker, submitted by the broker’s client – a resident (broker’s client – non-resident), the presence of the case specified in the sixteenth paragraph of this sub-item and the status of the broker’s client – non-resident specified in the sixteenth paragraph of this sub-item as of the date of crediting funds to the special brokerage account of type ‘C’ (if the listing of payments to the special brokerage account of type ‘C’ was carried outdepository, which is a credit organization where the specified account of type “C” is opened);
transferred to a credit institution, in which the specified account of type “C” is opened, by a broker of documents (information) provided to the broker by the client of the broker – a resident (the client of the broker – a non-resident), confirming the presence of the specified case in the sixteenth paragraph of the current subparagraph and the status of the broker client – non-resident indicated in the sixteenth paragraph of the current subparagraph on the date of crediting funds to the special brokerage account of type “C” (if the payment to the special brokerage account of type “C” was made by another person).”.
1.5. In subparagraph 1.7:
paragraphs fourteen – sixteen to be set out in the following edition:
“Transfers in favor of the resident when paying penalties (fines, interest) on operations (transactions) to which the procedure and execution of obligations established by Decree No. 95 apply;
Return of funds erroneously credited to the bank account of a “C” type trust management.
Funds may also be debited from the bank account of the trust management type “C” for the purpose of transferring funds in the amount of payments on securities to the founder of the trust management – a resident, or the founder of the trust management – a non-resident, who is not a foreign creditor named in paragraph 1 of Decree No. 95, or the founder of the trust management – a non-resident who simultaneously meets the requirements of subparagraphs “a” and “b” of paragraph 12 of Decree No. 95, or the founder of the trust management – a non-resident specified in paragraph 4 of the Decree of the Presidentof the Russian Federation dated May 4, 2022 No. 254 “On the temporary procedure for the fulfillment of financial obligations in the field of corporate relations to certain foreign creditors,” in favor of whom they were previously credited to a “C” type trust management bank account, provided that as of the date of such transfer among the founders of the trust management, the funds accounted for in this bank account do not include foreign creditors named in paragraph 1 of Decree No. 95, in case after March 1, 2022 (March 3, 2023 – for payments under Eurobonds replacing bonds) foreigncreditors named in paragraph 1 of Decree No. 95 were not owners of securities (persons exercising rights to securities), to which payments were credited, or in the case if after March 1, 2022 (March 3, 2023 – for payments on Eurobonds substituting bonds) transactions (operations) with such securities were made in accordance with the permissions provided by the Decrees of the President of the Russian Federation, or in the case if Eurobonds substituting bonds, to which payments were credited, were acquired before September 1, 2024 from the owner (trustee manager) of the security, which is notA foreign creditor named in paragraph 1 of Decree No. 95, and the accounting of rights on the eurobonds replacing the bonds is carried out by the Russian depository, based on: “;
to supplement the paragraphs with seventeenth – nineteenth of the following content:
of the presented credit organization, in which the indicated type “C” account is opened, a written confirmation from the depository listing the payments, about the presence of the case specified in the sixteenth paragraph of the present subclause and the status of the founder of the trust management indicated in the sixteenth paragraph of the present subclause – a non-resident as of the date of sending such an order by the depository to the credit organization for transferring payments to the trust management type “C” bank account (if the transfer of payments to the trust management type “C” bank account was carried out by the depository, notbeing a credit organization in which an account of type “C” is opened);
established by the depository, which listed the payments made by the credit organization where the specified type «C» account is opened, based on the documents (information) provided by the fiduciary manager, availability of the case indicated in the sixteenth paragraph of this subpoint, and the status of the founder of the fiduciary management specified in the sixteenth paragraph of this subpoint – a non-resident as of the date of crediting funds to the bank account of fiduciary management type «C» (if the list of payments to the bank account of fiduciary management type «C» was carried out by the depository, which iscredit organization, in which the specified account of type “C” is opened);
provided by the credit organization, in which the specified account of type “C” is opened, the trustee manager of documents (information), confirming the presence of the specified case in the sixteenth paragraph of the current subparagraph and specified in the sixteenth paragraph of the current subparagraph of the status of the founder of the trust management – non-resident at the date of crediting funds to the bank account of the trust management of type “C” (if the list of payments to the bank account of the trust management of type “C” was carried out by another person).”.
2. The decision of the Board of Directors of the Bank of Russia on making amendments to the decision of the Board of Directors of the Bank of Russia dated November 21, 2022, applies from the day of its publication on the official website of the Bank of Russia in the information and telecommunications network “Internet”.
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