Legal news
and practices in Russia26.07.2017
From 22 July, it became easier to provide banks with information about currency operations under inexpensive contracts
Legal entities may submit only a certificate of currency operations, and the documents specified in it are not needed.
This procedure can be applied if the following conditions are simultaneously met:
- obligations under the contract do not exceed 1 thousand US dollars or equivalent of this amount;
- foreign currency is credited to the transit account or debited from the current account.
Document: Bank of Russia Ordinance No. 4360-U dated 25 April 2017 (enters into force on 22 July 2017)
Newsletter "Consultant Plus" 24 July 2017 | 
