The US Treasury Department extended the license until January 31, 2024, allowing American individuals and companies to pay taxes and fees in Russia. This is proven by the general license, published on the department’s website.
The new license includes paying taxes and fees and obtaining the necessary permits and certificates. At the same time, the document does not allow deleting funds from the accounts of the Bank of Russia, the National Welfare Fund and the Ministry of Finance of the Russian Federation. The US Treasury Department issued a similar license for the first time in March 2022, following the launch of a special operation in Ukraine. After that, the permit was extended several times, the last edition was valid until November 8 of this year.
Before that, the Ministry of Finance and the Central Bank of Russia softened Conditions for paying dividends to foreigners. The subcommittee responsible for monitoring the implementation of foreign investments examined this decision and took notes. Now “dividend (profit) payments to foreign persons can be made without restrictions.” However, as explained, its volume should not exceed the size of investments in Russia.
Previously USA introduced New sanctions on Russia.