The Central Bank increased the threshold for foreign trade contracts to 1 million rubles; Companies do not need to provide documents to banks for this amount. Previously, this limit was 600 thousand rubles. Relating to Changes It will enter into force on April 1, 2024.
Additionally, businesses will no longer need to submit shipping documents to authorized credit institutions when transporting goods within the EAEU. Banks will share such information with the Federal Customs Service in electronic format.
Another important innovation is that participants in foreign economic activity have the right to make foreign currency payments within the scope of contracts through any authorized bank, not just the bank from which they receive service.
The Central Bank directive also regulates document flow and reporting issues regarding cash transactions with foreign counterparties. At the same time, the list of information that banks must reflect in foreign exchange control tables has been expanded in order to monitor operations in more detail.
Before that, it was known how much debt could be obtained from budget loans write off regions.
Formerly Swiss banks started Close the Russians’ accounts.