"The presidential decree on additional temporary economic measures to ensure the country's financial stability in currency regulation introduces a temporary ban on certain transactions without the permission of the Bank of Russia. Please note that the decree does not concern instruments traded on the stock exchange," the Central Bank stressed.

The Bank of Russia clarified that the restriction applies to direct transfer of share in a limited liability company in Russian law, a contribution to the capital of a company, tranfer of share in a cooperative.

Earlier it was reported that Russian President imposed a temporary ban on certain operations without the permission of the Central Bank of the Russian Federation. The restriction will be in effect until December 31, 2022. The decree of the head of state notes that the permission of the Central Bank will be required for "operations for payment by a resident of a share, contribution, share in a property (authorized or share capital, unit fund of a cooperative) of a non-resident." A similar measure was introduced for operations "on a contribution by a resident to a non-resident as part of the implementation of a simple partnership agreement with investment in the form of capital investments (agreement on joint activities)".

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