President Vladimir Putin signed a decree on the temporary procedure for the payment of the profits of Russian companies in favor of their co-owners from unfriendly countries. If a Russian company (partnership) decides to distribute profits, residents from unfriendly states (which also include Germany, Austria, Italy, Switzerland). will by default receive their due share into “C” bank accounts, from which funds cannot be withdrawn. However, the Central Bank and the Ministry of Finance may issue a separate authorisation for such profits to be credited to a regular account.
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