Kremlin guarantees nonresidents’ new investments in Russia

This decree, coded No. 436 and titled “The additional guarantees of the rights of foreign investors in Russia”, and posted on the Kremlin’s official legal information portal, gives foreign investors, or nonresidents, the opportunity to open new special accounts for investing their capital in Russia and cover only new investments, which can be  in local rubles or  foreign currencies, as well as stocks, bonds, including the Russian Government's Federal Loan Bonds, more popularly known as so-called OFZs. In other words, nonresidents’ new investments will not be included in the special “C” accounts, where the so-called pre-western sanctions investments and other financial assets of investors from the so-called “unfriendly countries” are currently blocked or frozen in Russia. This was the Kremlin's response to the illegal freezing of multi-billion dollar assets and investments of the Russian Government and Russian companies in the “unfriendly countries” due to the war in Ukraine