Despite several major changes introduced into the federal law “[o]n currency regulation and currency control” (the Currency Control Law (CCL)) since its adoption in 2003,1 this law still significantly restricts the ability of Russian nationals who are considered “residents” to use foreign currency as an instrument of payment in their domestic and international commercial transactions, particularly with the use of their bank accounts abroad. Because non
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.
0 comments
Hide comments