The state Duma adopted in the first reading a bill that reflects the concept of “foreign financial instruments”, which you can use to officials and deputies, investing money abroad, the correspondent “of Rosbalt”.
Those six bill recognised financial instruments, including securities of companies and / or individuals, place of registration, residence or location which is a foreign state as well as foreign structures without forming a legal entity, which in accordance with international standard has the international securities identification number.
Foreign financial instruments are also encouraged to consider not defined in the draft securities and shares in authorized (share) capital of organizations, place of registration or location which is a foreign state as well as in property of foreign structures without forming a legal entity”.
Among the permitted investment instruments also loan contracts, if at least one of the parties to such a Treaty is the entity (organization and (or) the physical person), place of registration, residence or location which is a foreign state and (or) a foreign structure without forming a legal entity and credit agreements concluded outside the territory of the Russian Federation by foreign banks or other foreign credit institutions, the draft States.
The bill also proposes to determine that the ban on owning or using foreign financial instruments includes direct and indirect (via third parties) the possession and use of such tools.
