Russia’s prime minister, Mikhail Mishustin, signed a decree enabling foreign citizens to open accounts and deposits in Russian banks.
The decree specifies the list of countries in which citizens and legal entities can open accounts and deposits in a simplified manner.
Under this arrangement, 25 countries, including Belarus, Kazakhstan, Brazil, India, China, Saudi Arabia, and Turkey, were included in the list.
“Foreign citizens of these countries must submit a package of documents to the credit institution of their country before entering the territory of Russia,” according to the decree.
This decision was made to facilitate business on the Russian market for citizens and organizations of friendly countries, contributing to the development of economic relations between countries.
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