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The so-called ‘transaction passport’ has been abolished for those involved in foreign trade

The so-called ‘transaction passport’ has been abolished for those involved in foreign trade

LEGAL DIGEST \ 20.03.2018

Starting from 1 March 2018, authorized banks will not require Russian exporter companies to formalize a so-called “transaction passport” and foreign transaction report forms.

It is now sufficient for foreign trade participants to register, with authorized banks, contracts the amount of obligations under which is more than or equal to:

– RUB 3 million – for import contracts and loan agreements;

– RUB 6 million – for export contracts.Acsour’s experts will answer your questions regarding the new rules for exporter companies

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