The press service of the Central Bank of the Russian Federation reported that the temporary procedure for the fulfillment of obligations under bank account (deposit) agreements, denominated in foreign currency, provided for by the new presidential decree, will affect only legal entities and individual entrepreneurs.
Decree No. 529 allows credit institutions to suspend operations in foreign currency and freeze the corresponding accounts of entrepreneurs in the event that banks are sanctioned and, consequently, foreign credit institutions suspend payments of deposits and accounts. in foreign currency.
At the same time, companies are invited to share all risks with credit institutions, which are already doing their best to encourage entrepreneurs to keep funds in rubles or “friendly” currencies (and the decree creates incentives additions for this).
If a company or individual entrepreneur decides to leave accounts in “toxic” currencies, they should be prepared for a possible turn of events.
“Because of the fact that they block their correspondent accounts and freeze the balance of funds in them due to sanctions, they cannot fulfill their obligations to customers in the currency that is frozen. <…> If a company or an individual entrepreneur decides to keep money in toxic currencies, such clients will share with the bank the risk of freezing funds, ”Interfax quotes the Central Bank press service.
It should be noted that the decree will only apply to “new” money: “We are talking about liabilities only for those funds in foreign currency that can be received in deposits and accounts of companies or individual entrepreneurs. after entry into force of the decree.
Author:
Ekaterina Alipova
Source: RB
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