Encyclopedia
Prohibition on Ownership and Use of Foreign Financial Instruments
Ban on ownership and use of foreign financial instruments — a ban on direct and indirect (through third parties) ownership and (or) use of such financial instruments1.
Federal Law No. 79-FZ dated 07.05.2013 "On the Prohibition of Certain Categories of Persons from Opening and Maintaining Accounts (Deposits), Holding Cash Currency and Valuables in Foreign Banks Located Outside the Territory of the Russian Federation, Owning and (or) Using Foreign Financial Instruments". 2013, as amended on 2017-06-28, Article 1, paragraph 3. ↩