INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 15, 2019 No. 5316-U

About procedure for reflection on accounts of financial accounting of assets in foreign currency credit institutions concerning which the measures of restrictive nature entered by foreign state, national association and (or) the union and (or) the public (interstate) institution of foreign state or national association and (or) union are effective

This Instruction based on article 57 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2018, No. 53, the Art. 8440) (further - the Federal Law of July 10, 2002 No. 86-FZ), article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2019, No. 30, the Art. 4149) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of November 8, 2019 No. 30) establish procedure for reflection on accounts of financial accounting of assets in foreign currency by credit institutions concerning which the measures of restrictive nature entered by foreign state, national association and (or) the union and (or) the public (interstate) institution of foreign state or national association and (or) union are effective (further - measures of restrictive nature).

1. Assets with which because of measures of restrictive nature making of transactions or transactions is forbidden (further - the blocked assets) are reflected in accounts of financial accounting in the following procedure.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info