Facilitation of Opening Bank Accounts in Russia by Citizens and Legal Entities of Friendly Countries

Dear Member,
In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Trade dated 06.11.2023 and numbered 90686439 and the letter received from the Commercial Counsellor's Office in Moscow, it is stated that, on the website of the Government of the Russian Federation (RF), a number of decisions have been taken to facilitate the establishment of businesses in the RF by citizens and legal entities of friendly countries; that it is aimed to make it easier for citizens and legal entities of the said countries, among which our country is also included, to open accounts in RF banks; and that for this purpose it will be possible for such persons to open accounts in RF banks by submitting the necessary documents to financial institutions in their own countries.

The letter further states that the said news item can be accessed at https://government.ru/news/49928/.

Kind regards,
Elazığ Chamber of Commerce and Industry