In 2026, guarantees for foreign investors in Russia are linked to a number of legislative and regulatory measures aimed at creating a more predictable investment environment. The main guarantees relate to the free withdrawal of funds and clarification of regulatory rules in strategic sectors.
Decree of the President of the Russian Federation of July 1, 2025 No. 436
This document establishes additional guarantees for the rights of foreign investors. According to the decree, foreign investors have the right to invest in the Russian Federation without regard to a number of restrictions introduced after February 2022 (e.g., restrictions on capital movement, fulfillment of obligations to certain creditors, etc.).
Key points:
• The guarantees apply to new investments, including the acquisition of Russian securities, the placement of funds in deposits in Russian banks, and the conclusion of contracts with derivative financial instruments.
• Monetary obligations under such transactions are fulfilled only using "In" type accounts. These accounts record cash (in rubles and foreign currency), shares, bonds (including OFZs), and units.
• "In" accounts are opened by credit and non-credit financial institutions. Cash withdrawals are prohibited. Conversion transactions, transfers between such accounts, and the purchase and sale of securities through a broker are permitted.
• The guarantees apply to investors from both friendly and unfriendly countries, including those who invest through intermediaries from other countries.
Changes in the regulation of strategic industries
Amendments to Federal Law No. 57-FZ "On the Procedure for Implementing Foreign Investments in Economic Entities of Strategic Importance for Ensuring National Defense and State Security" came into force on June 7, 2026. Key changes include:
• The list of strategic activities has been expanded. For example, this includes fish production under certain conditions (if revenue from this activity accounts for 50% or more of the company's total revenue, and the total book value of assets exceeds 800 million rubles).
• The requirement to disclose ultimate beneficiaries now applies not only to buyers but also to sellers in transactions with strategic companies.
• New obligations for foreign investors. For example, those who own 5% or more of the shares (stakes) in a company licensed for strategic activities are required to notify the Federal Antimonopoly Service of Russia under certain conditions.
Risks and limitations
Despite the guarantees, foreign investors face a number of risks:
• Sanctions restrictions. Many countries have imposed bans on investment in the Russian economy, limiting capital inflows.
• Regulatory challenges. Strategic industries remain subject to strict government control, which can complicate business operations.
• Investment climate uncertainty. Russia ranks poorly in global investment climate rankings, reducing its attractiveness to foreign investors.
Prospects
The authorities continue to work to create favorable conditions for attracting foreign investment, including through the development of alternative payment systems and cooperation with BRICS countries and other partners. However, success will depend on the international situation, the dynamics of sanctions, and Russia's ability to create a sustainable legal framework to protect investor interests.
For up-to-date information and advice, it is recommended to contact relevant government agencies (e.g., the Ministry of Finance, the Central Bank of the Russian Federation) or legal specialists specializing in foreign investment.
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