This is reported by the financial regulator.

“Russian residents, while meeting a number of conditions, will be able to pay for shares, deposits and shares in the property of non-residents, as well as make a contribution in favor of foreigners under a simple partnership agreement without first obtaining individual permissions from the Bank of Russia,” the Central Bank said.

It is clarified that the company in whose favor the payment is made must be from a friendly state, and the payment must be made in the currency of a friendly state or in rubles.

“The size of the share, contribution, share in the property of a non-resident or contribution under a simple partnership agreement, in payment for which the operation is performed, should not exceed 10 million rubles or the same amount in foreign currency equivalent,” the Bank of Russia added.

Earlier, the Central Bank of Russia decided to increase the period for the sale of foreign exchange earnings by exporters to 120 business days.

On May 26, the Board of Directors of the Central Bank decided to lower the key rate from 14% to 11% per annum.

As explained in the Central Bank, inflation in Russia is slowing down faster than predicted.