When making a payment from Russia abroad for a service or for goods imported from other CIS countries, proof must be provided that this service has actually been carried out or that the goods have actually been imported. The order which previously existed for all payments abroad, and which was superseded by the import passport regime, now re-enters into force for all payments to which the import passport regime does not apply. Banks are required to obtain a copy of the "act of performance", a document stating that the work or service has actually been carried out, or receive such documentation within 180 days after the payment has been made, and to maintain detailed accounting of payments abroad.
Telegram of the Central Bank of 8 August 1996 No. 312
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Click Contact Link or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
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