Cross Border Account Opening
The legal framework stipulates that several restrictions and exceptions have to be complied with concerning the opening of accounts and the execution of payments. In the following the most important features are listed:
Special purpose accounts for Non-residents:
Depending on the transactions to be handled via the account, non-residents may opt between the following types of Russian Rouble-accounts:
- Current Account:
Used for settling Russian Rouble-based transactions, which do not have to be settled through special accounts. The immediate repatriation of Russian Rouble amounts in Foreign Currency is permitted.
- Special Russian Rouble Accounts:
Used for settling explicitly-stated transactions in Russian Rouble, which do NOT permit the immediate repatriation of Russian Rouble-amounts in Foreign Currency, i.e.:
- "A" - Account: Special account for the settlement of Russian corporate shares.
- "S" – Account: Special account for the settlement of trades in government bonds.
- "O" – Account: Special account for the settlement of corporate bonds.
- "V1" and "V2" – Account: Special trades in granting and receiving loans.
Special legal requirements creating administrational effort:
Cross Border Cash Management
International corporate customers can service UniCredit Bank accounts via EuropeanGate: In preparation.
UniCredit Bank can offer EuropeanGate to international corporate customers: No.
Cross Border Plus Credit
Fast and unbureaucratic financing
Please contact your relationship manager for further details. He/she can furnish you with all necessary information on products, services and country information of each and every country in our UniCredit Network.
In case you are not yet a customer of UniCredit Group please contact the local Cross Border Business Team: