Moscow Exchange announces start of registration of "In" accounts for foreign investors
Starting 8 December 2025, foreign investors will be able to open "In" accounts with Russian professional Moscow Exchange participants. This was announced by the trading platform on 2 December.
The opening of such accounts was enabled by Presidential Decree No. 436 on Additional Guarantees of the Rights of Foreign Investors, dated 1 July 2025. The accounts guarantee that funds may be withdrawn abroad, including investment income, but cash withdrawals are prohibited. The decree lifts the restrictions of 2022–2023 in the interests of new foreign investors from "unfriendly" countries. In particular, it allows foreigners to invest in Russian instruments regardless of the provisions of another decree prohibiting non-residents from "unfriendly" countries from purchasing securities without the permission of the government commission. "Clearing participants on the Moscow Exchange will be able to open "In" accounts, client accounts and trust management accounts for non-resident clients who meet the provisions of the decree. The "In" type is assigned when the client is registered and cannot be changed afterward," a statement from the Moscow Exchange says. Foreign investors will be able to use "In" accounts to conclude anonymous transactions on the Moscow Exchange involving all Russian shares, bonds and fund units in the basic mode of operation, along with derivative financial instruments on the currency market and precious metals market, and to conclude repo transactions, place deposits with a central counterparty, and participate in initial securities offerings. Access for non-resident clients to the derivatives market will be granted at a later date, according to the Moscow Exchange, and transfers of securities and funds are only available between "In" type accounts. You can top up your special account from a foreign bank account or another "In" account with a special payment purpose. "In" accounts can be of three types: proprietary (S) – only for non-resident clearing participants; client (L) and trust management (D.U.) – only for resident clearing participants.