Liberal rules for S-type accounts in force, Russia

RUSSIA - The Central Bank of Russia has drafted a number of instructions aimed at liberalising rules for S-type accounts, in which foreign investors must keep rubles received from redemption of government bonds that were frozen after the 1998 financial crisis, a Central Bank official told Interfax on 3 July.

The instructions will put into practice decisions made by the Central Bank board of directors in March, he said.

A "registration" rather than permission-based procedure will be introduced f