Russia announces list of organizations to be treated as Financial Institutions

On 19 April 2019, the Federal Tax Service of Russia released a list of organizations, which shall be treated as Financial Institutions (Link-Russian). This list only represents the opinion of the Federal Tax Service of Russia, agreed with the Ministry of Finance of Russia and the Bank of Russia. The list is not intended to be an exhaustive list and will be supplemented. In addition, the list is not a regulatory legal act and only has an informative character. The list does not prevent organizations to be guided by the norms of the legislation of the Russian Federation in a different understanding from the list.

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