Frequently Asked Questions

891. Does the 50 percent rule apply to Directive 1 under Executive order (E.O.) of April 15, 2021?


No.  The prohibitions of Directive 1 under E.O. of April 15, 2021 apply only to certain bonds issued by, or loans made to, the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation.  The prohibitions in Directive 1 do not apply to any entity that is owned, directly or indirectly, 50 percent or more by one or more of these three entities, whether individually or in the aggregate.

Date Released
April 15, 2021