List of professional participants of the foreign trad

There will be an official list of professional participants of the foreign trade in Russia. This is the subject of an Action plan to accredit the Single Window information system developed by the Russian export center as the federal state information system. The Action plan was approved by the Government decree No. 1661-p from July 26, 2019.

The plan provides, inter alia, for the development of two draft laws:

1) the law establishing the legal status of the Single Window information system as the federal state information source to ensure online interactions of participants of the foreign economic activity with public authorities, foreign exchange control bodies and other organizations.

This will allow to:

• control over foreign economic activities;
• provide public and other services;
• form statistic data in the foreign trade.

2) the law amending the Federal law “On currency regulation and currency control” for the purpose of addition for the Single Window users of the points below:

• mandatory submission of the authorities and foreign exchange control bodies of confirming electronic data, including documents and data concerning foreign exchange transactions with the posting timeframe depending on the transactions type;
• remove the obligation to provide hard copies of confirming documents and data on each foreign exchange transaction placed in the Single Window system;
• providing the option to link payments on foreign contracts with confirming documents and data in accordance with statutory periods and regulations of the Central bank of Russia;
• providing the option to monitor periods for submission of confirming documents and data to the authorities and foreign exchange control bodies, and to provide information support for participants of the foreign trade.