The document is published on the portal for draft regulatory legal acts.
Based on the applications of foreign buyers, NCC is supposed to open special ruble accounts of type “Z” and special foreign currency accounts of type “Z” in order to provide buyers of Russian agricultural products with access to exchange trading and allow payments for Russian agricultural products.
Being an authorized bank, NCC has the right to open special ruble accounts of type “Z” and special foreign currency accounts of type “Z” without the personal presence of a representative of a foreign buyer. New customer identification will fall under the national law on combating the legalization of criminally obtained proceeds.
“A foreign buyer transfers funds to a special foreign currency account of type “Z” in foreign currency; the foreign currency received from a foreign buyer is sold at exchange trading by an authorized bank entrusted by a foreign buyer in accordance with the rules set by an authorized bank,” says the document.
Following that, the NCC adds the funds received to the special ruble account of type “Z”, which belongs to the foreign buyer, and transfers the credited funds in rubles to the ruble account opened by the Russian supplier in the authorized bank.