Putin Offers Special Account to Lure New Investors to Russia (1)

President Vladimir Putin signed a decree in an attempt to attract new foreign investment into Russia’s financial markets, despite sweeping sanctions over the war in Ukraine.

Under the new rules, foreign investors — including those from so-called “unfriendly” countries — will be allowed to invest in Russian securities without having their funds trapped in special Type C accounts, according to the document published Tuesday on the government’s legal portal.

Instead, new investors will be able to use foreign nominee accounts labeled Type IN, which would allow for the repatriation of capital outside of Russia. The decree makes clear that restrictions ...