A company in Russian liquidation proceedings generally uses one main bank account. Other ordinary accounts are closed by the insolvency administrator as they are identified and their balances are transferred to the main account. Article 133 of Federal Law No. 127-FZ preserves specified protected accounts and provides separate rules for foreign currency and the digital rouble.
One main account
Estate receipts enter this account and statutory creditor payments are made from it.
Ordinary accounts close
Existing and later-discovered accounts close unless a specific statutory exception applies.
Exceptions require classification
Escrow, nominal, pledge and professional special accounts cannot be treated as ordinary accounts merely by reading the bank statement label.
Quick self-check before you act
- One main account: Estate receipts enter this account and statutory creditor payments are made from it.
- Ordinary accounts close: Existing and later-discovered accounts close unless a specific statutory exception applies.
- Exceptions require classification: Escrow, nominal, pledge and professional special accounts cannot be treated as ordinary accounts merely by reading the bank statement label.
Selecting the Main Account
The insolvency administrator uses one existing debtor account as the main account. If no suitable account exists or operations are impossible, a new one is opened during liquidation proceedings. Asset-sale proceeds, recovered receivables and other estate money are credited to it.
Closing Other Accounts
Other ordinary accounts known when liquidation opens or found later are closed as identified. Balances are transferred to the main account. Statements, pending payment orders, restrictions and destination details should be captured before closure to preserve an audit trail.
If the bank has lost its licence and cannot perform the account agreement, the monetary claim against the bank may be assigned under Article 140. That is a receivable sale, not a routine balance transfer.
Statutory Exceptions
Article 133 excludes specified accounts from automatic closure, including trust-management, special brokerage and depositary, clearing, pledge, nominal, public deposit, escrow and certain payment-infrastructure accounts. Classification depends on the agreement, beneficial ownership of funds and the governing special law.
From 1 September 2026, Federal Law No. 283-FZ adds special depositary accounts of digital depositaries and special accounts of digital-financial-asset system operators. The current wording applies before that date and the amended wording afterwards.
Foreign Currency and Digital Roubles
Where a third party owes the debtor in foreign currency, the administrator may open or use a foreign-currency account under applicable law. A digital-rouble balance is transferred on the administrator’s instruction to the main bank account. After publication of the liquidation judgment and until the instruction is executed, the platform operator suspends digital-rouble-account transactions.
Payments and Records
Payments from the main account follow Article 134, including current claims, register distributions and special secured-claim rules. A money-use report is supplied to the commercial court, creditor meeting or committee on request, but not more often than monthly.
- identify every account and obtain statements;
- select a workable main account;
- separate statutory exceptions from ordinary accounts;
- issue closure and balance-transfer instructions;
- reconcile receipts to estate records;
- make payments only in statutory order;
- retain statements, payment records and reports.
| Account | General treatment | Core check |
|---|---|---|
| Main bank account | Retained or opened | All receipts and statutory payments |
| Other ordinary account | Closed when identified | Statement, balance and transfer |
| Foreign-currency account | May be used for foreign-currency receivables | Legal basis and currency rules |
| Digital-rouble account | Suspended and balance transferred | Federal-register notice and administrator instruction |
| Special or protected account | Tested as a statutory exception | Purpose, beneficial owner and special law |
Frequently Asked Questions
May two ordinary settlement accounts remain open?
Article 133 generally requires one main account. Another account needs a specific statutory basis, such as foreign-currency collection or a protected regime.
Does the bank close an account automatically after publication?
The procedure still requires the appropriate records and instructions; publication alone does not document every required transfer and closure step.
Must every special account remain open?
No. An exception prevents automatic closure under the general rule; its further treatment depends on purpose and the governing special law.
May ordinary creditor payments come from another account?
Ordinary liquidation distributions use the main account. A different payment route needs an express special regime.
Which records support the account history?
Bank statements, payment orders, current and register claim records, court orders, contracts and the administrator’s money-use report.
Official Sources
- Article 133 of Federal Law No. 127-FZ.
- Article 134.
- Article 140.
- Federal Law No. 283-FZ of 4 August 2026.
Related guides: creditor distributions, sale of debtor receivables and secured creditor distributions.
Need to Review Insolvency Account Records?
An initial consultation can classify ordinary and special accounts, trace funds and identify the applicable payment order without promising an outcome.
BOOK AN INITIAL CONSULTATIONThis material is general information as at 28 August 2026. Operations on or after 1 September 2026 should reflect the amended wording of Article 133.