This paper studies to what extent the domestic macroprudential policy stance af fects the cross-border transmission of monetary policy shocks from the U.S. to aиsmall open economy by estimating their effect on domestic lending using propri etary bank-level balance sheet data for internationally active Russian banks cover ing 2000-2017. To identify the causal effect at the bank level we exploit heterogene ity across banks in terms of their exposure to U.S. monetary policy and domestic prudential policy. We find evidence that expansionary monetary policy shocks in the US stimulate domestic lending by Russian banks, and the estimated effect has been statistically and economically significant. A more restrictive domestic macro prudential policy stance in Russia is found to attenuate the inward transmission of US monetary shocks to domestic bank lending.