The Central Bank of the Russian Federation has extended restrictions on the transfer of funds abroad for another six months. Thus, restrictions have been extended until September 30, reported regulator
“Limits remain on transfers through money transfer systems – no more than $10 thousand per month or the equivalent in another foreign currency,” – the message said.
It is clarified that the transfer amounts are determined based on the exchange rate of foreign currencies to the ruble on the date the bank received the transaction order.
Non-resident individuals working in Russia have the opportunity to transfer funds abroad in the amount of their wages. At the same time, there remains a ban on transferring funds abroad for individuals who do not work in Russia – non-residents from unfriendly countries, as well as for legal entities from such countries.
Citizens of the Russian Federation and non-resident individuals from friendly countries can transfer no more than one million US dollars to any accounts in foreign banks.
Earlier in September 2023, it was reported that the Central Bank extended restrictions on the transfer of funds abroad until March 31, 2024.
