The Central Bank of the Russian Federation has extended restrictions on transfers abroad for non-residents from a number of countries
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- The Central Bank of the Russian Federation has extended restrictions on transfers abroad for non-residents from a number of countries
The Central Bank of Russia has maintained the current restrictions on foreign exchange transactions of non-residents from unfriendly countries for the period from June 8 to December 7, 2026 inclusive. This was announced on June 1 on the regulator's website.
"Banks from unfriendly countries may transfer funds in rubles using correspondent accounts opened with Russian credit institutions if the accounts of the payer and recipient are opened with foreign banks," the statement said.
According to the decision of the Central Bank, non—resident individuals from unfriendly states working in Russia can transfer funds abroad only in the amount of wages.
At the same time, the ban on money transfers abroad remains in place for non—resident individuals who do not work in Russia from unfriendly countries, as well as for legal entities from such states. This restriction does not apply to foreign companies controlled by Russian legal entities or individuals.
The head of the State Duma Committee on Information Policy, Sergei Boyarsky, said on May 28 that one person would be able to issue more than five payment cards in one bank, but the total limit would still be 20 cards. It was noted that such amendments to the second reading will be included in the second package of measures to combat telephone and Internet fraud.
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