Russia extends restrictions on transferring money abroad for 6 months

by times news cr

2024-03-29T09:15:37+00:00

A-
A
A+

/ The Russian Central Bank announced on Friday, extending the restrictions imposed on transferring money abroad for another six months.

According to the Central Bank’s decision, until September 30, 2024, Russian citizens and non-residents from “friendly countries” will still be able to transfer no more than one million dollars or its equivalent in other foreign currencies to any accounts in foreign banks within one month.

As for individuals from “unfriendly” countries who do not work in Russia, in addition to legal entities from such countries, the ban on transferring funds abroad will remain in effect.

The Russian ruble rose slightly against the dollar, by 07:22 GMT, on Friday, by 0.23 percent to 92.28 to the dollar after trading in the range of 92.135 to 92.690, and against the euro, the ruble rose by 0.52 percent to 99.47 and rose by 0.59 percent to 12.64 against the yuan. Chinese.

In February 2022, Russian President Vladimir Putin ordered measures to support the ruble, which pays the Western sanctions tax related to the war in Ukraine, by preventing residents in Russia from transferring money abroad.

You may also like

Leave a Comment