Russian Central extends restrictions on withdrawing funds outside the country until April 2023

The Central Bank of Russia announced the extension of restrictions on the withdrawal of funds outside the country for individuals and foreign legal entities of countries unfriendly to Russia through intermediaries until March 31, 2023.

The bank indicated that the ban will be valid until the specified date in respect of non-resident individuals from unfriendly countries not working in Russia, as well as legal entities from these countries.

As for Russian citizens of friendly countries, they will be able to transfer up to $1 million to any accounts in foreign banks within a month, and through money transfer systems up to $10,000 or the equivalent in another currency.

Non-residents working in Russia also have the right to transfer money abroad in the amount of wages.

This function will be available to representatives of countries friendly and unfriendly to Russia.

Source: TASS

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