The Bank of Russia has extended restrictions on the transfer of funds abroad for another six months, until September 30, 2025. This is stated in the message of the regulator.
Russian citizens and non—resident individuals from friendly countries will still be able to transfer no more than $1 million or the equivalent in another foreign currency to any bank accounts in foreign banks within a month.
The Central Bank has maintained limits on transfers through money transfer systems — no more than $10,000 per month or the equivalent in another foreign currency. The transfer amounts are determined according to the official exchange rate of foreign currencies to the ruble as of the date the bank receives the transaction order.
Non—resident individuals working in Russia can transfer funds abroad in the amount of wages. Representatives of both friendly and unfriendly countries have this right.
The regulator has maintained a ban on the transfer of funds abroad for non—resident individuals from unfriendly countries who do not work in the Russian Federation, as well as for legal entities from such countries. This restriction does not apply to foreign companies that are controlled by Russian legal entities or individuals.
Credit organizations from unfriendly countries may transfer funds in rubles using correspondent accounts opened with Russian credit organizations if the accounts of the payer and recipient are opened with foreign banks.
