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Russia’s cenbank extends restrictions on money transfers abroad until March 31

Russia’s cenbank extends restrictions on money transfers abroad until March 31 By Reuters

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Economy 10 minutes ago (Sep 29, 2022 17:51)

© Reuters. FILE PHOTO: An exterior view shows Russia’s Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) – Russia’s central bank said on Thursday it had extended restrictions on transfers of money abroad until March 31.

It said that Russian nationals as well as citizens of “friendly” countries would still be able to transfer up to $1 million to their foreign accounts a month and no more than $10,000 via money transfer systems.

For individuals from “unfriendly” countries who are not working in Russia, as well as for legal entities from such states, a prohibition on money transfers abroad stays in place.

Russia’s cenbank extends restrictions on money transfers abroad until March 31

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