A special recording procedure for certain securities will be in effect until the end of 2025
Learn more
Garant – Free Online Demo
Legal information system for your company.
Simply click on the button «Start working» and the system Legislation of Russia in English will be available for unlimited time.
News
03.10.2024
TRANSFERS OF FUNDS ABROAD BY RUSSIAN CITIZENS AND NON-RESIDENT INDIVIDUALS: THE BANK OF RUSSIA HAS EXTENDED RESTRICTIONS FOR ANOTHER 6 MONTHS
Russian citizens and non-resident individuals from friendly countries will still be able to transfer monthly no more than 1 million US dollars or equivalent amounts in another foreign currency to any accounts opened with foreign banks.
The limits on transfers through money transfer systems are also in force - this means no more than 10 thousand US dollars or equivalent amounts in another foreign currency per month.
Non-resident individuals employed in Russia can transfer funds abroad in an amount of their salary. Representatives of both friendly and unfriendly countries are entitled to do this.
The ban on transferring funds abroad is still valid for non-resident individuals from unfriendly countries, that are not employed in Russia, as well as for legal entities from such countries. This restriction does not apply to foreign companies being under the control of Russian legal entities or individuals.
Contact Us
Leave us a message