Particle.news
Download on the App Store

Bank of Russia to Lift FX Transfer Limits for Russian Citizens and Friendly-Country Non‑Residents on Dec. 8

The regulator cites a stabilized currency market to justify a calibrated rollback that keeps curbs on unfriendly jurisdictions.

Overview

  • From December 8, previously imposed caps on sending foreign currency abroad will no longer apply to Russian citizens and non‑resident individuals from countries designated as friendly.
  • Restrictions remain in force through June 7, 2026 for non‑resident individuals from unfriendly countries who work in Russia, with outbound transfers limited to the amount of their salary.
  • The ban continues for non‑resident individuals not working in Russia and for legal entities from unfriendly states, excluding companies controlled by Russian citizens.
  • Transfers by foreign investors from 'In' accounts to overseas accounts are not subject to these prohibitions, preserving investor repatriation channels.
  • Banks from unfriendly countries may execute ruble transfers via correspondent accounts opened in Russia when both the payer and recipient hold accounts at foreign credit institutions.