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Bank of Russia eases further earlier introduced FX restrictions

30 June 2022

Since 1 July 2022, individuals — Russian residents may transfer no more than 1 million US dollars or an equivalent amount in another foreign currency during one calendar month from their accounts with a Russian bank to their foreign accounts or to another individual abroad.

The same limit has been set for transfers made by individuals — residents of friendly states.

Previously, these transactions were limited to 150,000 US dollars. The limits on money transfers have been raised owing to a stable situation in the domestic foreign exchange market.

Preview photo: Andrey Lyubimov / RBC / TASS