Bank of Russia to maintain restrictions on cross-border funds transfers for individuals from unfriendly countries
Over the period from 8 June 2026 through 7 December 2026, the following existing restrictions will remain in force:
– non-resident individuals from unfriendly countries working in Russia are allowed to make cross-border funds transfers in the amount of their wages;
– the ban on cross-border funds transfers is maintained for non-resident individuals from unfriendly states not working in Russia and legal entities from such countries. This restriction is not applicable to foreign companies controlled by Russian legal entities or individuals.
The said restrictions do not apply to funds transfers from In-type accounts to accounts abroad made by foreign investors in the Russian financial market.
Banks from unfriendly countries may transfer rubles using correspondent accounts opened with Russian credit institutions if both payers and payees have accounts with foreign banks.