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The Central Bank of the Russian Federation eases restrictions on transfers abroad


				01.04.2022
						Since April 1, 2022, the Central Bank of the Russian Federation has increased the thresholds for transferring amounts of funds abroad. Within the next 6 months, individuals who are residents of the Russian Federation can transfer from their personal account opened in a Russian bank to their personal or another individual`s account abroad an amount of no more than 10,000 USD or its equivalent in any other currency. 

Through the companies that provide money transfer services without opening account, it is still possible to make transfers of no more than 5000 USD per month.
The amount will be calculated at the official exchange rate of the Central Bank on the date of the official transfer of funds.
This change applies to residents of the Russian Federation and non-residents from friendly countries. This also applies to all non-residents from other countries working in Russia under labor or civil law contracts.

However, transfers from personal accounts of individuals from the countries supporting sanctions and not working with the Russian Federation, as well as from corporate accounts of legal entities incorporated in these countries, have been suspended for 6 months.

Link to source: https://cbr.ru/press/event/?id=12783

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