Until March 31, 2025, there will be restrictions on money transfers abroad for Russian citizens, foreigners, and legal entities from unfriendly countries.
The Bank of Russia Information dated September 23, 2024, states that restrictions on money transfers abroad have been extended until March 31, 2025:
Banks from unfriendly countries can transfer funds in rubles using correspondent accounts opened in Russian banks if the payer and recipient accounts are opened in foreign banks.
- Russian citizens and citizens from friendly countries will still be able to send up to $ 1 million per month to any foreign bank account and no more than $ 10,000 via money transfer systems;
- Individuals — non-residents having employment in Russia can still send funds abroad but are limited by the amount of their salary. This opportunity is available to representatives of both friendly and unfriendly countries;
- for individuals from unfriendly countries not having any employment in Russia, as well as non-resident legal entities from the list of unfriendly countries, the ban on transferring funds abroad remains.
Banks from unfriendly countries can transfer funds in rubles using correspondent accounts opened in Russian banks if the payer and recipient accounts are opened in foreign banks.