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Russian central bank extends curbs on transferring funds abroad

Published 29/09/2023, 07:42
© Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov//File Photo
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MOSCOW (Reuters) - Russia's central bank has extended restrictions on transferring funds abroad for another six months, the regulator said on Friday.

© Reuters. FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. REUTERS/Maxim Shemetov//File Photo

Until March 31, 2024, Russian citizens and non-residents from "friendly countries" will still be able to transfer no more than $1 million or its equivalent in other foreign currencies to any accounts in foreign banks within a month.

Russia considers countries that imposed sanctions against it as "unfriendly".

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