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The Bank of Russia has limited transfers of individuals abroad to the amount of $5,000 per month. This applies to both transfers made by resident individuals to other residents of the Russian Federation, and transfers to non-residents, including relatives.
The corresponding instruction was given to authorized banks in connection with the increased volatility in the foreign exchange market.
In addition, the restriction applies to transfers of funds without opening a bank account, including electronic money, abroad to non-resident individuals, including those who are their spouses or close relatives.
Also today, the Central Bank clarified the rules for payments on external debt, which apply to both creditors from countries that have announced payments against the Russian Federation, and borrowers from countries that have not joined these sanctions.
The EU countries, the United States and their allies have imposed large-scale sanctions against Russia, including both the freezing of the assets of a number of Russian banks, and the freezing of a significant part of the assets of the Central Bank of the Russian Federation – the “airbag” of the Russian financial sector. This led to a sharp fall in the ruble exchange rate and forced the adoption of emergency measures, including a significant increase in the Central Bank’s lending rate and the introduction of a commission on the purchase of foreign currency.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
