The Bank of Russia has set new thresholds for the amount of money transfers abroad for citizens over the next six months. Within one month, individuals have the right to transfer from their account in a Russian bank to their foreign account or to another individual abroad. not more than 10 thousand dollars or its equivalent in another currency. It has been reported press office regulator.
At the same time, you can make monthly money transfers through companies that provide money transfer services without opening an account. no more than $5,000 or its equivalent in another currency.
However, the new rules apply. only residents and non-residents in countries that do not support sanctions against Russiaas well as non-residents from other countries working in Russia under employment or civil law contracts.
Transfer amount will be calculated according to the official courseIt is determined by the Central Bank on the date of the transfer order.
Transfer restrictions for non-residents
At the same time, the Central Bank decided to prohibit transfers abroad from the bank accounts of non-residents who have not worked in Russia for six months – natural and legal persons from countries that support sanctions against the Russian Federation.
In the same period, transfers abroad from the accounts of Russian fund brokers of natural and legal persons from countries that support sanctions against Russia were suspended.
What rules were there before?
On March 1, Russian President Vladimir Putin banned the export of more than $10,000 in cash from the country and ordered exporters to sell 80% of their foreign currency earnings.
To ensure financial stability, the Central Bank in early March limited wire transfers to Russians and other people abroad to US$5,000 per month.
The Central Bank of Russia also announced Banned from 1 to 31 March For money transfers abroad for citizens of countries that impose sanctions against Russia. The measure was applied to both natural persons and legal persons. List included 43 countriesIncluding UK, Germany, USA.
Experts told “interfax”Restrictions on circulation, reduced demand for foreign currency due to a decline in international travel, and exporters selling their foreign exchange earnings may contribute to the strengthening of the ruble against the dollar and euro.
Difficulties with transferring money abroad
Many foreign money transfer services have previously announced their temporary refusal to provide services and goods to their operations in Russia. Specifically, on March 22, the Alipay wallet renewal service stopped working due to the Western Union transfer system ending from March 24.
On March 12, the PayPal payment system suspended operation in Russia. This is how they expressed their stance against Russian special operations in Ukraine, the company said.
On March 5, payment systems Visa and MasterCard announced the suspension of transactions from Russia. The cards of these systems, issued in Russia, will continue to work within the country as usual, but cross-border transactions with them are not available.