The Central Bank of Russia has expanded restrictions on the transfer of funds from non-residents from friendly countries abroad from broker and trustee accounts. In this respect says in an editor’s press release.
“The restriction applies to transfers from accounts opened with Russian brokers and trustee accounts of natural and legal persons,” the message states.
The restriction was introduced for one year from April 1, 2022. It has been extended for another six months from April 1 this year.
It was noted that the decision was taken to protect financial stability.
Previously reportedThe Central Bank has increased the reserve requirement ratios for “enemy” country currencies to 7.5% as of April 1, 2023.
March 22 recognizedThe Central Bank of Russia has begun republishing an expanded set of indicators for Russia’s international reserves.