The Central Bank of Russia warned Russians about the risks of holding money in foreign accounts. This is stated in a post on the website. regulator.
“Measures in the form of closing accounts, transferring assets to specially segregated accounts apply to Russian tax residents in general, not sanctioned persons. Therefore, it should be taken into account that storing funds in foreign accounts carries increased risks for Russian citizens.
Previously reportedIt has been reported that the Central Bank has prepared many lawsuits within the scope of its efforts to return international reserves. Guznov stressed that the work on the return of international reserves “cannot be noisy.”
In the spring of 2022, the Ministry of Finance estimated the amount of gold and foreign currency reserves blocked by Russia at $300 billion. Reserves were frozen as part of anti-Russian sanctions. In response, the Russian Federation imposed mirror restrictions, freezing a similar amount of foreign capital in the country.
On April 19, 2022, the head of the Central Bank, Elvira Nabiullina, announced that the regulator plans to file a lawsuit for the return of blocked reserves.
According to the Central Bank of Russia, as of May 1, 2023, the volume of international reserves amounted to 595,787 billion dollars.