Bank of Russia extends restrictions for non-residents from unfriendly countries to transfer money abroad from brokerage and trust management accounts

From 1 October 2023, these operations will be suspended for another six months.

These restrictions apply to money transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trust managers. They were originally introduced on 1 April 2022.

This decision was made in order to maintain financial stability.

Story from www.cbr.ru