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

March 29, 2024

Recent Regulations & NewsBank of Russia extends restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts

From 1 April 2024, these operations will be suspended for another six months.

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

This decision has been made to maintain financial stability.

Story from www.cbr.ru

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Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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