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Bank of Russia retains restrictions on cross-border funds transfers from brokerage and trust management accounts for non-residents from unfriendly states

Recent Regulations & NewsBank of Russia retains restrictions on cross-border funds transfers from brokerage and trust management accounts for non-residents from unfriendly states

From 1 October 2025, these transactions will be suspended for another six months. The restrictions apply to funds transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trust managers. These measures were introduced on 1 April 2022.

In accordance with the executive order of the President of the Russian Federation, the mentioned restrictions on the repatriation of funds recorded in In-type accounts with Russian brokers and trust managers and invested in the Russian financial market do not apply to foreign investors (foreign persons acting on their behalf).

This decision has been made to maintain financial stability.

Story from www.cbr.ru

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

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