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

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

These transactions will be suspended for another six months from 1 April 2026. The restrictions apply to money transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trustees. 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 was made in order to ensure 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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