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02.04.2026
BANK OF RUSSIA EXTENDS RESTRICTIONS ON CROSS-BORDER TRANSFERS BY NON-RESIDENTS FROM ‘HOSTILE’ COUNTRIES
The Bank of Russia has extended restrictions on outbound transfers of funds by non-residents from hostile countries from accounts held with Russian brokers and trust managers.
The restrictions apply to transfers from accounts of both individuals and legal entities maintained with Russian brokers and trust managers.
These measures were initially introduced on April 1, 2022.
In accordance with a Presidential Decree, the restrictions do not apply to the repatriation of funds abroad by foreign investors (or persons acting on their behalf) investing in the Russian financial market, where such funds are held on special ‘Type In’ accounts with Russian brokers and trust managers.
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