The Bank of Russia has announced that restrictions on money transfers abroad will continue for another six months. The extension will be in effect from October 1, 2025, through March 31, 2026.
According to the Bank of Russia, Russian citizens and non-resident individuals from friendly countries are permitted to transfer up to $1 million per month, or the equivalent in another foreign currency, to accounts with foreign banks. Limits on transfers made via funds transfer systems also remain unchanged at a maximum of $10,000 per month. The amounts for these transactions are calculated using the official exchange rate between foreign currencies and the ruble on the date when a bank receives a transaction order.
Non-resident individuals who work in Russia, regardless of whether they come from friendly or unfriendly states, can transfer funds abroad up to the amount of their salary.
However, non-resident individuals from unfriendly states who do not work in Russia and legal entities from those countries are still banned from transferring money abroad. This restriction does not apply to foreign companies that are controlled by Russian legal entities or individuals.
Banks from unfriendly states may transfer funds in rubles using correspondent accounts opened with Russian credit institutions if both the payer and payee have accounts with foreign banks.
The bans and restrictions described do not apply to fund transfers from In-type accounts to accounts opened abroad when conducted by foreign investors investing in the Russian financial market.
