The Bank of Russia has decided to extend its restrictions on money transfers abroad for an additional six months. These measures will be in effect from April 1 to September 30, 2025.
According to the guidelines, Russian citizens and non-resident individuals from friendly states can transfer up to $1 million or its equivalent in another foreign currency per month to accounts with foreign banks. Additionally, the limits on transfers through funds transfer systems remain unchanged; total transfers cannot exceed $10,000 or its equivalent in other foreign currencies per month. The amounts are calculated based on the official exchange rate of foreign currencies against the ruble at the time when the bank receives the transaction order.
Non-resident individuals working in Russia, regardless of whether they are from friendly or unfriendly states, are permitted to transfer funds abroad equivalent to their salary. However, non-resident individuals from unfriendly states who do not work in Russia and legal entities from these countries continue to face a ban on money transfers abroad. This restriction does not apply to foreign companies controlled by Russian legal entities or individuals.
Furthermore, banks from unfriendly states may still transfer funds in rubles using correspondent accounts opened with Russian credit institutions if both payers and payees have accounts with foreign banks.