The Bank of Russia has announced the continuation of restrictions on money transfers abroad for non-residents from countries deemed unfriendly. These measures will remain in effect for another six months starting April 1, 2025. The limitations apply to both individual and legal entity accounts held with Russian brokers and trust managers.
These restrictions were initially implemented on April 1, 2022, as part of efforts to maintain financial stability.
The decision reflects ongoing concerns about financial stability amid geopolitical tensions.