The Central Bank of Russia announced that it will remove previously imposed caps on cross-border foreign currency transfers for Russian nationals and individuals from friendly countries from 8 December 2025, citing a stable foreign exchange market. Other restrictions will remain in place from 8 December 2025 through 7 June 2026. Non-resident individuals from unfriendly countries who work in Russia may transfer abroad only up to the amount of their wages, while a ban continues for non-resident individuals from unfriendly states who do not work in Russia and for legal entities from such countries, with an exception for foreign companies controlled by Russian legal entities or individuals. The restrictions do not apply to transfers from In-type accounts to foreign accounts by foreign investors in the Russian financial market, and banks from unfriendly countries may make ruble transfers via correspondent accounts with Russian credit institutions where both payer and payee hold accounts with foreign banks.
Central Bank of Russia 2025-12-05
Central Bank of Russia lifts limits on cross-border foreign currency transfers for Russian and friendly-country individuals from 8 December 2025
Starting 8 December 2025, the Central Bank of Russia will lift caps on cross-border foreign currency transfers for Russian nationals and individuals from friendly countries due to a stable foreign exchange market. Restrictions remain for non-resident individuals from unfriendly countries, limiting transfers to wages for those working in Russia, while a ban persists for others and legal entities from such countries. Exceptions include transfers from In-type accounts and ruble transfers via correspondent accounts with Russian credit institutions.