The Central Bank of Russia has retained its restrictions on money transfers abroad by non-residents from unfriendly states from brokerage and trust management accounts, extending the suspension for a further six months from 1 April 2025. The measure covers transfers of funds from accounts held by both individuals and legal entities with Russian brokers and trust managers. The restrictions were originally introduced on 1 April 2022 and are intended to maintain financial stability.
Central Bank of Russia 2025-03-24
Central Bank of Russia extends six-month suspension of outbound transfers by non-residents from unfriendly states via brokerage and trust management accounts
The Central Bank of Russia has extended restrictions on money transfers abroad by non-residents from unfriendly states for another six months starting 1 April 2025. This measure applies to funds from brokerage and trust management accounts held by individuals and legal entities with Russian brokers and trust managers. Originally introduced on 1 April 2022, the restrictions aim to maintain financial stability.