Central Bank of Russia extends cross-border transfer restrictions with USD 1 million monthly cap through March 2026

The Central Bank of Russia extended its restrictions on money transfers abroad for a further six months, with the measures applying from 1 October 2025 through 31 March 2026. Russian Federation citizens and non-resident individuals from friendly states may continue to transfer up to USD 1 million (or the equivalent in other foreign currencies) per month to accounts with foreign banks. Limits on transfers via funds transfer systems remain at USD 10,000 (or equivalent) per month, with amounts calculated at the official exchange rate against the ruble on the date a bank receives the transaction order. Non-resident individuals working in Russia, from both friendly and unfriendly states, may transfer abroad up to the amount of their salary, while the ban remains in place for non-resident individuals from unfriendly states not working in Russia and for legal entities from such countries, except where foreign companies are controlled by Russian legal entities or individuals. Banks from unfriendly states may transfer ruble funds using correspondent accounts opened with Russian credit institutions if both payer and payee hold accounts with foreign banks, and the bans and restrictions do not apply to transfers from In-type accounts to accounts opened abroad by foreign investors investing in the Russian financial market.