The Central Bank of Russia extended its restrictions on foreign cash withdrawals for another six months, citing sanctions that prevent Russian financial institutions from purchasing cash from Western countries. The extension keeps in place limits on how individuals and legal entities can withdraw certain foreign currencies in cash through 9 March 2026. Individuals who opened foreign currency accounts or deposits before 9 March 2022 may withdraw foreign currency up to the balance as of 00:00 Moscow time on that date, capped at USD 10,000 or the equivalent in euros, regardless of account currency, provided they have not used this option previously. Remaining balances may be withdrawn in rubles, with minimum payout rules tied to the Central Bank of Russia exchange rate for funds credited before 9 September 2022 and the bank’s rate for funds credited after that date; the ban on charging individuals a fee for foreign cash withdrawals was also extended for six months. Foreign funds transferred without opening an account or via electronic wallets must be paid out in rubles, with the amount not less than that calculated at the Central Bank of Russia exchange rate. Non-resident legal entities remain prohibited from withdrawing cash in US dollars, euros, British pounds, or Japanese yen until 9 March 2026, while other foreign currencies are not restricted. Resident legal entities may withdraw those four currencies in cash over the next six months only for business travel expenses within legal limits, with no restrictions on other foreign currencies subject to compliance with Russian legislation.

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