The Central Bank of Russia announced that existing restrictions on cross-border funds transfers will remain in force from 8 June 2026 through 7 December 2026. Non-resident individuals from unfriendly countries who work in Russia may continue to transfer abroad up to the amount of their wages, while the ban remains in place for non-resident individuals from those countries who do not work in Russia and for legal entities from such countries. The restriction does not apply to foreign companies controlled by Russian legal entities or individuals. It also does not apply to transfers from In-type accounts to accounts abroad by foreign investors in the Russian financial market. Banks from unfriendly countries may continue to transfer RUB through correspondent accounts with Russian credit institutions when both the payer and the payee hold accounts with foreign banks.
Central Bank of Russia2026-06-01
Central Bank of Russia keeps cross-border transfer restrictions in place through 7 December 2026
The Central Bank of Russia will extend existing restrictions on cross-border funds transfers from 8 June 2026 to 7 December 2026. Non-resident individuals from unfriendly countries who work in Russia may continue to transfer abroad up to their wages, while the ban remains for other non-resident individuals and legal entities from such countries, with exemptions for foreign companies controlled by Russian persons, certain foreign investors, and RUB transfers via correspondent accounts of banks in unfriendly countries.