Bank of Russia extends restrictions on foreign cash withdrawals for another six months until 9 March 2027

The Bank of Russia maintains foreign cash restrictions due to the sanctions enacted against Russia, which prohibit Russian financial institutions from purchasing Western countries’ cash.

Individuals who opened foreign currency accounts or deposits before 9 March 2022 are still allowed to withdraw foreign currency in the amount equal to the balance of funds as of 00.00 Moscow time on the above date but not more than $10,000 or the equivalent amount in euros, regardless of the currency of the deposit or account, provided that they have not used this opportunity previously.

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