Back to feed

Central Bank of Russia Extends Restrictions on Cash Foreign Currency Withdrawals for Another Six Months, Until 9 September 2026

UnclassifiedUnclassified

Translation disclaimer: machine-assisted translation may contain inaccuracies. Always refer to the original source for authoritative text.

For citizens whose foreign currency account or deposit was opened before 9 March 2022, the withdrawal limit remains in effect at the amount of the account balance as of 00:00 Moscow time on that date, but not exceeding USD 10,000 or the equivalent amount in euros, regardless of the currency of the deposit or account, provided they have not previously exercised this option.

The remaining funds may still be received in rubles. The amount paid out may not be less than the amount calculated on the date of payment at the official CBR exchange rate for funds placed in the account before 9 September 2022. Funds placed after 9 September 2022 are disbursed at the bank's exchange rate on the date of disbursement.

The prohibition on banks charging citizens a commission when disbursing currency from accounts or deposits has been extended for six months.

Foreign currency transfers without opening an account and transfers via electronic wallets [digital payment accounts] are paid out in rubles. The amount paid out may not be less than the amount calculated on the date of payment at the official CBR exchange rate.

Legal entities that are non-residents [foreign-registered companies] will not be issued cash in US dollars, euros, pounds sterling, or Japanese yen until 9 September 2026; no restrictions apply to other currencies.

Legal entities that are residents [Russian-registered companies] may, during the next six months, withdraw cash in US dollars, euros, pounds sterling, and Japanese yen from their accounts only for the purpose of covering business travel expenses, subject to the reimbursement rates established in accordance with applicable legislation. No restrictions apply to other currencies, provided the transactions comply with the requirements of the legislation of the Russian Federation.